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

Spectrum Brands Holdings, Inc. (NYSE:SPB) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $91.11.

Several equities research analysts have issued reports on the company. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $94.00 to $102.00 in a research note on Friday. Wedbush raised Spectrum Brands from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $6.00 to $10.00 in a research note on Friday. Wells Fargo & Company decreased 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 research note on Tuesday, January 7th. Royal Bank of Canada cut 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. Finally, UBS Group decreased their target price 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.

Institutional Trading of Spectrum Brands

Institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC bought a new position in Spectrum Brands during the 4th quarter valued at approximately $16,606,000. Pzena Investment Management LLC raised its holdings 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 in the last quarter. AlphaQuest LLC lifted its stake in Spectrum Brands by 567.8% in the fourth quarter. AlphaQuest LLC now owns 20,302 shares of the company’s stock worth $1,715,000 after acquiring an additional 17,262 shares during the period. Raymond James Financial Inc. bought a new stake in Spectrum Brands in the fourth quarter valued at $972,000. Finally, Proficio Capital Partners LLC purchased a new position in Spectrum Brands during the 4th quarter valued at $2,463,000.

Spectrum Brands Trading Up 2.3 %

Shares of SPB opened at $78.19 on Friday. Spectrum Brands has a 1-year low of $75.94 and a 1-year high of $96.74. The company has a market capitalization of $2.14 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The firm’s 50 day simple moving average is $86.57 and its 200 day simple moving average is $89.04.

Spectrum Brands (NYSE:SPB) last posted 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 net margin of 4.01% and a return on equity of 6.34%. During the same quarter in the previous year, the company posted $0.78 EPS. Sell-side analysts forecast that Spectrum Brands will post 5.17 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands’s payout ratio is 46.19%.

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.