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

Spectrum Brands Holdings, Inc. (NYSE:SPBGet Free Report) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $102.13.

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

Get Our Latest Report on Spectrum Brands

Spectrum Brands Stock Down 1.4 %

Shares of NYSE SPB opened at $83.56 on Tuesday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. Spectrum Brands has a 52 week low of $75.50 and a 52 week high of $96.74. The firm has a 50-day moving average price of $89.28 and a 200 day moving average price of $89.08. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26.

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

Spectrum Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.25%. Spectrum Brands’s payout ratio is 46.08%.

Hedge Funds Weigh In On Spectrum Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its position in shares of Spectrum Brands by 24.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company’s stock worth $104,000 after purchasing an additional 240 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Spectrum Brands by 92.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after buying an additional 261 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in Spectrum Brands in the 3rd quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in shares of Spectrum Brands during the third quarter valued at about $31,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in Spectrum Brands by 1.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company’s stock worth $2,043,000 after purchasing an additional 345 shares during the last quarter.

About Spectrum Brands

(Get Free Report

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.

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Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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