Newell Brands (NASDAQ:NWL) Earns Underweight Rating from Morgan Stanley

Newell Brands (NASDAQ:NWL)‘s stock had its “underweight” rating reiterated by equities researchers at Morgan Stanley in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a $3.50 price target on the stock, down from their prior price target of $4.00. Morgan Stanley’s price objective suggests a potential downside of 1.69% from the stock’s current price.

Several other research firms have also recently commented on NWL. Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a research note on Friday. UBS Group boosted their price objective on Newell Brands from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Monday, May 4th. Royal Bank Of Canada set a $4.00 price objective on Newell Brands in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Newell Brands from $5.00 to $3.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Citigroup boosted their price target on Newell Brands from $4.00 to $4.75 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Newell Brands has a consensus rating of “Hold” and a consensus target price of $4.94.

Newell Brands Stock Down 2.5%

Shares of NWL opened at $3.56 on Wednesday. The company has a market capitalization of $1.51 billion, a P/E ratio of -5.31, a PEG ratio of 4.45 and a beta of 1.06. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.04 and a quick ratio of 0.51. Newell Brands has a one year low of $3.07 and a one year high of $6.64. The business’s 50 day simple moving average is $3.92 and its 200-day simple moving average is $3.96.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company posted ($0.01) earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. As a group, sell-side analysts predict that Newell Brands will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at Newell Brands

In related news, insider Melanie Arlene Huet sold 91,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $4.50, for a total transaction of $409,500.00. Following the sale, the insider owned 867 shares of the company’s stock, valued at $3,901.50. This trade represents a 99.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Newell Brands

Several institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its stake in Newell Brands by 5.0% in the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock valued at $186,073,000 after buying an additional 2,375,782 shares during the period. AQR Capital Management LLC grew its holdings in Newell Brands by 197.8% in the fourth quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock worth $78,741,000 after purchasing an additional 14,059,209 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Newell Brands by 0.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 20,765,031 shares of the company’s stock worth $108,809,000 after purchasing an additional 172,854 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Newell Brands by 0.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 18,802,600 shares of the company’s stock worth $69,946,000 after purchasing an additional 131,796 shares during the period. Finally, Rubric Capital Management LP grew its holdings in Newell Brands by 17.4% in the first quarter. Rubric Capital Management LP now owns 15,257,431 shares of the company’s stock worth $52,333,000 after purchasing an additional 2,257,431 shares during the period. 92.50% of the stock is owned by institutional investors and hedge funds.

About Newell Brands

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.