Brokerages Set Newell Brands Inc. (NASDAQ:NWL) Price Target at $6.66

Newell Brands Inc. (NASDAQ:NWL) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.6562.

A number of equities research analysts recently issued reports on NWL shares. Barclays lifted their price target on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Citigroup increased their price objective on shares of Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Newell Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Newell Brands from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, August 26th. Finally, UBS Group upped their price target on shares of Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd.

Newell Brands Price Performance

Shares of Newell Brands stock opened at $5.60 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.11 and a debt-to-equity ratio of 1.85. Newell Brands has a twelve month low of $3.07 and a twelve month high of $7.13. The business has a 50-day moving average price of $5.77 and a 200 day moving average price of $4.79. The firm has a market cap of $2.39 billion, a PE ratio of -10.57, a P/E/G ratio of 1.35 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last released its quarterly 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 company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.Newell Brands’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Sell-side analysts predict that Newell Brands will post 0.76 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, August 31st. Newell Brands’s payout ratio is -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 stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the transaction, the insider owned 433,398 shares in the company, valued at $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 SEC, which is available through this link. 1.64% of the stock is owned by insiders.

Institutional Trading of Newell Brands

Several large investors have recently made changes to their positions in NWL. AXQ Capital LP purchased a new position in shares of Newell Brands in the second quarter worth about $3,851,000. Intech Investment Management LLC raised its holdings in Newell Brands by 510.3% in the 4th quarter. Intech Investment Management LLC now owns 483,491 shares of the company’s stock valued at $1,799,000 after acquiring an additional 404,269 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Newell Brands in the 1st quarter valued at about $638,000. Weiss Asset Management LP acquired a new stake in Newell Brands in the 1st quarter valued at about $1,261,000. Finally, Pzena Investment Management LLC purchased a new position in Newell Brands in the 2nd quarter worth approximately $294,663,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

About Newell Brands

Newell Brands Inc is a global consumer goods company that designs, manufactures and markets products used in homes, workplaces and outdoor settings. Its portfolio includes well-known brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Elmer’s, FoodSaver, Mr. Coffee, Oster and Calphalon.

The company’s products span food and home storage, cleaning and organization, writing instruments and arts supplies, baby products, cookware and small kitchen appliances, home fragrance, and outdoor recreation equipment.