Spectrum Brands Holdings, Inc. (NYSE:SPB) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also issued reports on SPB. Zacks Investment Research lowered shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price target (down previously from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating and issued a $160.00 price target on shares of Spectrum Brands Holdings in a report on Friday, April 21st. BMO Capital Markets set a $155.00 price target on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Finally, Deutsche Bank AG cut their price target on shares of Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Spectrum Brands Holdings has a consensus rating of “Buy” and an average price target of $149.50.

Spectrum Brands Holdings (NYSE SPB) traded up 0.14% during trading on Friday, reaching $123.66. 286,446 shares of the company traded hands. Spectrum Brands Holdings has a 12-month low of $113.95 and a 12-month high of $146.09. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 23.36 and a beta of 0.69. The firm’s 50 day moving average price is $131.08 and its 200 day moving average price is $132.30.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by $0.07. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.22 billion. Spectrum Brands Holdings had a return on equity of 17.78% and a net margin of 6.31%. Spectrum Brands Holdings’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. Equities research analysts expect that Spectrum Brands Holdings will post $5.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, May 12th. Spectrum Brands Holdings’s payout ratio is 31.70%.

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Several large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Spectrum Brands Holdings by 40.9% in the fourth quarter. State Street Corp now owns 459,718 shares of the company’s stock worth $56,228,000 after buying an additional 133,357 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Spectrum Brands Holdings during the fourth quarter worth $269,000. Envestnet Asset Management Inc. raised its stake in shares of Spectrum Brands Holdings by 1.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,463 shares of the company’s stock worth $179,000 after buying an additional 21 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Spectrum Brands Holdings during the fourth quarter worth $423,000. Finally, Numeric Investors LLC bought a new stake in shares of Spectrum Brands Holdings during the fourth quarter worth $306,000. 47.94% of the stock is currently owned by hedge funds and other institutional investors.

About Spectrum Brands Holdings

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

Analyst Recommendations for Spectrum Brands Holdings (NYSE:SPB)

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