Spectrum Brands (NYSE:SPB) had its price objective raised by equities research analysts at Wells Fargo & Co from $125.00 to $132.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Wells Fargo & Co’s target price points to a potential upside of 10.98% from the company’s previous close.
A number of other research analysts also recently issued reports on the stock. Rowe restated a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands in a research report on Wednesday. Oppenheimer restated a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. BMO Capital Markets set a $132.00 price target on shares of Spectrum Brands and gave the stock a “buy” rating in a research report on Friday, November 17th. KeyCorp set a $130.00 price target on shares of Spectrum Brands and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Bank of America boosted their price target on shares of Spectrum Brands from $113.00 to $116.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $141.33.
Shares of Spectrum Brands (NYSE SPB) opened at $118.94 on Thursday. Spectrum Brands has a 1-year low of $98.11 and a 1-year high of $146.09. The company has a current ratio of 1.44, a quick ratio of 0.75 and a debt-to-equity ratio of 2.06. The firm has a market cap of $6,301.99, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.63 and a beta of 0.76.
Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS. equities analysts predict that Spectrum Brands will post 6.16 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in SPB. Pacad Investment Ltd. bought a new stake in Spectrum Brands during the 2nd quarter valued at $113,000. Toronto Dominion Bank increased its stake in Spectrum Brands by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after purchasing an additional 794 shares in the last quarter. FNY Partners Fund LP bought a new stake in shares of Spectrum Brands in the 2nd quarter worth $187,000. SG Americas Securities LLC grew its stake in shares of Spectrum Brands by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock worth $198,000 after acquiring an additional 533 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Spectrum Brands in the 3rd quarter worth $214,000. Institutional investors own 48.23% of the company’s stock.
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About Spectrum Brands
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.