Newell Brands (NASDAQ:NWL) Hits New 1-Year Low – Here’s What Happened

Shares of Newell Brands Inc. (NASDAQ:NWL) reached a new 52-week low on Friday . The stock traded as low as $4.83 and last traded at $4.94, with a volume of 3316071 shares traded. The stock had previously closed at $5.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NWL shares. Citigroup dropped their target price on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $17.00 in a report on Monday, December 9th. Barclays increased their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Royal Bank of Canada lowered their price target on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Finally, Wells Fargo & Company cut their price target on shares of Newell Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.58.

Newell Brands Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -9.85, a P/E/G ratio of 0.95 and a beta of 0.84. The company’s 50 day moving average is $7.21 and its 200-day moving average is $8.45.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the previous year, the business earned $0.22 earnings per share. Equities research analysts anticipate that Newell Brands Inc. will post 0.72 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.47%. Newell Brands’s dividend payout ratio (DPR) is currently -53.85%.

Institutional Trading of Newell Brands

Institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new position in Newell Brands during the 4th quarter worth $33,000. Harvest Fund Management Co. Ltd bought a new position in Newell Brands during the fourth quarter worth about $46,000. Smartleaf Asset Management LLC increased its position in Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock worth $79,000 after acquiring an additional 4,617 shares during the period. Versant Capital Management Inc raised its stake in Newell Brands by 24.8% in the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock worth $83,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new stake in Newell Brands in the 3rd quarter valued at about $92,000. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.