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

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $101.88.

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Canaccord Genuity Group raised their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday. Wells Fargo & Company raised their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, August 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPB. M&T Bank Corp bought a new position in Spectrum Brands in the 3rd quarter valued at $221,000. Barclays PLC boosted its holdings in Spectrum Brands by 71.4% in the 3rd quarter. Barclays PLC now owns 35,407 shares of the company’s stock valued at $3,369,000 after purchasing an additional 14,746 shares during the period. National Bank of Canada FI boosted its holdings in Spectrum Brands by 10,046.3% in the 3rd quarter. National Bank of Canada FI now owns 44,441 shares of the company’s stock valued at $4,228,000 after purchasing an additional 44,003 shares during the period. Wellington Management Group LLP boosted its holdings in Spectrum Brands by 7.6% in the 3rd quarter. Wellington Management Group LLP now owns 513,025 shares of the company’s stock valued at $48,809,000 after purchasing an additional 36,063 shares during the period. Finally, State Street Corp boosted its holdings in Spectrum Brands by 1.3% in the 3rd quarter. State Street Corp now owns 590,222 shares of the company’s stock valued at $56,154,000 after purchasing an additional 7,783 shares during the period.

Spectrum Brands Trading Down 6.0 %

NYSE:SPB opened at $88.22 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.28. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 0.25 and a beta of 1.23. Spectrum Brands has a 52 week low of $65.27 and a 52 week high of $96.74. The firm has a 50-day moving average price of $91.49 and a two-hundred day moving average price of $89.53.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.11%. The firm had revenue of $773.70 million during the quarter, compared to analysts’ expectations of $747.80 million. During the same quarter last year, the business posted $1.36 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Spectrum Brands will post 6.12 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, November 26th. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.13%. Spectrum Brands’s dividend payout ratio (DPR) is 41.18%.

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.