Newell Brands Inc. (NASDAQ:NWL) Stock Has Average Target Price of $6.66

Newell Brands Inc. (NASDAQ:NWL) has received a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.66.

NWL has been the subject of several research reports. Barclays increased their price target on Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Zacks Research raised shares of Newell Brands from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Canaccord Genuity Group raised their price target on Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded Newell Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Newell Brands Price Performance

Shares of NASDAQ:NWL opened at $5.65 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85. The stock’s fifty day simple moving average is $5.81 and its two-hundred day simple moving average is $5.00. Newell Brands has a 1-year low of $3.07 and a 1-year high of $7.13. The stock has a market cap of $2.41 billion, a PE ratio of -10.66, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.22. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. As a group, analysts forecast that Newell Brands will post 0.76 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.07 per share. The ex-dividend date was Monday, August 31st. This represents a $0.28 annualized dividend and a dividend yield of 5.0%. Newell Brands’s dividend payout ratio is currently -52.83%.

Insider Activity at Newell Brands

In other news, insider Bradford Turner sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total value of $616,000.00. Following the completion of the transaction, the insider directly owned 433,398 shares in the company, valued at approximately $2,669,731.68. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.64% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

Institutional investors have recently added to or reduced their stakes in the business. Nykredit A S bought a new stake in shares of Newell Brands during the 2nd quarter worth $49,000. Everhart Financial Group Inc. purchased a new position in shares of Newell Brands during the 3rd quarter valued at about $53,000. Summit Global Investments purchased a new position in shares of Newell Brands during the 2nd quarter valued at about $66,000. GAMMA Investing LLC boosted its stake in Newell Brands by 19.8% in the second quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock worth $70,000 after buying an additional 1,887 shares in the last quarter. Finally, CM Wealth Advisors LLC purchased a new stake in shares of Newell Brands in the 2nd quarter valued at $76,000. 92.50% of the stock is currently owned by institutional investors.

About Newell Brands

Newell Brands Inc is a global consumer-goods company that designs, manufactures and markets products for the home, workplace, school and outdoor recreation. Its portfolio includes storage and organization products, writing instruments, food and beverage preparation items, cookware, small appliances, outdoor equipment, candles and other household goods.

The company’s brands include Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Elmer’s, FoodSaver, Mr. Coffee, Oster, Calphalon and Sistema.