Spectrum Brands Holdings, Inc. (NYSE:SPB) Receives $101.88 Consensus Target Price from Analysts

Spectrum Brands Holdings, Inc. (NYSE:SPB) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $102.38.

Several equities analysts have recently weighed in on SPB shares. Wells Fargo & Company lifted their target price on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, August 9th. UBS Group upped 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 raised their price objective on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Monday.

Institutional Investors Weigh In On Spectrum Brands

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in shares of Spectrum Brands by 5.7% during the 1st quarter. Russell Investments Group Ltd. now owns 54,154 shares of the company’s stock valued at $4,820,000 after buying an additional 2,927 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Spectrum Brands during the 1st quarter worth about $42,000. CANADA LIFE ASSURANCE Co grew its position in shares of Spectrum Brands by 19.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 44,827 shares of the company’s stock valued at $3,995,000 after purchasing an additional 7,227 shares during the period. Natixis raised its stake in Spectrum Brands by 402.5% during the first quarter. Natixis now owns 28,589 shares of the company’s stock worth $2,545,000 after purchasing an additional 22,900 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Spectrum Brands by 50.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 231,933 shares of the company’s stock valued at $20,644,000 after purchasing an additional 77,835 shares during the last quarter.

Spectrum Brands Price Performance

Shares of SPB opened at $88.94 on Monday. The stock’s 50-day moving average price is $91.50 and its two-hundred day moving average price is $89.62. The company has a current ratio of 2.30, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.49 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 0.25 and a beta of 1.23. Spectrum Brands has a 1 year low of $65.27 and a 1 year high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.16). The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. On average, equities analysts predict that Spectrum Brands will post 6.12 earnings per share for the current year.

Spectrum Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be issued a $0.47 dividend. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.11%. Spectrum Brands’s dividend payout ratio (DPR) is 41.18%.

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.