Spectrum Brands Holdings, Inc. (NYSE:SPB) Receives $102.38 Consensus Price Target from Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $102.38.

Separately, Canaccord Genuity Group upped their target price on Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a research report on Monday, November 18th.

Spectrum Brands Price Performance

SPB traded down $0.68 on Friday, hitting $90.48. 295,958 shares of the company were exchanged, compared to its average volume of 385,345. The firm has a market capitalization of $2.54 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. The business's fifty day moving average is $91.49 and its 200 day moving average is $89.70. Spectrum Brands has a fifty-two week low of $75.50 and a fifty-two week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). The company had revenue of $773.70 million for the quarter, compared to analysts' expectations of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. As a group, sell-side analysts anticipate that Spectrum Brands will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, November 26th. This represents a $1.88 annualized dividend and a yield of 2.08%. This is an increase from Spectrum Brands's previous quarterly dividend of $0.42. Spectrum Brands's dividend payout ratio is presently 46.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Waldron Private Wealth LLC bought a new stake in Spectrum Brands in the third quarter worth about $27,000. Brooklyn Investment Group acquired a new position in shares of Spectrum Brands in the 3rd quarter worth approximately $31,000. International Assets Investment Management LLC raised its holdings in shares of Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock worth $45,000 after purchasing an additional 471 shares in the last quarter. Quarry LP lifted its stake in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company's stock valued at $49,000 after purchasing an additional 450 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Spectrum Brands during the second quarter worth approximately $50,000.

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.