Spectrum Brands (NYSE:SPB) Sets New 12-Month Low – Should You Sell?

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) hit a new 52-week low during trading on Monday . The company 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.

Analysts Set New Price Targets

Several research firms have issued reports on SPB. UBS Group dropped their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada dropped 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. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $94.00 to $102.00 in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.43.

Spectrum Brands Price Performance

The firm has a market cap of $1.86 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. 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 business has a 50-day moving average of $78.82 and a two-hundred day moving average of $86.23.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data 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 return on equity of 6.44% and a net margin of 4.01%. During the same quarter last year, the business earned $0.78 earnings per share. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.66%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio (DPR) is 46.19%.

Hedge Funds Weigh In On Spectrum Brands

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC grew its holdings in 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 purchasing an additional 22,484 shares during the period. State Street Corp boosted its holdings in shares of Spectrum Brands by 1.3% in the third quarter. State Street Corp now owns 590,222 shares of the company’s stock worth $56,154,000 after acquiring an additional 7,783 shares during the period. Callodine Capital Management LP boosted its holdings in shares of Spectrum Brands by 29.8% in the fourth quarter. Callodine Capital Management LP now owns 527,500 shares of the company’s stock worth $44,568,000 after acquiring an additional 121,000 shares during the period. Wellington Management Group LLP boosted its holdings in shares of 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 acquiring an additional 36,063 shares during the period. Finally, FIL Ltd boosted its holdings in shares of 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 acquiring an additional 36,798 shares during the period.

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.