Spectrum Brands Holdings, Inc. (NYSE:SPB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $103.43.

Several equities analysts have recently weighed in on SPB shares. Royal Bank of Canada cut their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and lifted their target price for the company from $94.00 to $102.00 in a report on Friday, February 7th. UBS Group cut 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. Finally, Wells Fargo & Company cut 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.

Spectrum Brands Stock Performance

SPB opened at $69.50 on Friday. Spectrum Brands has a 12-month low of $68.74 and a 12-month high of $96.74. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.83 billion, a PE ratio of 17.08, a P/E/G ratio of 1.70 and a beta of 1.20. The firm has a 50 day moving average of $78.82 and a two-hundred day moving average of $86.27.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter last year, the firm posted $0.78 earnings per share. On average, analysts anticipate that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s payout ratio is 46.19%.

Hedge Funds Weigh In On Spectrum Brands

Several institutional investors have recently modified their holdings of SPB. Brooklyn Investment Group acquired a new position in shares of Spectrum Brands during the third quarter worth $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Spectrum Brands during the fourth quarter worth $50,000. Quantbot Technologies LP acquired a new position in shares of Spectrum Brands during the third quarter worth $62,000. Quarry LP grew its stake in shares of Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after purchasing an additional 404 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after purchasing an additional 375 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.