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

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $103.43.

Several research analysts have recently commented on SPB shares. Royal Bank of Canada decreased their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. UBS Group decreased their price target on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and upped their price objective for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, Wells Fargo & Company decreased their target price on Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Citigroup Inc. increased its stake in Spectrum Brands by 15.9% in the third quarter. Citigroup Inc. now owns 41,048 shares of the company's stock worth $3,905,000 after purchasing an additional 5,641 shares during the period. Empowered Funds LLC bought a new position in Spectrum Brands in the 4th quarter worth about $387,000. Charles Schwab Investment Management Inc. increased its position in shares of Spectrum Brands by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after acquiring an additional 7,198 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Spectrum Brands during the fourth quarter valued at approximately $553,000. Finally, SG Americas Securities LLC increased its holdings in Spectrum Brands by 478.4% during the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock worth $1,141,000 after purchasing an additional 11,166 shares during the period.

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Spectrum Brands Stock Performance

Shares of SPB traded up $0.60 on Friday, reaching $70.27. The company's stock had a trading volume of 133,378 shares, compared to its average volume of 376,900. The stock's 50 day simple moving average is $78.82 and its two-hundred day simple moving average is $86.23. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The stock has a market capitalization of $1.85 billion, a P/E ratio of 17.28, a PEG ratio of 1.70 and a beta of 1.20. Spectrum Brands has a 12-month low of $68.74 and a 12-month high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share 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 quarter in the previous year, the firm posted $0.78 EPS. Research analysts forecast that Spectrum Brands will post 5.06 earnings per share for the current fiscal 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 issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.68%. Spectrum Brands's dividend payout ratio (DPR) 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.