After Today’s Bullish Options Activity, Is Newell Brands Inc’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Newell Brands Inc's Near Term Analysis Positive?

In today’s session Newell Brands Inc (NWL) registered an unusually high (155) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious NWL increase. With 155 contracts traded and 5374 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: NWL170317C00052500 closed last at: $1 or 0% . About 253,524 shares traded hands. Newell Brands Inc (NYSE:NWL) has risen 8.59% since April 22, 2016 and is uptrending. It has outperformed by 3.18% the S&P500.

Analysts await Newell Brands Inc (NYSE:NWL) to report earnings on February, 3. They expect $0.80 EPS, up 42.86% or $0.24 from last year’s $0.56 per share. NWL’s profit will be $386.50M for 15.10 P/E if the $0.80 EPS becomes a reality. After $0.78 actual EPS reported by Newell Brands Inc for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

Newell Brands Inc (NYSE:NWL) Ratings Coverage

Out of 12 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. Newell Rubbermaid Inc. has been the topic of 20 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Strong Buy” rating given on Tuesday, November 8 by Raymond James. The firm earned “Mkt Perform” rating on Tuesday, December 15 by Raymond James. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 3 report. The firm earned “Buy” rating on Wednesday, August 12 by UBS. Jefferies initiated it with “Buy” rating and $50 target price in Monday, September 28 report. The company was maintained on Monday, April 25 by Barclays Capital. The stock of Newell Brands Inc (NYSE:NWL) earned “Buy” rating by B. Riley & Co on Monday, May 2. Sterne Agee CRT initiated the shares of NWL in a report on Tuesday, July 21 with “Buy” rating. The stock of Newell Brands Inc (NYSE:NWL) has “Buy” rating given on Monday, May 2 by UBS. The firm earned “Buy” rating on Monday, February 8 by Gabelli.

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 decreased to 1.18 in 2016 Q2. Its down 2.17, from 3.35 in 2016Q1. The ratio turned negative, 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.
Mycio Wealth Prtn Limited Liability has 74 shares for 0% of their US portfolio. Argent Trust Company accumulated 6,995 shares or 0.11% of the stock. Trexquant Inv L P accumulated 0.09% or 14,240 shares. Moreover, Alta Limited Co has 0.02% invested in Newell Brands Inc (NYSE:NWL) for 7,847 shares. Vanguard Gp Inc has 0.13% invested in the company for 41.45 million shares. Loeb Ptnrs Corp accumulated 0.46% or 28,700 shares. Cambridge Invest Incorporated holds 0.01% or 11,007 shares in its portfolio. The Korea-based Mirae Asset Investments Ltd has invested 0.47% in Newell Brands Inc (NYSE:NWL). Welch And Forbes Ltd Company, a Massachusetts-based fund reported 99,820 shares. Voloridge Invest Mngmt Ltd Co last reported 11,790 shares in the company. Connable Office, a Michigan-based fund reported 68,822 shares. Pioneer Investment Mgmt, a Massachusetts-based fund reported 168,242 shares. Moreover, Da Davidson has 0% invested in Newell Brands Inc (NYSE:NWL) for 192 shares. Auxier Asset Mgmt reported 5,850 shares or 0.07% of all its holdings. Sheets Smith Wealth has 0.3% invested in the company for 21,050 shares.

Insider Transactions: Since June 2, 2016, the stock had 4 buys, and 0 selling transactions for $1.36 million net activity. $372,600 worth of shares were bought by POLK MICHAEL B on Monday, October 31. DE SOLE DOMENICO bought $199,762 worth of stock. 12,436 shares were bought by Tarchetti Mark, worth $598,793 on Monday, October 31.

Newell Brands Inc, formerly Newell Rubbermaid Inc., is a global consumer goods company. The company has a market cap of $23.34 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 89.82 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 recent Newell Brands Inc (NYSE:NWL) news were published by: Nasdaq.com which released: “Newell Brands Inc. (NWL) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Also Wsj.com published the news titled: “Newell Brands Earnings Beat Estimates” on October 28, 2016. Seekingalpha.com‘s news article titled: “Newell Brands, Inc. (NWL) CEO Michael Polk on Q3 2016 Results – Earnings Call …” with publication date: October 29, 2016 was also an interesting one.

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