Brokerages Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Price Target at $102.38

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $102.13.

SPB has been the topic of several research reports. Canaccord Genuity Group upped their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Wells Fargo & Company decreased their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th.

Institutional Trading of Spectrum Brands

A number of institutional investors and hedge funds have recently made changes to their positions in SPB. Waldron Private Wealth LLC acquired a new position in Spectrum Brands during the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in Spectrum Brands in the third quarter valued at about $31,000. International Assets Investment Management LLC grew its position in Spectrum Brands by 9,420.0% in the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after acquiring an additional 471 shares during the last quarter. Quarry LP raised its stake in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after acquiring an additional 450 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Spectrum Brands in the second quarter worth about $50,000.

Spectrum Brands Trading Up 0.2 %

Shares of NYSE:SPB opened at $83.76 on Tuesday. Spectrum Brands has a 12-month low of $75.50 and a 12-month high of $96.74. The business has a 50 day moving average of $89.12 and a 200-day moving average of $89.09. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.35 billion, a PE ratio of 20.53, a P/E/G ratio of 1.58 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.16). The firm had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. As a group, equities research analysts forecast that Spectrum Brands will post 5.25 earnings per share for the current year.

Spectrum Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were issued a $0.47 dividend. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.24%. The ex-dividend date was Tuesday, November 26th. Spectrum Brands’s dividend payout ratio (DPR) is currently 46.08%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.