Savoir Faire Capital Management L.P. Raises Holdings in Newell Brands Inc. (NASDAQ:NWL)

Savoir Faire Capital Management L.P. raised its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 101.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,153 shares of the company’s stock after purchasing an additional 173,824 shares during the period. Savoir Faire Capital Management L.P. owned 0.08% of Newell Brands worth $2,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of Newell Brands in the 2nd quarter worth approximately $26,000. Quarry LP lifted its position in Newell Brands by 106.2% during the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock valued at $41,000 after purchasing an additional 2,437 shares in the last quarter. NBC Securities Inc. raised its holdings in Newell Brands by 50.5% during the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after acquiring an additional 1,780 shares during the period. Quest Partners LLC bought a new stake in Newell Brands during the fourth quarter valued at about $45,000. Finally, Gradient Investments LLC bought a new stake in Newell Brands during the second quarter valued at about $46,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Performance

NWL opened at $7.73 on Tuesday. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $9.79. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. The company has a market cap of $3.21 billion, a P/E ratio of -10.74, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The firm’s 50-day moving average price is $7.21 and its 200-day moving average price is $7.35.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Newell Brands’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.62%. Newell Brands’s dividend payout ratio is presently -38.89%.

Analysts Set New Price Targets

NWL has been the topic of several research reports. Truist Financial lifted their target price on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their target price on Newell Brands from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Royal Bank of Canada lifted their price objective on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company boosted their target price on shares of Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.82.

Newell Brands 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.