Analysts Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Price Target at $100.75

Spectrum Brands Holdings, Inc. (NYSE:SPB) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $100.75.

A number of research analysts have recently commented on SPB shares. Canaccord Genuity Group lifted their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, UBS Group reduced their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th.

Spectrum Brands Price Performance

SPB opened at $82.07 on Friday. Spectrum Brands has a one year low of $77.73 and a one year high of $96.74. 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’s 50 day simple moving average is $87.43 and its 200-day simple moving average is $89.21. The stock has a market capitalization of $2.24 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business had revenue of $773.70 million during the quarter, compared to analyst estimates of $747.80 million. During the same quarter in the prior year, the company earned $1.36 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts anticipate that Spectrum Brands will post 5.17 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were paid a $0.47 dividend. This is a boost from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, November 26th. This represents a $1.88 annualized dividend and a yield of 2.29%. Spectrum Brands’s payout ratio is 46.08%.

Institutional Trading of Spectrum Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Waldron Private Wealth LLC acquired a new position in shares of Spectrum Brands in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in shares of Spectrum Brands in the 3rd quarter valued at approximately $31,000. International Assets Investment Management LLC raised its position 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 valued at $45,000 after buying an additional 471 shares in the last quarter. Quarry LP raised its position in shares of Spectrum Brands by 375.0% in the 2nd quarter. Quarry LP now owns 570 shares of the company’s stock valued at $49,000 after buying an additional 450 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Spectrum Brands by 92.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after buying an additional 261 shares in the last quarter.

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.