Newell Brands (NASDAQ:NWL) Stock Jumps 9.7% – Time to Buy?

Newell Brands Inc. (NASDAQ:NWL)’s share price traded up 9.7% during mid-day trading on Monday. The stock traded as high as $5.65 and last traded at $5.6850. Approximately 1,902,778 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 7,565,093 shares. The stock had previously closed at $5.18.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Newell Brands in a research report on Monday, August 3rd. Zacks Research raised Newell Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Citigroup reduced their target price on Newell Brands from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Monday. Morgan Stanley restated an “underweight” rating and issued a $5.75 price target on shares of Newell Brands in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Newell Brands from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.62.

Newell Brands Stock Down 5.5%

The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 0.67. The firm has a market capitalization of $2.40 billion, a P/E ratio of -7.31, a P/E/G ratio of 1.48 and a beta of 0.88. The company’s 50-day simple moving average is $5.67 and its two-hundred day simple moving average is $4.85.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. Newell Brands had a positive return on equity of 13.41% and a negative net margin of 4.42%. Newell Brands’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. As a group, research analysts expect that Newell Brands Inc. will post 0.76 earnings per share for the current year.

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a $0.07 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.28 annualized dividend and a yield of 5.0%. Newell Brands’s payout ratio is presently -36.36%.

Insider Buying and Selling

In other Newell Brands news, insider Bradford Turner sold 100,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the transaction, the insider owned 433,398 shares in the company, valued at $2,669,731.68. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.64% of the company’s stock.

Institutional Trading of Newell Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWL. Uhlmann Price Securities LLC grew its stake in shares of Newell Brands by 2.2% in the third quarter. Uhlmann Price Securities LLC now owns 224,490 shares of the company’s stock valued at $1,185,000 after buying an additional 4,739 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Newell Brands by 13.4% during the 3rd quarter. Pictet Asset Management Holding SA now owns 66,373 shares of the company’s stock valued at $350,000 after acquiring an additional 7,862 shares during the period. Kestra Advisory Services LLC grew its position in Newell Brands by 21.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 49,918 shares of the company’s stock valued at $264,000 after acquiring an additional 8,896 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Newell Brands by 3.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 182,600 shares of the company’s stock valued at $964,000 after acquiring an additional 6,866 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in Newell Brands during the third quarter worth about $390,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Company Profile

Newell Brands Inc is a global consumer products 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, Crock-Pot, Mr. Coffee, FoodSaver, Calphalon, Elmer’s and Sistema.

The company’s products span food and home storage, cookware and small kitchen appliances, writing instruments and other learning supplies, baby and parenting products, outdoor and recreation equipment, home fragrance, and commercial products.