Spectrum Brands (NYSE:SPB) Sets New 12-Month Low - Time to Sell?

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $57.66 and last traded at $58.89, with a volume of 589077 shares trading hands. The stock had previously closed at $59.81.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada cut their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and raised their price target for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, UBS Group cut their price target on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $95.43.

Spectrum Brands Stock Performance

The stock's 50 day moving average is $69.61 and its 200 day moving average is $81.52. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data 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 return on equity of 6.44% and a net margin of 4.01%. During the same period in the previous year, the firm posted $0.78 earnings per share. Analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.02%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is presently 46.19%.

Institutional Investors Weigh In On Spectrum Brands

Several hedge funds and other institutional investors have recently made changes to their positions in SPB. Anchor Capital Advisors LLC raised its position in Spectrum Brands by 1.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock valued at $1,318,000 after purchasing an additional 184 shares during the last quarter. Fox Run Management L.L.C. increased its position in Spectrum Brands by 5.3% in the 4th quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock valued at $308,000 after acquiring an additional 185 shares during the period. Legato Capital Management LLC raised its stake in shares of Spectrum Brands by 2.2% during the fourth quarter. Legato Capital Management LLC now owns 9,299 shares of the company's stock valued at $786,000 after acquiring an additional 198 shares during the last quarter. Pullen Investment Management LLC lifted its holdings in shares of Spectrum Brands by 2.8% during the first quarter. Pullen Investment Management LLC now owns 12,361 shares of the company's stock worth $884,000 after purchasing an additional 333 shares during the period. Finally, Humankind Investments LLC increased its holdings in Spectrum Brands by 7.5% in the fourth quarter. Humankind Investments LLC now owns 5,104 shares of the company's stock valued at $431,000 after purchasing an additional 355 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.