Newell Brands (NASDAQ:NWL) Shares Gap Down – Time to Sell?

Newell Brands Inc. (NASDAQ:NWL)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $9.69, but opened at $7.68. Newell Brands shares last traded at $7.01, with a volume of 8,874,074 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on NWL. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Canaccord Genuity Group boosted their price objective on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. UBS Group upped their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their target price on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, Barclays increased their target price on shares of Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Newell Brands currently has a consensus rating of “Hold” and a consensus target price of $10.70.

Newell Brands Stock Performance

The business’s 50 day simple moving average is $10.20 and its two-hundred day simple moving average is $8.68. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $2.87 billion, a P/E ratio of -11.52, a price-to-earnings-growth ratio of 1.12 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. During the same quarter last year, the company posted $0.22 earnings per share. Sell-side analysts anticipate that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 4.06%. Newell Brands’s payout ratio is -46.67%.

Insider Buying and Selling

In related news, insider Tracy L. Platt sold 23,343 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWL. Venturi Wealth Management LLC purchased a new stake in shares of Newell Brands during the third quarter valued at about $70,000. Atomi Financial Group Inc. acquired a new position in Newell Brands in the 3rd quarter worth about $79,000. Claro Advisors LLC purchased a new stake in shares of Newell Brands during the third quarter worth about $79,000. Smartleaf Asset Management LLC raised its position in shares of Newell Brands by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after buying an additional 4,617 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Newell Brands by 24.8% during the 4th quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after acquiring an additional 1,666 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.

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.