Brokerages Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Price Target at $101.88

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) have earned an average rating of "Moderate Buy" from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $101.88.

Several equities research analysts recently weighed in on SPB shares. Canaccord Genuity Group reduced their price target on shares of Spectrum Brands from $92.00 to $90.00 and set a "hold" rating on the stock in a research report on Monday, July 1st. Wells Fargo & Company boosted their target price on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a report on Friday, August 9th. Finally, UBS Group boosted their price objective on Spectrum Brands from $111.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 9th.

Spectrum Brands Stock Down 0.2 %

SPB opened at $91.48 on Friday. The company has a market capitalization of $2.56 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 0.25 and a beta of 1.22. The firm has a 50-day simple moving average of $91.80 and a two-hundred day simple moving average of $88.12. The company has a quick ratio of 1.61, a current ratio of 2.28 and a debt-to-equity ratio of 0.26. Spectrum Brands has a 52 week low of $65.27 and a 52 week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.25). Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The firm had revenue of $779.40 million for the quarter, compared to the consensus estimate of $750.97 million. During the same period in the previous year, the company posted $0.75 earnings per share. Spectrum Brands's quarterly revenue was up 6.0% on a year-over-year basis. Analysts forecast that Spectrum Brands will post 4.78 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, August 27th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Tuesday, August 27th. Spectrum Brands's dividend payout ratio (DPR) is currently 47.46%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Fidelis Capital Partners LLC bought a new stake in shares of Spectrum Brands during the 1st quarter worth approximately $27,000. Central Pacific Bank Trust Division purchased a new stake in Spectrum Brands in the first quarter worth $30,000. Versant Capital Management Inc lifted its position in shares of Spectrum Brands by 1,923.8% during the second quarter. Versant Capital Management Inc now owns 425 shares of the company's stock worth $37,000 after purchasing an additional 404 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Spectrum Brands during the first quarter worth $42,000. Finally, Quarry LP grew its holdings in shares of Spectrum Brands by 375.0% in the second quarter. Quarry LP now owns 570 shares of the company's stock worth $49,000 after purchasing an additional 450 shares during 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.