Newell Brands Inc. (NASDAQ: NWL) stock fell -2.87% on Thursday to $8.46 against a previous-day closing price of $8.71. With 5.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.63 million shares. During the session, the Household & Personal Products company that operates in wider Consumer Defensive sector, reached to the highest price of $8.74 whereas the lowest price it dropped to was $8.40. The 52-week range on NWL shows that it touched its highest point at $21.88 and its lowest point at $8.52 during that stretch. It currently has a 1-year price target of $14.18. With its current market cap of 3.62 billion, NWL has annualized dividend of $0.28 while the current yield stands at 3.31%. Beta for the stock currently stands at 0.96.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NWL was down-trending over the past week, with a drop of -5.79%, but this was down by -28.67% over a month. Three-month performance dropped to -41.86% while six-month performance fell -35.22%. The stock lost -55.07% in the past year, while it has lost -35.32% so far this year. A look at the trailing 12-month EPS for NWL yields -0.33 with Next year EPS estimates of 1.29. For the next quarter, that number is 0.14. This implies an EPS growth rate of -67.50% for this year and 32.17% for next year. EPS is expected to decline by -1.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.60%.
Float and Shares Shorts:
At present, 413.90 million NWL shares are outstanding with a float of 411.41 million shares on hand for trading. On May 14, 2023, short shares totaled 28.63 million, which was 6.91% higher than short shares on Apr 13, 2023. In addition to Mr. Christopher H. Peterson as the firm’s Pres, CEO & Director, Mr. Bradford R. Turner serves as its Chief Legal & Admin. Officer and Corp. Sec.
Institutional Ownership:
Through their ownership of 96.41% of NWL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.87% of NWL, in contrast to 42.09% held by mutual funds. Shares owned by individuals account for 10.66%. As the largest shareholder in NWL with 12.28% of the stake, Pzena Investment Management LLC holds 50,805,079 shares worth 50,805,079. A second-largest stockholder of NWL, The Vanguard Group, Inc., holds 42,802,720 shares, controlling over 10.35% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in NWL, holding 31,071,681 shares or 7.51% stake. With a 2.87% stake in NWL, the Vanguard Windsor Funds – Vanguard is the largest stakeholder. A total of 11,866,202 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.80% of NWL stock, is the second-largest Mutual Fund holder. It holds 11,565,831 shares valued at 140.52 million. iShares Tr. – Select Dividend ETF holds 2.51% of the stake in NWL, owning 10,367,610 shares worth 125.97 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, NWL reported revenue of $2.53B and operating income of $321.00M. The EBITDA in the recently reported quarter was $384.00M and diluted EPS was $0.49.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NWL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NWL analysts setting a high price target of $20.00 and a low target of $10.00, the average target price over the next 12 months is $14.17. Based on these targets, NWL could surge 136.41% to reach the target high and rise by 18.2% to reach the target low. Reaching the average price target will result in a growth of 67.49% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, NWL has a current ratio of $0.28, which is $0.28 over the trailing 12-months, while a dividend of $0.92 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NWL currently yields $10.87. In the past year, NWL’s dividend yield has been $10.87, but when looking at the stock over the past five years, its yield has been $5.05. Accordingly, NWL has a current buyback yield of $1.43. This was $1.43 for the TTM.
Summary of Insider Activity:
Insiders traded NWL stock several times over the past three months with 5 Buys and 1 Sells. In these transactions, 190,471 shares were bought while 4,048 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 498,452 while 1,109,131 shares were sold.
