Spectrum Brands (NYSE:SPB) Sets New 52-Week Low - What's Next?

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $69.85 and last traded at $71.82, with a volume of 455390 shares. The stock had previously closed at $70.55.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPB shares. Wells Fargo & Company decreased their target price on shares of 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. Royal Bank of Canada cut their target price 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. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, UBS Group reduced their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.43.

Spectrum Brands Stock Up 2.3 %

The business's fifty day moving average price is $80.16 and its two-hundred day moving average price is $87.03. The firm has a market capitalization of $1.90 billion, a P/E ratio of 17.64, a PEG ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40.

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Spectrum Brands (NYSE:SPB - Get Free Report) last posted 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 quarter last year, the business posted $0.78 earnings per share. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.61%. Spectrum Brands's payout ratio is 46.19%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in shares of Spectrum Brands during the third quarter worth approximately $31,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at approximately $50,000. Quantbot Technologies LP acquired a new stake in shares of Spectrum Brands during the third quarter worth $62,000. Quarry LP lifted its holdings in shares of 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. Finally, Blue Trust Inc. lifted its holdings in shares of Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after purchasing an additional 375 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.

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