Newell Brands Rises on Incredible Sales Growth

Debra Rodriguez | 09 May, 2017, 03:55

We believe this transformative value creation story is unique to Newell Brands given our leading brand positions in large global categories, the inherent opportunities presented through the new scale of the company, the investments we are making in new capabilities and the strong cash generative nature of our businesses. Zions Bancorporation raised its stake in Newell Brands by 1.6% in the fourth quarter.

Clinton Group Inc increased Newell Brands Inc (NWL) stake by 962.31% reported in 2016Q4 SEC filing.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

Newell Brands Inc. (NWL) now has a consensus Price Target of $57.29. About 286,966 shares traded. The Stock now has the market capitalization of $22.23 Billion, P/E (price to earnings ttm) of 39.58 and Weekly volatility of 2.26% and monthly volatility of 1.60% respectively. The firm's 50 day moving average price is $47.14 and its 200 day moving average price is $47.44. Year to date, Newell Brands registers a 15.8% gain. The Illinois-based North Star Investment Management Corp. has invested 0.15% in the stock.

The company recorded first quarter normalized earnings of $ 163.60 million or $ 0.34 per share, while analysts from Thomson Reuters expected income of $ 0.29 per share.

In the first quarter, the Live segment generated net sales of $1.1 billion, an increase of 231.5% compared with $322 million in the prior year. The Jag Capital Management Llc holds 183,911 shares with $9.51 million value, up from 162,934 last quarter.

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Analysts gives Newell Brands Inc (NYSE:NWL) a mean recommendation of 1.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. 0 analysts call it Underweight, while 1 think it is Overweight.

Newell set its quarterly dividend at 23 cents per share, up 21 percent from the earlier payout. Newell Brands's payout ratio is 64.96%. Wells Fargo reinitiated Newell Brands Inc (NYSE:NWL) on Tuesday, November 15 with "Outperform" rating. If you are reading this report on another domain, it was illegally copied and reposted in violation of global trademark and copyright laws. Earnings per share serves as an indicator of a company's profitability. Zacks Investment Research upgraded shares of Newell Brands from a "hold" rating to a "buy" rating and set a $53.00 price target for the company in a report on Tuesday, January 17th.

NWL has a 1-year high price of $ 54.82 and 1-year low price of $43.25. Jefferies maintained the stock with "Hold" rating in Tuesday, June 14 report. Stock exchanged hands with the total volume of 4.00 Million shares, as contrast to its average volume of 3.17 Million shares. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

On 3/14/2017 Martin E Franklin, Director, sold 340,000 with an average share price of $48.34 per share and the total transaction amounting to $16,435,600.00. Gerstein Fisher now owns 7,883 shares of the company's stock worth $415,000 after buying an additional 205 shares in the last quarter. Also, Director Raymond G. Viault sold 5,353 shares of the firm's stock in a transaction that occurred on Tuesday, February 7th. The disclosure for this sale can be found here. The stock has dropped slightly more than 1 percent in the last 12 months. The commercial products marketer reported net income of $40.5 million in the same period of 2016. The Company's divisions include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions.

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Newell Brands Rises on Incredible Sales Growth

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