Spectrum Brands Holdings Inc. (NYSE:SPB – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $87.00.
A number of research analysts recently commented on SPB shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $81.00 price target on shares of Spectrum Brands in a report on Friday, May 8th. Wall Street Zen cut Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Wells Fargo & Company upped their price objective on Spectrum Brands from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Canaccord Genuity Group dropped their target price on Spectrum Brands from $100.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Finally, Weiss Ratings raised Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th.
Read Our Latest Stock Report on Spectrum Brands
Insiders Place Their Bets
Hedge Funds Weigh In On Spectrum Brands
A number of large investors have recently made changes to their positions in SPB. ProShare Advisors LLC raised its position in Spectrum Brands by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 4,721 shares of the company’s stock worth $279,000 after purchasing an additional 140 shares during the period. Federated Hermes Inc. grew its stake in shares of Spectrum Brands by 1.3% during the fourth quarter. Federated Hermes Inc. now owns 12,048 shares of the company’s stock valued at $712,000 after buying an additional 157 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Spectrum Brands by 96.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock valued at $37,000 after buying an additional 310 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Spectrum Brands by 111.7% in the fourth quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock worth $38,000 after buying an additional 335 shares during the period. Finally, CWM LLC raised its holdings in shares of Spectrum Brands by 58.2% in the fourth quarter. CWM LLC now owns 1,237 shares of the company’s stock worth $73,000 after buying an additional 455 shares during the period.
Spectrum Brands Trading Up 2.5%
SPB stock opened at $89.89 on Friday. The firm has a fifty day moving average price of $81.90 and a 200 day moving average price of $76.26. Spectrum Brands has a fifty-two week low of $49.99 and a fifty-two week high of $89.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 2.29. The firm has a market cap of $2.07 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64.
Spectrum Brands (NYSE:SPB – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.21. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. The company had revenue of $708.90 million for the quarter, compared to the consensus estimate of $676.45 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Spectrum Brands’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Spectrum Brands will post 5.32 earnings per share for the current fiscal year.
Spectrum Brands Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Spectrum Brands’s payout ratio is presently 35.88%.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.
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