Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $69.85 and last traded at $71.82, with a volume of 455390 shares trading hands. The stock had previously closed at $70.55.
Analyst Upgrades and Downgrades
Several brokerages recently commented on SPB. 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 report on Friday, February 7th. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and upped their target price for the company from $94.00 to $102.00 in a research report on Friday, February 7th. UBS Group cut their target price 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. Finally, 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 report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $103.43.
Get Our Latest Analysis on SPB
Spectrum Brands Stock Down 2.5 %
The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The stock has a fifty day moving average price of $79.93 and a two-hundred day moving average price of $86.89. The company has a market cap of $1.86 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20.
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 analysts' consensus estimates 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 last year, the firm earned $0.78 EPS. On average, research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.
Spectrum Brands Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.66%. Spectrum Brands's dividend payout ratio is presently 46.19%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Pzena Investment Management LLC increased its position in shares of Spectrum Brands by 1.7% during the fourth quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company's stock valued at $112,654,000 after acquiring an additional 22,484 shares during the last quarter. State Street Corp increased its position in shares of Spectrum Brands by 1.3% during the third quarter. State Street Corp now owns 590,222 shares of the company's stock valued at $56,154,000 after acquiring an additional 7,783 shares during the last quarter. Callodine Capital Management LP increased its position in shares of Spectrum Brands by 29.8% during the fourth quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock valued at $44,568,000 after acquiring an additional 121,000 shares during the last quarter. Wellington Management Group LLP increased its position in Spectrum Brands by 7.6% in the third quarter. Wellington Management Group LLP now owns 513,025 shares of the company's stock worth $48,809,000 after buying an additional 36,063 shares during the last quarter. Finally, FIL Ltd increased its position in Spectrum Brands by 8.7% in the fourth quarter. FIL Ltd now owns 461,568 shares of the company's stock worth $38,998,000 after buying an additional 36,798 shares during the last quarter.
Spectrum Brands Company Profile
(
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.
Featured Articles
Before you consider Spectrum Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spectrum Brands wasn't on the list.
While Spectrum Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.