Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Consensus Rating of “Moderate Buy” by Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $103.43.

Several research analysts recently commented on SPB shares. Wells Fargo & Company reduced their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reduced their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. 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 research note on Thursday, January 16th. Finally, Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their price target for the company from $94.00 to $102.00 in a research note on Friday, February 7th.

Spectrum Brands Trading Down 2.2 %

NYSE SPB opened at $73.37 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.93 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. The company has a 50 day moving average price of $81.94 and a 200 day moving average price of $88.07. Spectrum Brands has a 52 week low of $71.20 and a 52 week high of $96.74.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping 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 firm posted $0.78 earnings per share. As a group, sell-side analysts forecast that Spectrum Brands will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.56%. Spectrum Brands’s payout ratio is 46.19%.

Institutional Trading of Spectrum Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in SPB. Brooklyn Investment Group acquired a new stake in shares of Spectrum Brands in the third quarter worth $31,000. International Assets Investment Management LLC increased its stake in shares of Spectrum Brands by 9,420.0% in the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after acquiring an additional 471 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the fourth quarter worth $50,000. Farther Finance Advisors LLC increased its stake in shares of Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after acquiring an additional 261 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Spectrum Brands in the third quarter worth $62,000.

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.