Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $100.14.

A number of research analysts have weighed in on the company. UBS Group reduced their target price on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Wednesday. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and lifted their price target for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada cut their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, February 7th.

Institutional Investors Weigh In On Spectrum Brands

Institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands in the 4th quarter valued at approximately $50,000. Versant Capital Management Inc boosted its position in shares of Spectrum Brands by 101.7% during the first quarter. Versant Capital Management Inc now owns 970 shares of the company’s stock valued at $69,000 after buying an additional 489 shares during the last quarter. Blue Trust Inc. increased its holdings in Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after buying an additional 375 shares in the last quarter. KBC Group NV raised its position in Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after buying an additional 390 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Spectrum Brands by 89.6% during the 4th quarter. Lazard Asset Management LLC now owns 1,464 shares of the company’s stock valued at $123,000 after acquiring an additional 692 shares during the period.

Spectrum Brands Price Performance

SPB opened at $59.10 on Thursday. The stock’s 50 day moving average price is $71.31 and its 200-day moving average price is $82.65. Spectrum Brands has a 52-week low of $57.93 and a 52-week high of $96.74. The stock has a market capitalization of $1.56 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business posted $0.78 earnings per share. On average, equities research analysts predict that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.18%. Spectrum Brands’s dividend payout ratio is presently 46.19%.

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.