Could Newell Brands Inc Lose Strenght? Option Traders Don’t Think So

 Could Newell Brands Inc Lose Strenght? Option Traders Don't Think So

In today’s session Newell Brands Inc (NWL) registered an unusually high (456) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious NWL increase. With 456 contracts traded and 25054 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: NWL161021C00052500 closed last at: $0.35 or 75% up. About 678,523 shares traded hands. Newell Brands Inc (NYSE:NWL) has risen 26.63% since March 11, 2016 and is uptrending. It has outperformed by 21.17% the S&P500.

Analysts await Newell Brands Inc (NYSE:NWL) to report earnings on November, 4. They expect $0.73 earnings per share, up 17.74% or $0.11 from last year’s $0.62 per share. NWL’s profit will be $356.77M for 18.08 P/E if the $0.73 EPS becomes a reality. After $0.78 actual earnings per share reported by Newell Brands Inc for the previous quarter, Wall Street now forecasts -6.41% negative EPS growth.

Newell Brands Inc (NYSE:NWL) Ratings Coverage

Out of 11 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. $60 is the highest target while $36 is the lowest. The $52 average target is -1.50% below today’s ($52.79) stock price. Newell Rubbermaid Inc. has been the topic of 18 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “” rating by B. Riley & Co given on Thursday, October 1. The company was maintained on Monday, May 2 by UBS. RBC Capital Markets maintained the shares of NWL in a report on Monday, August 3 with “Outperform” rating. The rating was upgraded by Piper Jaffray on Tuesday, December 15 to “Overweight”. The rating was initiated by Gabelli with “Buy” on Monday, February 8. The stock of Newell Brands Inc (NYSE:NWL) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 8. The rating was maintained by B. Riley & Co on Monday, May 2 with “Buy”. The firm has “Top Pick” rating by RBC Capital Markets given on Wednesday, December 16. Deutsche Bank maintained it with “Buy” rating and $52 target price in Monday, May 2 report. The firm has “Buy” rating given on Monday, September 28 by Jefferies.

According to Zacks Investment Research, “Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, like Paper Mate, Sharpie, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid, Contigo and many others. The company is based in Atlanta, Georgia and was formerly known as Newell Rubbermaid.”

Insitutional Activity: The institutional sentiment increased to 3.35 in 2016 Q2. Its up 2.26, from 1.09 in 2016Q1. The ratio improved, as 31 funds sold all Newell Brands Inc shares owned while 101 reduced positions. 165 funds bought stakes while 277 increased positions. They now own 872.10 million shares or 192.27% more from 298.39 million shares in 2016Q1.
Loring Wolcott Coolidge Fiduciary Advisors Llp Ma last reported 0.01% of its portfolio in the stock. Banque Pictet And Cie Sa accumulated 0.34% or 260,691 shares. Moreover, Barclays Public Limited Company has 0% invested in Newell Brands Inc (NYSE:NWL) for 63,151 shares. The Texas-based Argent Tru has invested 0.11% in Newell Brands Inc (NYSE:NWL). Grantham Mayo Van Otterloo And Com Lc has 95,654 shares for 0.02% of their US portfolio. Private Advisor Grp Limited Liability Company last reported 0.02% of its portfolio in the stock. Headinvest Ltd last reported 44,160 shares in the company. Moreover, Tci Wealth Advsrs has 0.01% invested in Newell Brands Inc (NYSE:NWL) for 274 shares. Condor Mngmt has invested 0.25% of its portfolio in Newell Brands Inc (NYSE:NWL). The Connecticut-based Aqr Cap Ltd Llc has invested 0% in Newell Brands Inc (NYSE:NWL). Amica Retiree Med Tru owns 2,188 shares or 0.09% of their US portfolio. Accredited Inc last reported 0.07% of its portfolio in the stock. Fmr Limited Liability has 0.07% invested in the company for 11.13 million shares. Wellington Management Gru Ltd Liability Partnership accumulated 4.23M shares or 0.05% of the stock. First Eagle Investment Ltd Co, a New York-based fund reported 252,040 shares.

Insider Transactions: Since May 2, 2016, the stock had 3 insider buys, and 4 insider sales for $3.71 million net activity. DE SOLE DOMENICO bought $199,762 worth of stock. The insider VIAULT RAYMOND G bought 5,500 shares worth $254,815. On Friday, May 13 Stipancich John K sold $1.04 million worth of the stock or 21,982 shares. Burke William A III sold 34,882 shares worth $1.64 million.

Newell Brands Inc, formerly Newell Rubbermaid Inc., is a global consumer goods company. The company has a market cap of $25.80 billion. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. It has a 81.37 P/E ratio. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

NWL Company Profile

Newell Brands Inc, formerly Newell Rubbermaid Inc., is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

More notable recent Newell Brands Inc (NYSE:NWL) news were published by: Seekingalpha.com which released: “Newell Brands’ Tool Divestiture: Reducing Leverage Without Diluting Earnings” on October 13, 2016, also Bloomberg.com with their article: “Stanley Black & Decker to Buy Newell Tools for $1.95 Billion” published on October 12, 2016, Businesswire.com published: “Newell Brands to Webcast Third Quarter 2016 Earnings Results” on October 10, 2016. More interesting news about Newell Brands Inc (NYSE:NWL) were released by: Marketwatch.com and their article: “Newell Brands unveils strategic overhaul, including sale of 10% of its portfolio” published on October 04, 2016 as well as Schaeffersresearch.com‘s news article titled: “Buzz Stocks: Ericsson, Newell Brands Inc, and IntelliPharmaCeutics Intl Inc (USA)” with publication date: October 12, 2016.

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