Brokerages Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Target Price at $103.43

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $103.43.

A number of equities analysts have issued reports on the company. UBS Group lowered their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and increased their price target for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada reduced their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th.

Spectrum Brands Stock Up 0.4 %

Shares of SPB opened at $77.42 on Wednesday. Spectrum Brands has a 52 week low of $74.72 and a 52 week high of $96.74. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.70 and a beta of 1.20. The stock’s 50-day moving average price is $82.36 and its 200-day moving average price is $88.32.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period in the prior year, the business earned $0.78 EPS. On average, sell-side analysts predict that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.43%. Spectrum Brands’s dividend payout ratio is presently 46.19%.

Institutional Investors Weigh In On Spectrum Brands

Several hedge funds and other institutional investors have recently made changes to their positions in SPB. Brooklyn Investment Group purchased a new position in Spectrum Brands in the third quarter worth approximately $31,000. International Assets Investment Management LLC grew its position in Spectrum Brands by 9,420.0% in the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after acquiring an additional 471 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in Spectrum Brands in the fourth quarter worth approximately $50,000. Farther Finance Advisors LLC grew its position in Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after acquiring an additional 261 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Spectrum Brands in the third quarter worth approximately $62,000.

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.