Barclays Increases Newell Brands (NASDAQ:NWL) Price Target to $11.00

Newell Brands (NASDAQ:NWL) had its target price hoisted by equities research analysts at Barclays from $10.00 to $11.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 8.86% from the company’s previous close.

NWL has been the topic of several other reports. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and upped their price target for the company from $10.00 to $17.00 in a report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday. Canaccord Genuity Group raised their price target on Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company upped their price objective on Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 7th. Finally, UBS Group lifted their target price on Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.70.

Newell Brands Trading Down 0.5 %

NWL stock traded down $0.06 during midday trading on Friday, reaching $10.11. 1,631,168 shares of the company traded hands, compared to its average volume of 4,836,200. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -16.84, a P/E/G ratio of 0.86 and a beta of 0.89. Newell Brands has a 52-week low of $5.39 and a 52-week high of $11.78. The business has a 50 day moving average of $9.90 and a 200-day moving average of $8.27. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. As a group, sell-side analysts expect that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Newell Brands

In other news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total transaction of $240,666.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the transaction, the insider now directly owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

Hedge funds have recently bought and sold shares of the stock. Hennessy Advisors Inc. acquired a new stake in shares of Newell Brands during the 4th quarter valued at about $72,431,000. Victory Capital Management Inc. increased its position in shares of Newell Brands by 5,324.8% in the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock valued at $36,282,000 after buying an additional 4,637,180 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after buying an additional 2,668,384 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Newell Brands by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock valued at $127,629,000 after buying an additional 2,634,114 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Newell Brands by 106.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock valued at $16,042,000 after acquiring an additional 1,314,514 shares during the period. Hedge funds and other 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.