Newell Brands Target of Unusually Large Options Trading (NASDAQ:NWL)

Newell Brands Inc. (NASDAQ:NWL) was the recipient of some unusual options trading on Wednesday. Traders acquired 24,886 call options on the company. This represents an increase of 1,388% compared to the average volume of 1,672 call options.

Newell Brands Price Performance

Shares of NASDAQ:NWL traded up $0.18 on Wednesday, hitting $4.59. The company had a trading volume of 7,259,341 shares, compared to its average volume of 6,551,634. The company has a market cap of $1.95 billion, a PE ratio of -6.83, a PEG ratio of 5.17 and a beta of 1.01. The business has a 50 day moving average of $3.88 and a 200 day moving average of $3.99. Newell Brands has a 52-week low of $3.07 and a 52-week high of $6.64. The company has a current ratio of 1.04, a quick ratio of 0.51 and a debt-to-equity ratio of 1.94.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. As a group, equities analysts anticipate that Newell Brands will post 0.57 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, May 29th. Newell Brands’s payout ratio is presently -41.79%.

Analysts Set New Price Targets

NWL has been the subject of several research reports. UBS Group lifted their price target on Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Newell Brands in a research note on Friday, May 15th. Royal Bank Of Canada set a $4.00 target price on shares of Newell Brands in a report on Thursday, April 9th. Canaccord Genuity Group upped their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Newell Brands from $5.00 to $3.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Newell Brands has an average rating of “Hold” and an average target price of $4.94.

Insider Buying and Selling at Newell Brands

In other news, insider Bradford R. Turner sold 100,000 shares of Newell Brands stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.60, for a total transaction of $360,000.00. Following the completion of the sale, the insider directly owned 464,449 shares in the company, valued at approximately $1,672,016.40. This trade represents a 17.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kristine Kay Malkoski sold 10,850 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 202,750 shares of company stock valued at $812,397. 1.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Glenmede Trust Co. NA boosted its holdings in shares of Newell Brands by 41.8% during the first quarter. Glenmede Trust Co. NA now owns 37,969 shares of the company’s stock worth $130,000 after purchasing an additional 11,187 shares during the last quarter. Bank of America Corp DE increased its stake in Newell Brands by 40.0% in the first quarter. Bank of America Corp DE now owns 1,122,742 shares of the company’s stock valued at $3,851,000 after purchasing an additional 320,770 shares during the last quarter. Kentucky Retirement Systems acquired a new position in Newell Brands in the first quarter valued at $769,000. Bull Harbor Capital LLC purchased a new position in Newell Brands during the first quarter worth about $78,000. Finally, Amundi boosted its stake in Newell Brands by 260.3% in the 1st quarter. Amundi now owns 37,595 shares of the company’s stock worth $129,000 after buying an additional 27,162 shares during the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

About Newell Brands

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.