Spectrum Brands Holdings, Inc. (NYSE:SPB) Receives $102.38 Consensus PT from Analysts

Spectrum Brands Holdings, Inc. (NYSE:SPB) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $102.13.

SPB has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company lowered their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th.

Institutional Investors Weigh In On Spectrum Brands

Hedge funds have recently made changes to their positions in the business. Waldron Private Wealth LLC acquired a new stake in shares of Spectrum Brands during the third quarter worth $27,000. Brooklyn Investment Group acquired a new stake in shares of Spectrum Brands in the 3rd quarter worth $31,000. International Assets Investment Management LLC boosted its holdings in shares of Spectrum Brands by 9,420.0% in the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after acquiring an additional 471 shares in the last quarter. Quarry LP increased its stake in shares of Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after acquiring an additional 450 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Spectrum Brands during the second quarter worth about $50,000.

Spectrum Brands Price Performance

SPB stock opened at $83.56 on Tuesday. Spectrum Brands has a 1 year low of $75.50 and a 1 year high of $96.74. The firm has a market capitalization of $2.34 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The business has a 50 day simple moving average of $89.28 and a 200-day simple moving average of $89.08.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). The firm had revenue of $773.70 million for the quarter, compared to analysts’ expectations of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 EPS. Equities research analysts anticipate that Spectrum Brands will post 5.25 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 dividend on an annualized basis and a yield of 2.25%. Spectrum Brands’s payout ratio is currently 46.08%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.