Brokerages Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Target Price at $103.43

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $103.43.

Several equities analysts have commented on the stock. Royal Bank of Canada decreased their price objective 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. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target 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. Finally, UBS Group decreased their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a research note on Thursday, January 16th.

Spectrum Brands Trading Up 0.5 %

Shares of NYSE SPB traded up $0.36 during midday trading on Friday, hitting $70.17. The stock had a trading volume of 274,367 shares, compared to its average volume of 441,457. The company's 50-day simple moving average is $78.28 and its 200 day simple moving average is $85.91. 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 firm has a market cap of $1.85 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. Spectrum Brands has a fifty-two week low of $68.74 and a fifty-two week high of $96.74.

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Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the prior year, the firm posted $0.78 EPS. Research analysts anticipate that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands's payout ratio is 46.19%.

Institutional Investors Weigh In On Spectrum Brands

A number of hedge funds have recently added to or reduced their stakes in SPB. Harvey Partners LLC purchased a new position in Spectrum Brands during the third quarter valued at approximately $19,837,000. Man Group plc raised its stake in shares of Spectrum Brands by 160.5% in the fourth quarter. Man Group plc now owns 320,178 shares of the company's stock valued at $27,052,000 after acquiring an additional 197,263 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of Spectrum Brands during the fourth quarter valued at approximately $16,606,000. Two Sigma Advisers LP increased its holdings in Spectrum Brands by 403.9% during the 4th quarter. Two Sigma Advisers LP now owns 233,800 shares of the company's stock worth $19,754,000 after purchasing an additional 187,400 shares during the period. Finally, Trexquant Investment LP increased its position in Spectrum Brands by 2,541.2% during the 4th 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 during the period.

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.