Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $101.88.

SPB has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company lifted their target price on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group boosted their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Monday.

Institutional Investors Weigh In On Spectrum Brands

A number of large investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale boosted its stake in shares of Spectrum Brands by 24.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company’s stock valued at $104,000 after purchasing an additional 240 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after purchasing an additional 261 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Spectrum Brands during the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in Spectrum Brands during the third quarter worth about $31,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in Spectrum Brands by 1.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company’s stock worth $2,043,000 after acquiring an additional 345 shares in the last quarter.

Spectrum Brands Stock Performance

NYSE SPB opened at $88.22 on Monday. Spectrum Brands has a 52-week low of $65.27 and a 52-week high of $96.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.28. The company has a market capitalization of $2.47 billion, a P/E ratio of 21.62, a P/E/G ratio of 0.25 and a beta of 1.23. The company has a fifty day moving average of $91.49 and a 200-day moving average of $89.53.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). The business had revenue of $773.70 million during the quarter, compared to analysts’ expectations of $747.80 million. Spectrum Brands had a return on equity of 6.11% and a net margin of 4.21%. Spectrum Brands’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, equities research analysts predict that Spectrum Brands will post 6.12 EPS for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.47 per share. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.13%. Spectrum Brands’s payout ratio is presently 41.18%.

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.