Spectrum Brands Holdings, Inc. (NYSE:SPB) has been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $148.86.

A number of research firms have recently commented on SPB. Zacks Investment Research downgraded Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Royal Bank Of Canada restated a “buy” rating and set a $160.00 price objective on shares of Spectrum Brands Holdings in a report on Thursday, May 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 price target (down from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday, July 6th. Deutsche Bank AG lowered their price target on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Finally, BidaskClub downgraded Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th.

Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 124.21 on Tuesday. The stock has a 50 day moving average price of $131.08 and a 200-day moving average price of $132.30. The firm has a market capitalization of $7.31 billion, a PE ratio of 23.47 and a beta of 0.69. Spectrum Brands Holdings has a 52 week low of $113.95 and a 52 week high of $146.09.

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

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A number of hedge funds have recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Spectrum Brands Holdings by 0.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,526 shares of the company’s stock valued at $907,000 after buying an additional 20 shares in the last quarter. Envestnet Asset Management Inc. increased 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 valued at $179,000 after buying an additional 21 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Spectrum Brands Holdings by 1.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,057 shares of the company’s stock valued at $564,000 after buying an additional 40 shares in the last quarter. Capital Insight Partners LLC increased its stake in shares of Spectrum Brands Holdings by 0.3% in the first quarter. Capital Insight Partners LLC now owns 17,827 shares of the company’s stock valued at $2,478,000 after buying an additional 45 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Spectrum Brands Holdings by 3.3% in the first quarter. HighTower Advisors LLC now owns 2,083 shares of the company’s stock valued at $288,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 47.96% of the company’s stock.

Spectrum Brands Holdings Company Profile

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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