Newell Brands Inc. (NYSE:NWL) saw a large decrease in short interest in the month of December. As of December 29th, there was short interest totalling 16,373,815 shares, a decrease of 25.1% from the December 15th total of 21,847,449 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily volume of 4,478,481 shares, the days-to-cover ratio is currently 3.7 days.

In related news, CEO Michael B. Polk purchased 7,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $28.22 per share, for a total transaction of $197,540.00. Following the acquisition, the chief executive officer now directly owns 616,296 shares in the company, valued at $17,391,873.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in NWL. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Newell Brands during the 2nd quarter worth approximately $296,000. Northwestern Mutual Wealth Management Co. grew its stake in Newell Brands by 52.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after buying an additional 1,088 shares during the last quarter. BT Investment Management Ltd purchased a new position in Newell Brands during the 2nd quarter worth approximately $408,000. Profund Advisors LLC grew its stake in Newell Brands by 26.6% during the 2nd quarter. Profund Advisors LLC now owns 14,582 shares of the company’s stock worth $782,000 after buying an additional 3,064 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Newell Brands by 5.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 58,890 shares of the company’s stock worth $3,158,000 after buying an additional 2,961 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Newell Brands (NYSE NWL) opened at $31.22 on Friday. Newell Brands has a 1-year low of $27.45 and a 1-year high of $55.08. The company has a market capitalization of $15,300.00, a PE ratio of 12.05, a PEG ratio of 1.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. sell-side analysts forecast that Newell Brands will post 2.81 earnings per share for the current year.

Newell Brands declared that its board has initiated a share repurchase program on Tuesday, September 26th that permits the company to buyback $256.00 million in outstanding shares. This buyback authorization permits the company to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Several equities research analysts have weighed in on NWL shares. KeyCorp set a $60.00 price target on Newell Brands and gave the stock a “buy” rating in a report on Monday, October 16th. Jefferies Group restated a “hold” rating and set a $47.00 price target on shares of Newell Brands in a report on Thursday, October 19th. Oppenheimer restated a “hold” rating and set a $42.00 price target on shares of Newell Brands in a report on Tuesday, October 31st. JPMorgan Chase & Co. downgraded Newell Brands from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $56.00 to $63.00 in a report on Thursday, November 2nd. Finally, Royal Bank of Canada downgraded Newell Brands from a “top pick” rating to an “outperform” rating and cut their price target for the stock from $60.00 to $35.00 in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $45.20.

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About Newell Brands

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

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