Newell Brands (NASDAQ:NWL) Given New $9.00 Price Target at Barclays

Newell Brands (NASDAQ:NWL) had its target price raised by Barclays from $8.00 to $9.00 in a research note released on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities analysts have also issued reports on the stock. Truist Financial reduced their target price on shares of Newell Brands from $17.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $9.00 price objective on shares of Newell Brands in a research report on Monday, April 28th. Citigroup dropped their target price on Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Canaccord Genuity Group dropped their price objective on Newell Brands from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.42.

Newell Brands Stock Performance

NASDAQ NWL opened at $5.25 on Friday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -10.10, a PEG ratio of 0.95 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. Newell Brands has a 1-year low of $4.22 and a 1-year high of $11.78. The company has a 50 day moving average of $5.73 and a 200-day moving average of $8.04.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. The company’s revenue was down 5.3% on a year-over-year basis. On average, equities analysts forecast that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.33%. Newell Brands’s dividend payout ratio (DPR) is presently -53.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. PFG Investments LLC grew its holdings in shares of Newell Brands by 6.6% in the 4th quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after buying an additional 981 shares during the period. TriaGen Wealth Management LLC increased its holdings in shares of Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock worth $583,000 after acquiring an additional 991 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Newell Brands by 0.9% during the 4th quarter. Arizona State Retirement System now owns 120,668 shares of the company’s stock valued at $1,202,000 after purchasing an additional 1,125 shares in the last quarter. Optas LLC grew its position in shares of Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after purchasing an additional 1,306 shares during the period. Finally, Accurate Wealth Management LLC raised its holdings in Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock worth $116,000 after buying an additional 1,531 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

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.