Newell Brands Inc (NWL) Short Interest Update

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Newell Brands Inc (NYSE:NWL) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 52,385,486 shares, an increase of 8.2% from the September 28th total of 48,412,463 shares. Based on an average trading volume of 8,136,938 shares, the short-interest ratio is currently 6.4 days. Approximately 11.2% of the company’s stock are short sold.

Shares of Newell Brands stock opened at $15.88 on Thursday. The company has a market capitalization of $7.39 billion, a PE ratio of 5.77, a P/E/G ratio of 3.60 and a beta of 0.60. Newell Brands has a 52 week low of $15.11 and a 52 week high of $41.31. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.74.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Monday, August 6th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $3.83 billion. Newell Brands had a return on equity of 9.58% and a net margin of 16.39%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. On average, equities research analysts predict that Newell Brands will post 0.86 earnings per share for the current fiscal year.

In other news, CEO Michael B. Polk purchased 10,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were acquired at an average price of $20.63 per share, for a total transaction of $206,300.00. Following the completion of the acquisition, the chief executive officer now owns 941,951 shares in the company, valued at $19,432,449.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James Craigie purchased 11,500 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was purchased at an average price of $21.33 per share, for a total transaction of $245,295.00. Following the acquisition, the director now owns 14,081 shares of the company’s stock, valued at approximately $300,347.73. The disclosure for this purchase can be found here. 0.97% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Northwest Wealth Management LLC increased its position in shares of Newell Brands by 5,180.7% during the second quarter. Northwest Wealth Management LLC now owns 4,383 shares of the company’s stock valued at $113,000 after acquiring an additional 4,300 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Newell Brands during the third quarter valued at approximately $108,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $146,000. Qube Research & Technologies Ltd purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $149,000. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Newell Brands during the second quarter valued at approximately $151,000. 97.83% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on NWL. Citigroup set a $25.00 price target on Newell Brands and gave the stock a “buy” rating in a report on Wednesday. Bank of America increased their price target on Newell Brands from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, July 16th. BMO Capital Markets cut their price target on Newell Brands from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, August 8th. Deutsche Bank cut their price target on Newell Brands to $23.00 and set a “hold” rating on the stock in a report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded Newell Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Newell Brands has a consensus rating of “Hold” and an average target price of $27.81.

Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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