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

Spectrum Brands Holdings Inc. (NYSE:SPB) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $77.00.

A number of research analysts recently weighed in on SPB shares. Wall Street Zen upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Canaccord Genuity Group raised their price target on Spectrum Brands from $75.00 to $84.00 and gave the company a “buy” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Spectrum Brands in a research note on Monday, December 29th. Finally, Wells Fargo & Company increased their target price on Spectrum Brands from $55.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 14th.

Spectrum Brands Trading Down 2.5%

Spectrum Brands stock opened at $61.91 on Friday. Spectrum Brands has a 12-month low of $49.99 and a 12-month high of $87.23. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.63 and a beta of 0.69. The firm has a 50 day moving average of $59.29 and a 200 day moving average of $56.46. The company has a current ratio of 2.26, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, November 13th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $0.77 by $1.84. The business had revenue of $733.50 million for the quarter, compared to the consensus estimate of $738.57 million. Spectrum Brands had a net margin of 3.56% and a return on equity of 7.29%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, research analysts predict that Spectrum Brands will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a dividend of $0.47 per share. The ex-dividend date was Monday, November 24th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.0%. Spectrum Brands’s dividend payout ratio (DPR) is presently 47.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Spectrum Brands by 120.3% in the 2nd quarter. GAMMA Investing LLC now owns 489 shares of the company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Spectrum Brands by 7,237.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock valued at $31,000 after acquiring an additional 579 shares during the last quarter. Headlands Technologies LLC purchased a new position in Spectrum Brands in the second quarter worth about $41,000. SJS Investment Consulting Inc. bought a new stake in Spectrum Brands during the third quarter worth approximately $47,000. Finally, State of Alaska Department of Revenue purchased a new stake in Spectrum Brands during the third quarter valued at approximately $49,000.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.