Analysts Set Spectrum Brands Holdings, Inc. (NYSE:SPB) PT at $103.43

Spectrum Brands Holdings, Inc. (NYSE:SPB) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $103.43.

Several research firms recently commented on SPB. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Finally, UBS Group cut their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th.

Spectrum Brands Trading Down 2.0 %

Shares of NYSE SPB opened at $69.84 on Friday. The company has a market cap of $1.84 billion, a PE ratio of 17.16, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The firm’s 50 day moving average price is $78.28 and its 200-day moving average price is $85.91. Spectrum Brands has a 52-week low of $68.74 and a 52-week high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the prior year, the business posted $0.78 EPS. On average, equities research analysts expect that Spectrum Brands will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.69%. Spectrum Brands’s dividend payout ratio (DPR) is 46.19%.

Institutional Trading of Spectrum Brands

Several hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its stake in shares of Spectrum Brands by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 21,055 shares of the company’s stock valued at $2,003,000 after acquiring an additional 1,273 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Spectrum Brands in the third quarter worth $1,001,000. Citigroup Inc. lifted its stake in shares of Spectrum Brands by 15.9% during the 3rd quarter. Citigroup Inc. now owns 41,048 shares of the company’s stock valued at $3,905,000 after buying an additional 5,641 shares in the last quarter. Algert Global LLC boosted its holdings in Spectrum Brands by 34.2% in the 3rd quarter. Algert Global LLC now owns 151,050 shares of the company’s stock worth $14,371,000 after buying an additional 38,514 shares during the period. Finally, Bank of Montreal Can increased its stake in Spectrum Brands by 34.6% in the 3rd quarter. Bank of Montreal Can now owns 158,518 shares of the company’s stock worth $14,867,000 after buying an additional 40,723 shares in the last quarter.

About Spectrum Brands

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.