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

Spectrum Brands Holdings, Inc. (NYSE:SPB) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $102.13.

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

Spectrum Brands Trading Up 0.8 %

Spectrum Brands stock opened at $84.62 on Tuesday. Spectrum Brands has a one year low of $75.50 and a one year high of $96.74. The company’s fifty day moving average price is $89.43 and its two-hundred day moving average price is $89.09. 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 company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.58 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The firm had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. During the same period in the prior year, the business earned $1.36 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts forecast that Spectrum Brands will post 5.25 earnings per share 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. This is a boost from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.22%. The ex-dividend date was Tuesday, November 26th. Spectrum Brands’s dividend payout ratio (DPR) is 46.08%.

Hedge Funds Weigh In On Spectrum Brands

A number of hedge funds have recently made changes to their positions in the business. Waldron Private Wealth LLC acquired a new stake in Spectrum Brands in the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of Spectrum Brands in the 3rd quarter valued at $31,000. International Assets Investment Management LLC grew its holdings in shares of Spectrum Brands by 9,420.0% in 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 last quarter. Quarry LP increased its position in shares of Spectrum Brands by 375.0% during the 2nd quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after purchasing an additional 450 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Spectrum Brands during the 2nd quarter valued at about $50,000.

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.