Citigroup Cuts Newell Brands (NASDAQ:NWL) Price Target to $3.50

Newell Brands (NASDAQ:NWL) had its price objective reduced by Citigroup from $5.50 to $3.50 in a research note released on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. UBS Group lifted their price target on Newell Brands from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. cut their target price on Newell Brands from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley reiterated a “hold” rating and set a $4.25 target price on shares of Newell Brands in a research report on Monday. Canaccord Genuity Group cut their target price on Newell Brands from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada cut their target price on Newell Brands from $8.00 to $4.50 and set a “sector perform” rating for the company in a research report on Monday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.86.

Newell Brands Stock Performance

NASDAQ:NWL opened at $3.22 on Monday. The stock has a market cap of $1.35 billion, a P/E ratio of -53.66 and a beta of 1.02. The stock has a 50 day simple moving average of $5.23 and a 200 day simple moving average of $5.39. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. Newell Brands has a 1-year low of $3.07 and a 1-year high of $11.78.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Newell Brands had a positive return on equity of 8.64% and a negative net margin of 0.33%.The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. Research analysts anticipate that Newell Brands will post 0.72 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.07 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 8.7%. Newell Brands’s dividend payout ratio (DPR) is presently -466.67%.

Hedge Funds Weigh In On Newell Brands

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Newell Brands in the 2nd quarter valued at $35,000. Parallel Advisors LLC increased its stake in shares of Newell Brands by 194.3% in the 2nd quarter. Parallel Advisors LLC now owns 8,067 shares of the company’s stock valued at $44,000 after purchasing an additional 5,326 shares during the last quarter. Summit Global Investments bought a new position in shares of Newell Brands in the 2nd quarter valued at $54,000. Forum Financial Management LP bought a new position in shares of Newell Brands in the 3rd quarter valued at $54,000. Finally, HB Wealth Management LLC bought a new position in shares of Newell Brands in the 2nd quarter valued at $55,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Company 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.