Spectrum Brands (NYSE:SPB) Hits New 12-Month Low - Here's Why

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

Analysts Set New Price Targets

SPB has been the subject of several research analyst reports. UBS Group dropped their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price target for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada decreased their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price objective on Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.43.

Spectrum Brands Price Performance

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 $1.98 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. The stock has a 50 day simple moving average of $81.34 and a 200-day simple moving average of $87.75.

Remove Ads

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS 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 quarter in the prior year, the firm posted $0.78 earnings per share. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

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

Hedge Funds Weigh In On Spectrum Brands

A number of large investors have recently bought and sold shares of SPB. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Spectrum Brands during the fourth quarter valued at $2,758,000. Pullen Investment Management LLC raised its position in shares of Spectrum Brands by 47.1% during the 4th quarter. Pullen Investment Management LLC now owns 12,028 shares of the company's stock worth $1,016,000 after purchasing an additional 3,849 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Spectrum Brands by 10.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,250 shares of the company's stock valued at $8,893,000 after acquiring an additional 9,911 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in Spectrum Brands by 142.8% in the 4th quarter. Voloridge Investment Management LLC now owns 24,926 shares of the company's stock valued at $2,106,000 after acquiring an additional 14,662 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Spectrum Brands by 403.9% in the 4th quarter. Two Sigma Advisers LP now owns 233,800 shares of the company's stock valued at $19,754,000 after acquiring an additional 187,400 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.