Spectrum Brands Holdings Inc. (SPB) – What Are Brokerages Thinking About This Stock?

Spectrum Brands Holdings Inc. (NYSE:SPB – Get Free Report) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $97.86.

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $96.00 price target on shares of Spectrum Brands in a report on Monday, August 10th. Wells Fargo & Company dropped their price objective on shares of Spectrum Brands from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Canaccord Genuity Group lifted their target price on shares of Spectrum Brands from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. UBS Group began coverage on Spectrum Brands in a report on Thursday, October 15th. They issued a “buy” rating and a $97.00 target price on the stock. Finally, Weiss Ratings downgraded Spectrum Brands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th.

View Our Latest Research Report on Spectrum Brands

Hedge Funds Weigh In On Spectrum Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC increased its stake in shares of Spectrum Brands by 115.9% in the third quarter. Signaturefd LLC now owns 1,300 shares of the company’s stock valued at $103,000 after buying an additional 698 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in Spectrum Brands by 23.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 5,087 shares of the company’s stock worth $404,000 after acquiring an additional 965 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Spectrum Brands by 16.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,934 shares of the company’s stock worth $233,000 after acquiring an additional 420 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Spectrum Brands in the 3rd quarter valued at about $900,000. Finally, Assenagon Asset Management S.A. increased its position in Spectrum Brands by 11.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 130,948 shares of the company’s stock valued at $10,412,000 after acquiring an additional 13,893 shares in the last quarter.

Spectrum Brands Stock Up 0.2%

Shares of SPB opened at $79.99 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $83.68 and a two-hundred day moving average price of $79.88. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.85 and a beta of 0.78. Spectrum Brands has a 12 month low of $51.41 and a 12 month high of $99.06.

Spectrum Brands (NYSE:SPB – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $1.46 by $1.33. Spectrum Brands had a return on equity of 10.06% and a net margin of 2.76%. The company had revenue of $753.30 million for the quarter, compared to analyst estimates of $732.19 million. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that Spectrum Brands will post 6.39 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, August 25th were given a $0.47 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $1.88 annualized dividend and a yield of 2.4%. Spectrum Brands’s payout ratio is presently 57.32%.

Spectrum Brands Company Profile

(Get Free Report)

Spectrum Brands Holdings, Inc (NYSE:SPB) is a consumer products company that develops, markets and distributes branded products for households and pets. The company sells its products through retailers, e-commerce channels and other distribution partners in the United States and international markets.

Spectrum Brands’ Home and Personal Care portfolio includes small household appliances, personal-care products and related accessories sold under brands such as Remington, Russell Hobbs, George Foreman and Farberware.

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Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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