Spectrum Brands (NYSE:SPB) Sets New 1-Year Low - Time to Sell?

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $73.12 and last traded at $73.71, with a volume of 43252 shares traded. The stock had previously closed at $74.99.

Wall Street Analysts Forecast Growth

SPB has been the topic of several analyst reports. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Royal Bank of Canada lowered their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. UBS Group lowered their price target on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price target 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $103.43.

Spectrum Brands Trading Up 1.0 %

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 company's 50 day moving average is $81.34 and its two-hundred day moving average is $87.73. The firm has a market cap of $1.98 billion, a P/E ratio of 18.47, a PEG ratio of 1.70 and a beta of 1.20.

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Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $0.78 earnings per share. On average, sell-side analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Tuesday, February 18th. Spectrum Brands's payout ratio is presently 46.19%.

Institutional Investors Weigh In On Spectrum Brands

Several hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group bought a new position in Spectrum Brands during the third quarter worth about $31,000. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands during the fourth quarter worth about $50,000. Farther Finance Advisors LLC lifted its stake in Spectrum Brands by 92.2% during the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock worth $52,000 after purchasing an additional 261 shares during the period. Quantbot Technologies LP bought a new position in Spectrum Brands during the third quarter worth about $62,000. Finally, Quarry LP lifted its stake in Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company's stock worth $93,000 after purchasing an additional 404 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.