Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $76.35 and last traded at $80.61, with a volume of 50822 shares. The stock had previously closed at $82.86.
Analyst Ratings Changes
A number of equities analysts have issued reports on SPB shares. Canaccord Genuity Group upgraded 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 report on Friday. Wells Fargo & Company cut 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. Royal Bank of Canada reduced their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday. Finally, UBS Group lowered their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $103.43.
Read Our Latest Research Report on SPB
Spectrum Brands Stock Down 2.6 %
The firm's fifty day moving average is $86.30 and its 200 day moving average is $89.08. 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 firm has a market cap of $2.08 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.36 and a beta of 1.20.
Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.34% and a net margin of 4.01%. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.17 earnings per share for the current fiscal year.
Spectrum Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.47%. Spectrum Brands's payout ratio is presently 46.19%.
Hedge Funds Weigh In On Spectrum Brands
A number of hedge funds have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC acquired a new position in Spectrum Brands in the third quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in Spectrum Brands during the third quarter worth $31,000. International Assets Investment Management LLC boosted 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 valued at $45,000 after purchasing an additional 471 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Spectrum Brands during the 4th quarter worth $50,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock worth $52,000 after buying an additional 261 shares during the last quarter.
About Spectrum Brands
(
Get Free Report)
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.
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