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

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $101.88.

Several equities research analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $114.00 target price on shares of Spectrum Brands in a report on Friday, June 7th. Wells Fargo & Company lifted their price target on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” 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 research note on Friday, August 9th. Canaccord Genuity Group decreased their target price on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Monday, July 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, August 9th.

Institutional Trading of Spectrum Brands

A number of hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in 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 buying an additional 52,577 shares during the period. First Eagle Investment Management LLC increased its holdings 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 valued at $11,224,000 after purchasing an additional 76,600 shares in the last quarter. Redwood Investment Management LLC boosted its stake in Spectrum Brands by 273.6% in the fourth quarter. Redwood Investment Management LLC now owns 76,092 shares of the company’s stock worth $6,070,000 after purchasing an additional 55,727 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Spectrum Brands by 50.5% in 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. Finally, Capstone Investment Advisors LLC grew its holdings in shares of Spectrum Brands by 369.2% during the first quarter. Capstone Investment Advisors LLC now owns 13,298 shares of the company’s stock worth $1,184,000 after purchasing an additional 10,464 shares during the last quarter.

Spectrum Brands Price Performance

Shares of NYSE:SPB opened at $93.23 on Tuesday. The firm’s 50 day moving average is $88.98 and its two-hundred day moving average is $87.34. The firm has a market capitalization of $2.61 billion, a P/E ratio of 1.89, a PEG ratio of 0.33 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 has a 52 week low of $65.27 and a 52 week high of $96.74.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing the consensus estimate 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 prior year, the business earned $0.75 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that Spectrum Brands will post 4.78 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, August 27th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.80%. The ex-dividend date is Tuesday, August 27th. Spectrum Brands’s dividend payout ratio is currently 3.40%.

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.