Spectrum Brands Holdings Inc. (NYSE:SPB) Receives $74.80 Consensus PT from Analysts

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $74.80.

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada set a $75.00 price objective on shares of Spectrum Brands and gave the company an “outperform” rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Wells Fargo & Company cut their price objective on shares of Spectrum Brands from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 9th. Finally, Canaccord Genuity Group cut their price objective on shares of Spectrum Brands from $77.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, August 8th.

Institutional Investors Weigh In On Spectrum Brands

Hedge funds have recently bought and sold shares of the company. Orion Porfolio Solutions LLC increased its position in shares of Spectrum Brands by 16.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,533 shares of the company’s stock worth $876,000 after acquiring an additional 2,299 shares in the last quarter. Nomura Holdings Inc. increased its position in shares of Spectrum Brands by 330.8% during the second quarter. Nomura Holdings Inc. now owns 24,939 shares of the company’s stock worth $1,322,000 after acquiring an additional 35,746 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Spectrum Brands during the second quarter worth $754,000. Headlands Technologies LLC bought a new stake in shares of Spectrum Brands during the second quarter worth $41,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Spectrum Brands by 1,405.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock worth $128,000 after acquiring an additional 2,248 shares in the last quarter.

Spectrum Brands Price Performance

Shares of SPB stock opened at $54.53 on Friday. The firm’s 50 day moving average is $55.82 and its 200-day moving average is $59.77. Spectrum Brands has a 1 year low of $50.73 and a 1 year high of $96.62. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 20.35 and a beta of 0.83. The company has a current ratio of 2.42, a quick ratio of 1.50 and a debt-to-equity ratio of 0.35.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.01). Spectrum Brands had a net margin of 2.56% and a return on equity of 5.27%. The business had revenue of $699.60 million during the quarter, compared to analyst estimates of $742.13 million. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Sell-side analysts forecast that Spectrum Brands will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, August 26th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.88 annualized dividend and a yield of 3.4%. Spectrum Brands’s dividend payout ratio (DPR) is 70.15%.

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.