Analysts Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Target Price at $100.75

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently 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 1 year price target among brokers that have issued ratings on the stock in the last year is $100.75.

Several analysts have weighed in on the company. Wells Fargo & Company cut their price objective on Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. UBS Group reduced their price target on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group raised their price objective on Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a research report on Monday, November 18th.

Spectrum Brands Trading Up 0.2 %

Shares of SPB traded up $0.13 during mid-day trading on Friday, hitting $82.17. 524,914 shares of the company's stock traded hands, compared to its average volume of 366,632. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.24 billion, a P/E ratio of 20.14, a PEG ratio of 1.51 and a beta of 1.20. The business's 50-day moving average price is $87.05 and its 200-day moving average price is $89.17. Spectrum Brands has a 1 year low of $77.73 and a 1 year high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Friday, November 15th. The company reported $0.97 earnings per share (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 6.16%. The company had revenue of $773.70 million for the quarter, compared to analysts' expectations of $747.80 million. During the same period in the previous year, the firm posted $1.36 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Spectrum Brands will post 5.17 EPS for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, November 26th. This is a positive change from Spectrum Brands's previous quarterly dividend of $0.42. Spectrum Brands's payout ratio is currently 46.08%.

Institutional Trading of Spectrum Brands

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its holdings 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 buying an additional 5,641 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Spectrum Brands during the fourth quarter valued at approximately $553,000. SG Americas Securities LLC raised its holdings in Spectrum Brands by 478.4% in the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock worth $1,141,000 after acquiring an additional 11,166 shares during the last quarter. International Assets Investment Management LLC lifted its position in Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock valued at $45,000 after acquiring an additional 471 shares in the last quarter. Finally, Barclays PLC boosted its stake in Spectrum Brands by 71.4% during the 3rd quarter. Barclays PLC now owns 35,407 shares of the company's stock valued at $3,369,000 after purchasing an additional 14,746 shares during the last quarter.

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.