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

Spectrum Brands Holdings, Inc. (NYSE:SPB) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $101.88.

A number of equities analysts recently weighed in on SPB shares. Canaccord Genuity Group lowered their price target on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a research report on Monday, July 1st. UBS Group boosted their price target on shares of Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company boosted their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th.

Hedge Funds Weigh In On Spectrum Brands

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Spectrum Brands by 1,615.8% in the 1st quarter. BNP Paribas Financial Markets now owns 55,831 shares of the company’s stock worth $4,970,000 after acquiring an additional 52,577 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Spectrum Brands by 154.7% in the 1st quarter. First Eagle Investment Management LLC now owns 126,100 shares of the company’s stock worth $11,224,000 after acquiring an additional 76,600 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings 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 worth $20,644,000 after acquiring an additional 77,835 shares during the last quarter. Capstone Investment Advisors LLC lifted its holdings in shares of Spectrum Brands by 369.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 13,298 shares of the company’s stock worth $1,184,000 after acquiring an additional 10,464 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of Spectrum Brands by 25.2% in the 2nd quarter. TCW Group Inc. now owns 126,861 shares of the company’s stock worth $10,901,000 after acquiring an additional 25,551 shares during the last quarter.

Spectrum Brands Stock Down 0.4 %

SPB stock opened at $89.14 on Friday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 1.80, a P/E/G ratio of 0.25 and a beta of 1.22. The firm has a 50-day simple moving average of $91.83 and a 200-day simple moving average of $88.24. The company has a quick ratio of 1.61, a current ratio of 2.28 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 released its earnings results on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). The company had revenue of $779.40 million for the quarter, compared to analysts’ expectations of $750.97 million. Spectrum Brands had a return on equity of 6.84% and a net margin of 3.86%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. Equities analysts forecast that Spectrum Brands will post 4.78 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, August 27th were issued a $0.42 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $1.68 annualized dividend and a yield of 1.88%. Spectrum Brands’s payout ratio is 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.