Newell Brands (NASDAQ:NWL) Stock Price Up 7.6% – Time to Buy?

Newell Brands Inc. (NASDAQ:NWL)’s stock price shot up 7.6% during trading on Monday . The company traded as high as $5.09 and last traded at $5.08. 1,598,332 shares were traded during trading, a decline of 76% from the average session volume of 6,585,355 shares. The stock had previously closed at $4.72.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research report on Monday. Canaccord Genuity Group lowered their price target on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Barclays upped their price objective on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. UBS Group lifted their target price on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada dropped their target price on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.81.

Newell Brands Stock Down 5.2 %

The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.56 and a current ratio of 1.14. The company has a market cap of $1.98 billion, a P/E ratio of -9.10, a PEG ratio of 0.95 and a beta of 0.84. The firm’s 50-day simple moving average is $6.26 and its 200 day simple moving average is $8.28.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, February 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same period in the prior year, the firm earned $0.22 earnings per share. On average, research analysts forecast that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend was Friday, February 28th. Newell Brands’s payout ratio is -53.85%.

Institutional Investors Weigh In On Newell Brands

Several large investors have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in shares of Newell Brands during the fourth quarter worth $33,000. Farther Finance Advisors LLC increased its position in shares of Newell Brands by 212.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after buying an additional 4,169 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Newell Brands during the 4th quarter worth $46,000. NBC Securities Inc. lifted its holdings in Newell Brands by 146,542.9% during the first quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock worth $63,000 after acquiring an additional 10,258 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 4,617 shares during the period. Institutional investors own 92.50% of the company’s stock.

About Newell Brands

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.