Candlestick Capital Management LP Invests $31.79 Million in Newell Brands Inc. $NWL

Candlestick Capital Management LP acquired a new position in shares of Newell Brands Inc. (NASDAQ:NWL) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 6,066,025 shares of the company’s stock, valued at approximately $31,786,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Newell Brands by 29.2% during the first quarter. Royal Bank of Canada now owns 775,131 shares of the company’s stock worth $4,800,000 after purchasing an additional 175,178 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Newell Brands by 47.3% during the first quarter. Goldman Sachs Group Inc. now owns 563,984 shares of the company’s stock worth $3,497,000 after buying an additional 181,113 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Newell Brands by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,302,018 shares of the company’s stock valued at $8,073,000 after buying an additional 153,658 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Newell Brands by 47.0% in the 1st quarter. Focus Partners Wealth now owns 63,846 shares of the company’s stock valued at $396,000 after buying an additional 20,406 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Newell Brands in the 1st quarter valued at $1,326,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Trading Down 1.9%

NWL opened at $4.04 on Friday. The business has a fifty day moving average price of $4.37 and a 200 day moving average price of $4.45. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.07 and a quick ratio of 0.57. Newell Brands Inc. has a 12 month low of $3.07 and a 12 month high of $6.82. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -5.94 and a beta of 0.91.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Newell Brands had a positive return on equity of 9.17% and a negative net margin of 3.96%.The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $0.16 EPS. Newell Brands’s revenue for the quarter was down 2.7% compared to the same quarter last year. Newell Brands has set its Q1 2026 guidance at -0.120–0.080 EPS. Sell-side analysts expect that Newell Brands Inc. will post 0.72 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.07 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.28 dividend on an annualized basis and a yield of 6.9%. Newell Brands’s payout ratio is currently -41.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup raised their target price on Newell Brands from $4.25 to $5.00 and gave the company a “neutral” rating in a report on Monday, February 9th. UBS Group reiterated a “neutral” rating and set a $5.00 price target on shares of Newell Brands in a research note on Monday, February 9th. Morgan Stanley increased their price target on shares of Newell Brands from $4.25 to $4.50 and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Newell Brands in a research note on Monday, December 29th. Finally, Canaccord Genuity Group upped their target price on shares of Newell Brands from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.11.

Newell Brands Profile

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.