Spectrum Brands Holdings, Inc. (NYSE:SPB)‘s stock had its “buy” rating reissued by research analysts at Wells Fargo & Company in a research report issued on Thursday.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $160.00 price objective on shares of Spectrum Brands Holdings in a research report on Thursday, May 25th. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price objective (down from $165.00) on shares of Spectrum Brands Holdings in a research report on Thursday, July 6th. Deutsche Bank AG reduced their price objective on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, May 3rd. Finally, BidaskClub cut Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Spectrum Brands Holdings presently has an average rating of “Buy” and an average target price of $149.50.

Shares of Spectrum Brands Holdings (NYSE:SPB) traded down 3.281% during mid-day trading on Thursday, hitting $118.935. 1,403,585 shares of the company were exchanged. The stock has a market cap of $7.00 billion, a PE ratio of 22.470 and a beta of 0.69. The stock’s 50-day moving average price is $126.73 and its 200 day moving average price is $132.55. Spectrum Brands Holdings has a 12-month low of $108.30 and a 12-month high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.94 by $0.23. Spectrum Brands Holdings had a net margin of 6.31% and a return on equity of 17.78%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $1.73 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Spectrum Brands Holdings will post $5.84 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in 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. raised its position in 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. raised its position in 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 raised its position in 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 raised its position in 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. 48.00% of the stock is 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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