Newell Brands (NYSE:NWL)‘s stock had its “buy” rating restated by analysts at Barclays in a note issued to investors on Wednesday. They presently have a $35.00 price target on the stock. Barclays’ target price points to a potential upside of 10.13% from the company’s current price.
Several other research analysts also recently weighed in on NWL. Oppenheimer restated a “hold” rating and set a $50.00 price target on shares of Newell Brands in a research report on Wednesday, September 6th. BMO Capital Markets dropped their price objective on shares of Newell Brands from $45.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Newell Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. BidaskClub cut shares of Newell Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, Forward View reaffirmed a “buy” rating and set a $58.00 price objective on shares of Newell Brands in a research note on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.79.
Newell Brands (NWL) traded down $0.03 on Wednesday, hitting $31.78. 6,587,200 shares of the company traded hands, compared to its average volume of 4,774,556. Newell Brands has a 52-week low of $27.45 and a 52-week high of $55.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46. The firm has a market cap of $15,590.08, a P/E ratio of 11.08, a PEG ratio of 1.28 and a beta of 1.10.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. sell-side analysts expect that Newell Brands will post 2.81 earnings per share for the current year.
Newell Brands announced that its board has authorized a stock repurchase plan on Tuesday, September 26th that permits the company to repurchase $256.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, CEO Michael B. Polk purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average price of $43.61 per share, with a total value of $218,050.00. Following the purchase, the chief executive officer now directly owns 609,296 shares in the company, valued at approximately $26,571,398.56. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott S. Cowen purchased 2,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $43.60 per share, with a total value of $87,200.00. Following the purchase, the director now owns 87,883 shares in the company, valued at $3,831,698.80. The disclosure for this purchase can be found here. In the last three months, insiders bought 14,100 shares of company stock valued at $507,255. Corporate insiders own 0.97% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. AXA grew its stake in shares of Newell Brands by 22.6% in the 3rd quarter. AXA now owns 307,936 shares of the company’s stock valued at $13,140,000 after buying an additional 56,694 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Newell Brands by 0.6% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,253,510 shares of the company’s stock valued at $53,488,000 after buying an additional 7,500 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Newell Brands in the 3rd quarter valued at approximately $238,000. GSA Capital Partners LLP purchased a new stake in shares of Newell Brands in the 3rd quarter valued at approximately $2,337,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Newell Brands in the 3rd quarter valued at approximately $226,000. 94.40% of the stock is owned by institutional investors and hedge funds.
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Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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