Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $101.88.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their target price on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Friday, August 9th. UBS Group lifted their target price on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Canaccord Genuity Group reduced their target price on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, July 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Spectrum Brands by 1,615.8% in the 1st quarter. BNP Paribas Financial Markets now owns 55,831 shares of the company’s stock valued at $4,970,000 after acquiring an additional 52,577 shares during the period. First Eagle Investment Management LLC raised its position in Spectrum Brands by 154.7% during the 1st quarter. First Eagle Investment Management LLC now owns 126,100 shares of the company’s stock worth $11,224,000 after buying an additional 76,600 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Spectrum Brands by 50.5% during the first quarter. Gamco Investors INC. ET AL now owns 231,933 shares of the company’s stock worth $20,644,000 after purchasing an additional 77,835 shares in the last quarter. Capstone Investment Advisors LLC lifted its holdings in shares of Spectrum Brands by 369.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 13,298 shares of the company’s stock valued at $1,184,000 after buying an additional 10,464 shares during the period. Finally, TCW Group Inc. lifted its holdings in Spectrum Brands by 25.2% in the second quarter. TCW Group Inc. now owns 126,861 shares of the company’s stock valued at $10,901,000 after acquiring an additional 25,551 shares during the period.

Spectrum Brands Trading Up 0.2 %

NYSE SPB opened at $89.49 on Friday. The stock has a 50 day moving average of $91.76 and a 200-day moving average of $88.29. Spectrum Brands has a 12 month low of $65.27 and a 12 month high of $96.74. The company has a market cap of $2.51 billion, a PE ratio of 25.28, a PEG ratio of 0.25 and a beta of 1.22. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The business had revenue of $779.40 million during the quarter, compared to analyst estimates of $750.97 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Spectrum Brands will post 4.76 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, August 27th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, August 27th. Spectrum Brands’s payout ratio is presently 47.46%.

About Spectrum Brands

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.