Newell Brands (NWL) Hits New 12-Month Low at $17.07

Newell Brands Inc (NYSE:NWL) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $17.07 and last traded at $17.88, with a volume of 163931 shares changing hands. The stock had previously closed at $17.43.

A number of research firms recently commented on NWL. Bank of America increased their target price on shares of Newell Brands from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 16th. Zacks Investment Research downgraded shares of Newell Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Deutsche Bank dropped their target price on shares of Newell Brands to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, August 7th. Citigroup dropped their target price on shares of Newell Brands from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 24th. Finally, Jefferies Financial Group dropped their target price on shares of Newell Brands from $29.00 to $23.00 and set a “hold” rating on the stock in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.82.

The company has a current ratio of 3.17, a quick ratio of 2.74 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $9.59 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 4.72 and a beta of 0.60.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Monday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. Newell Brands had a net margin of 16.39% and a return on equity of 9.58%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the firm posted $0.87 EPS. Newell Brands’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, analysts anticipate that Newell Brands Inc will post 0.88 EPS for the current year.

In other news, Director James Craigie bought 11,500 shares of Newell Brands stock in a transaction dated Wednesday, August 8th. The stock was bought at an average price of $21.33 per share, for a total transaction of $245,295.00. Following the purchase, the director now owns 14,081 shares of the company’s stock, valued at $300,347.73. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael B. Polk bought 10,000 shares of Newell Brands stock in a transaction dated Monday, August 13th. The stock was purchased at an average price of $20.63 per share, with a total value of $206,300.00. Following the purchase, the chief executive officer now directly owns 941,951 shares in the company, valued at approximately $19,432,449.13. The disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Northwest Wealth Management LLC lifted its stake in shares of Newell Brands by 5,180.7% in the 2nd quarter. Northwest Wealth Management LLC now owns 4,383 shares of the company’s stock worth $113,000 after acquiring an additional 4,300 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Newell Brands in the 2nd quarter worth $146,000. Qube Research & Technologies Ltd acquired a new stake in shares of Newell Brands in the 2nd quarter worth $149,000. BlueMountain Capital Management LLC acquired a new stake in shares of Newell Brands in the 2nd quarter worth $151,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Newell Brands in the 2nd quarter worth $266,000. Institutional investors own 97.80% of the company’s stock.

Newell Brands Company Profile (NYSE:NWL)

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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