Spectrum Brands Holdings, Inc. (NYSE:SPB) Receives Average Recommendation of "Moderate Buy" from Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has earned an average rating of "Moderate Buy" from the seven ratings firms that are covering the firm, Marketbeat.com 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 price target among analysts that have covered the stock in the last year is $103.43.

Several research analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Canaccord Genuity Group upgraded 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 research note on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reduced their price target 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

Large investors have recently added to or reduced their stakes in the stock. Harvey Partners LLC bought a new position in shares of Spectrum Brands during the third quarter valued at approximately $19,837,000. Man Group plc boosted its stake in shares of Spectrum Brands by 160.5% during the fourth quarter. Man Group plc now owns 320,178 shares of the company's stock valued at $27,052,000 after purchasing an additional 197,263 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Spectrum Brands during the fourth quarter valued at approximately $16,606,000. Two Sigma Advisers LP boosted its stake in shares of Spectrum Brands by 403.9% during the fourth quarter. Two Sigma Advisers LP now owns 233,800 shares of the company's stock valued at $19,754,000 after purchasing an additional 187,400 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Spectrum Brands by 2,541.2% during the fourth quarter. Trexquant Investment LP now owns 148,698 shares of the company's stock valued at $12,563,000 after purchasing an additional 143,068 shares in the last quarter.

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Spectrum Brands Stock Up 0.4 %

Shares of SPB traded up $0.29 on Wednesday, hitting $77.42. 465,422 shares of the stock traded hands, compared to its average volume of 455,821. The company has a market capitalization of $2.04 billion, a PE ratio of 19.02, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The business has a 50 day simple moving average of $82.36 and a 200 day simple moving average of $88.32. Spectrum Brands has a one year low of $74.72 and a one year high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating 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 quarter in the prior year, the company earned $0.78 earnings per share. As a group, equities analysts forecast that Spectrum Brands will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.43%. Spectrum Brands's dividend payout ratio (DPR) is 46.19%.

Spectrum Brands Company Profile

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.