Newell Brands (NASDAQ:NWL) Price Target Raised to $5.00

by · The Markets Daily

Newell Brands (NASDAQ:NWL – Free Report) had its target price increased by Royal Bank Of Canada from $4.00 to $5.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Several other brokerages also recently weighed in on NWL. Morgan Stanley downgraded Newell Brands from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $4.00 to $3.50 in a report on Wednesday, May 20th. Barclays lifted their target price on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. UBS Group boosted their price target on Newell Brands from $4.75 to $5.50 and gave the stock a “neutral” rating in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a research report on Friday, May 15th. Finally, Canaccord Genuity Group raised their price target on shares of Newell Brands from $9.00 to $11.00 and gave the company a “buy” rating in a report on Monday. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Newell Brands currently has an average rating of “Hold” and an average price target of $6.38.

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Newell Brands Price Performance

Shares of NWL stock opened at $6.17 on Monday. The business’s fifty day moving average is $5.04 and its 200 day moving average is $4.44. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of -11.64, a PEG ratio of 1.51 and a beta of 0.88. 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.

Newell Brands (NASDAQ:NWL – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.22. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. Newell Brands’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $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. Research analysts expect that Newell Brands will post 0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Melanie Arlene Huet sold 91,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.50, for a total value of $409,500.00. Following the transaction, the insider directly owned 867 shares in the company, valued at $3,901.50. The trade was a 99.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kristine Kay Malkoski sold 10,850 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 202,750 shares of company stock worth $812,396. Company insiders own 1.64% of the company’s stock.

Institutional Trading of Newell Brands

Hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC raised its position in shares of Newell Brands by 510.3% during the 4th quarter. Intech Investment Management LLC now owns 483,491 shares of the company’s stock valued at $1,799,000 after buying an additional 404,269 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Newell Brands in the 1st quarter valued at about $638,000. Pzena Investment Management LLC grew its position in Newell Brands by 5.0% in the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock worth $186,073,000 after acquiring an additional 2,375,782 shares in the last quarter. Weiss Asset Management LP purchased a new position in Newell Brands in the first quarter worth about $1,261,000. Finally, CastleKnight Management LP increased its stake in Newell Brands by 397.9% during the fourth quarter. CastleKnight Management LP now owns 864,914 shares of the company’s stock worth $3,217,000 after acquiring an additional 691,214 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Company Profile

(Get Free Report)

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.

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