Traders Buy Large Volume of Call Options on Newell Brands (NASDAQ:NWL)

Newell Brands Inc. (NASDAQ:NWL) saw unusually large options trading on Thursday. Stock investors purchased 63,054 call options on the company. This represents an increase of approximately 4,043% compared to the average volume of 1,522 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. UBS Group reiterated a “neutral” rating on shares of Newell Brands in a report on Thursday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Zacks Research upgraded shares of Newell Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $5.75 price objective on shares of Newell Brands in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.66.

Newell Brands Price Performance

NASDAQ:NWL traded down $0.13 during trading hours on Thursday, reaching $5.08. The stock had a trading volume of 12,522,290 shares, compared to its average volume of 7,570,058. The stock has a market capitalization of $2.16 billion, a PE ratio of -9.58, a PEG ratio of 1.32 and a beta of 0.88. Newell Brands has a 52 week low of $3.07 and a 52 week high of $7.13. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11. The company has a 50 day moving average price of $5.71 and a two-hundred day moving average price of $4.82.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.22. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. As a group, sell-side analysts anticipate that Newell Brands will post 0.76 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.5%. Newell Brands’s dividend payout ratio is presently -52.83%.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford Turner sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the sale, the insider owned 433,398 shares of the company’s stock, valued at $2,669,731.68. This trade represents a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Newell Brands during the second quarter worth $436,133,000. Pzena Investment Management LLC purchased a new stake in Newell Brands during the 2nd quarter valued at approximately $294,663,000. Primecap Management Co. CA purchased a new stake in shares of Newell Brands in the second quarter valued at about $36,003,000. Bank of New York Mellon Corp purchased a new stake in shares of Newell Brands during the 2nd quarter worth $15,135,000. Finally, Rubric Capital Management LP boosted its position in Newell Brands by 17.4% during the first quarter. Rubric Capital Management LP now owns 15,257,431 shares of the company’s stock worth $52,333,000 after purchasing an additional 2,257,431 shares in the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Company Profile

Newell Brands Inc is a global consumer products company that designs, manufactures and markets products used in homes, workplaces and outdoor settings. Its portfolio includes well-known brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Crock-Pot, Mr. Coffee, FoodSaver, Calphalon, Elmer’s and Sistema.

The company’s products span food and home storage, cookware and small kitchen appliances, writing instruments and other learning supplies, baby and parenting products, outdoor and recreation equipment, home fragrance, and commercial products.