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

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has been given an average rating of "Moderate Buy" by the eight research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $102.38.

Several research firms recently weighed in on SPB. UBS Group increased their price target on Spectrum Brands from $111.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 9th. Wells Fargo & Company raised 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 objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group boosted their target price on Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a research report on Monday.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPB. Armistice Capital LLC increased its stake in shares of Spectrum Brands by 129.4% during the second quarter. Armistice Capital LLC now owns 439,377 shares of the company's stock valued at $37,756,000 after buying an additional 247,809 shares during the period. Harvey Partners LLC bought a new position in Spectrum Brands during the 3rd quarter worth about $19,837,000. Verition Fund Management LLC raised its holdings in shares of Spectrum Brands by 295.5% in the 3rd quarter. Verition Fund Management LLC now owns 182,761 shares of the company's stock valued at $17,388,000 after purchasing an additional 136,556 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Spectrum Brands by 10.4% in the 3rd quarter. Pzena Investment Management LLC now owns 1,310,861 shares of the company's stock valued at $124,715,000 after purchasing an additional 123,733 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Spectrum Brands by 217.7% in the 1st quarter. Gabelli Funds LLC now owns 165,594 shares of the company's stock worth $14,740,000 after purchasing an additional 113,470 shares during the period.

Spectrum Brands Price Performance

Spectrum Brands stock traded up $2.01 during mid-day trading on Monday, reaching $90.23. 655,530 shares of the company's stock traded hands, compared to its average volume of 386,291. Spectrum Brands has a 12-month low of $65.27 and a 12-month high of $96.74. The company has a quick ratio of 1.61, a current ratio of 2.28 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $91.49 and a two-hundred day moving average of $89.53. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 0.25 and a beta of 1.23.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.11%. The business had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. During the same period in the previous year, the business posted $1.36 EPS. The firm's revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that Spectrum Brands will post 6.12 earnings per share for the current year.

Spectrum Brands Increases Dividend

The company also recently declared 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. This is a positive change from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.08%. Spectrum Brands's payout ratio is presently 41.18%.

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.