New York-based investment firm, B.O.S.S. Retirement Advisors LLC, has recently acquired a new stake in consumer goods company Newell Brands Inc. The acquisition was disclosed in the firm’s 13F filing with the Securities and Exchange Commission for the second quarter. According to the filing, B.O.S.S. Retirement Advisors purchased 169,972 shares of Newell Brands’ stock, with an estimated value of approximately $1,479,000.
Newell Brands (NASDAQ:NWL) is a well-known name in the consumer goods industry. The company offers a wide range of products across various categories including home furnishings, office supplies, sporting goods, and baby products. Some of its popular brands include Rubbermaid, Sharpie, Paper Mate, Yankee Candle, and Graco.
In its most recent earnings report on July 28th, Newell Brands announced an earnings per share (EPS) of $0.24 for the quarter. This figure surpassed market expectations by $0.11 per share. The company also reported a positive return on equity of 10.33%, demonstrating its ability to generate value for shareholders.
Despite facing challenges like negative net margins of 3.53%, Newell Brands managed to achieve revenue of $2.20 billion for the quartera figure that exceeded the consensus estimate by $50 million.
Equity analysts predict that Newell Brands Inc. will post an EPS of 0.85 for the current fiscal year.
This latest investment move by B.O.S.S Retirement Advisors LLC indicates their confidence in Newell Brands potential for growth and profitability in the future.
Investors and analysts have been closely watching Newell Brands’ performance as it continues to navigate changing market dynamics and consumer preferences. The company has been focused on streamlining its operations and portfolio through strategic divestitures and acquisitions to enhance shareholder value.
As consumers continue to evolve in their preferences and purchasing habits, companies like Newell Brands play a crucial role in adapting to these changes and meeting the demands of the market. By offering a diverse range of trusted brands, the company has positioned itself to cater to consumers across multiple segments.
In conclusion, B.O.S.S Retirement Advisors LLC’s recent acquisition reflects the confidence they have in Newell Brands’ future prospects. With its strong portfolio of well-known brands and a track record of generating value for shareholders, Newell Brands remains a player to watch in the consumer goods industry.
Investors and analysts will continue to monitor the company’s performance and strategic initiatives as it strives to maintain its competitive edge in an ever-changing market landscape.
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Newell Brands Inc: Recent Stakeholder Changes and Analyst Opinions Spark Curiosity and Uncertainty
Newell Brands Inc. (NASDAQ:NWL) has been experiencing some interesting developments lately, as various hedge funds and institutional investors are making changes to their positions in the company. The influx of new stakeholders has sparked a sense of curiosity among industry experts and analysts.
Fairfield Bush & CO. recently acquired a new position in Newell Brands during the first quarter of this year, with shares worth approximately $26,000. This move by Fairfield Bush & CO. has left many perplexed but curious about their intentions and strategy regarding their investment in Newell Brands.
Another significant change occurred when CWM LLC raised its holdings in Newell Brands by 43.5% during the first quarter. The company now owns 3,297 shares of Newell Brands’ stock valued at $41,000 after purchasing an additional 999 shares in the last quarter. This sudden increase in holdings raises questions about CWM LLC’s outlook on the company’s future prospects and its overall investment strategy.
Delta Asset Management LLC TN also bought a new stake in Newell Brands during the fourth quarter with shares worth about $44,000. Similarly, Eagle Bay Advisors LLC raised its holdings by 69.0% in the first quarter, now owning 3,751 shares worth $47,000 after purchasing an additional 1,532 shares.
ING Groep NV also joined the list of investors buying a new stake in Newell Brands during the first quarter for approximately $49,000. These recent investments have led to institutional investors and hedge funds currently owning around 91.53% of the stock.
The market dynamics surrounding Newell Brands are equally intriguing. The company’s shares on NASDAQ opened at $9.49 on September 15th a figure that warrants further analysis considering recent market trends and movements.
Moreover, analysts have noted that Newell Brand’s fifty-day moving average is $10.36 while its two-hundred-day moving average is $10.32. This information adds an extra layer of complexity to the situation, as investors try to decipher potential patterns and trends in the company’s stock performance.
Additionally, Newell Brands has a current ratio of 1.25 and a quick ratio of 0.62. Its debt-to-equity ratio stands at 1.43 figures that add even more confusion to the mix.
However, it is important to note that Newell Brands’ market capitalization currently stands at $3.93 billion, with a P/E ratio of -12.82 and a beta of 1.00.
Another point of interest for investors is Newell Brands’ recent declaration of a quarterly dividend, which was paid on September 15th. Stockholders of record as of August 31st received a dividend of $0.07 per share. This represents an annualized dividend of $0.28 per share and a dividend yield of 2.95%. The ex-dividend date for this payout was August 30th.
Considering these various factors, it becomes clear why analysts have expressed their opinions on Newell Brands recently. Raymond James dropped their target price on the stock from $15.00 to $13.00 but maintained their “strong-buy” rating in a report published on July 24th.
On the other hand, StockNews.com downgraded Newell Brands from a “hold” rating to a “sell” rating in a report released on September 11th, causing further confusion among investors.
Canaccord Genuity Group, however, took a positive stance by boosting their target price on Newell Brands from $13.00 to $16.00 while giving it a “buy” rating in their report issued on July 31st.
Deutsche Bank Aktiengesellschaft also had some encouraging words regarding Newell Brands when they increased their target price from $9.00 to $11.00 in their report on July 31st.
Barclays, however, differed in their opinion and lowered their price target on Newell Brands from $10.00 to $9.00, while labeling the stock as “underweight” in their report published on July 20th.
In conclusion, Newell Brands’ recent developments have left many puzzled and curious about the company’s future trajectory. With multiple stakeholders making changes to their positions and a diverse range of opinions from analysts, the situation remains uncertain. It will be interesting for investors and industry observers to closely monitor Newell Brands’ performance in the coming months as more information unfolds.
