Spectrum Brands (NYSE:SPB) Reaches New 52-Week Low - Should You Sell?

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $68.74 and last traded at $70.05, with a volume of 986162 shares traded. The stock had previously closed at $70.07.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and boosted their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada reduced their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, UBS Group decreased 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. Two equities research 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 an average target price of $103.43.

Spectrum Brands Trading Up 0.9 %

The business has a 50-day moving average price of $77.98 and a two-hundred day moving average price of $85.80. The company has a market cap of $1.86 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

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Spectrum Brands (NYSE:SPB - Get Free Report) last issued its 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 net margin of 4.01% and a return on equity of 6.44%. During the same period last year, the firm posted $0.78 EPS. On average, analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%. Spectrum Brands's dividend payout ratio is presently 46.19%.

Institutional Trading of Spectrum Brands

A number of institutional investors and hedge funds have recently modified their holdings of SPB. Harvey Partners LLC bought a new stake in Spectrum Brands in the third quarter valued at approximately $19,837,000. Man Group plc raised its stake in Spectrum Brands by 160.5% during the 4th quarter. Man Group plc now owns 320,178 shares of the company's stock worth $27,052,000 after buying an additional 197,263 shares during the period. Wealthfront Advisers LLC bought a new position in Spectrum Brands during the fourth quarter worth about $16,606,000. Two Sigma Advisers LP grew its stake in Spectrum Brands by 403.9% in the fourth 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 period. Finally, Trexquant Investment LP increased its holdings in shares of Spectrum Brands by 2,541.2% in the fourth quarter. Trexquant Investment LP now owns 148,698 shares of the company's stock worth $12,563,000 after acquiring an additional 143,068 shares in the last quarter.

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.