Brokerages Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Price Target at $102.38

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $102.38.

Separately, Canaccord Genuity Group raised their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPB. Waldron Private Wealth LLC purchased a new position in shares of Spectrum Brands during the third quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in Spectrum Brands during the 3rd quarter worth $31,000. International Assets Investment Management LLC boosted its stake in Spectrum Brands by 9,420.0% during the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC grew its position in Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after purchasing an additional 261 shares during the last quarter. Finally, Quarry LP increased its stake in Spectrum Brands by 375.0% in the second quarter. Quarry LP now owns 570 shares of the company’s stock valued at $49,000 after purchasing an additional 450 shares during the period.

Spectrum Brands Stock Down 0.8 %

SPB stock opened at $85.56 on Friday. The company’s 50 day moving average price is $91.25 and its 200 day moving average price is $89.65. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.58 and a beta of 1.19. Spectrum Brands has a fifty-two week low of $75.50 and a fifty-two week high of $96.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). The firm had revenue of $773.70 million during 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 company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were given a $0.47 dividend. The ex-dividend date was Tuesday, November 26th. This is a boost 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 2.20%. Spectrum Brands’s dividend payout ratio is 46.08%.

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.