Newell Brands Inc. (NASDAQ:NWL – Get Rating)’s share price hit a new 52-week low on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $14.00 to $13.00. The company traded as low as $10.19 and last traded at $10.21, with a volume of 1235931 shares. The stock had previously closed at $10.81.
Several other equities analysts have also recently commented on NWL. Morgan Stanley reduced their price target on shares of Newell Brands from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, February 13th. JPMorgan Chase & Co. increased their price target on shares of Newell Brands from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, January 13th. Raymond James reduced their price target on shares of Newell Brands from $18.00 to $17.00 and set a “strong-buy” rating on the stock in a research report on Monday, February 13th. Barclays dropped their price objective on shares of Newell Brands from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 14th. Finally, StockNews.com started coverage on shares of Newell Brands in a research note on Thursday, March 16th. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.18.
Insider Buying and Selling at Newell Brands
In other Newell Brands news, Director Brett Icahn sold 107,372 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $15.37, for a total value of $1,650,307.64. Following the sale, the director now owns 845,631 shares in the company, valued at $12,997,348.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Brett Icahn sold 107,372 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $15.37, for a total transaction of $1,650,307.64. Following the transaction, the director now owns 845,631 shares in the company, valued at $12,997,348.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark J. Erceg acquired 28,282 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were bought at an average price of $13.00 per share, for a total transaction of $367,666.00. Following the purchase, the chief financial officer now directly owns 94,982 shares of the company’s stock, valued at $1,234,766. The disclosure for this purchase can be found here. 0.58% of the stock is owned by company insiders.
Institutional Trading of Newell Brands
Newell Brands Stock Down 4.2 %
The firm has a market cap of $4.29 billion, a P/E ratio of -35.72 and a beta of 0.91. The business’s fifty day moving average price is $12.04 and its two-hundred day moving average price is $13.64. The company has a current ratio of 1.32, a quick ratio of 0.60 and a debt-to-equity ratio of 1.35.
Newell Brands (NASDAQ:NWL – Get Rating) last released its quarterly earnings results on Friday, April 28th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. Newell Brands had a net margin of 2.33% and a return on equity of 17.76%. The firm’s revenue for the quarter was down 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. As a group, equities research analysts anticipate that Newell Brands Inc. will post 1.03 EPS for the current year.
Newell Brands Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.92 annualized dividend and a yield of 8.88%. Newell Brands’s dividend payout ratio (DPR) is presently -317.24%.
Newell Brands Company Profile
Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment includes commercial cleaning and maintenance solutions, closet and garage organization, hygiene systems and material handling solutions, connected home and security, and smoke and carbon monoxide alarms.
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