Spectrum Brands Holdings Inc. (NYSE:SPB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Spectrum Brands Holdings Inc. (NYSE:SPB) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $73.80.

Several analysts have weighed in on SPB shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Spectrum Brands in a research report on Wednesday, October 8th. Canaccord Genuity Group decreased their price target on Spectrum Brands from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Wells Fargo & Company dropped their price target on Spectrum Brands from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada set a $75.00 price objective on shares of Spectrum Brands and gave the stock an “outperform” rating in a research report on Monday, August 11th. Finally, Wall Street Zen lowered shares of Spectrum Brands from a “hold” rating to a “sell” rating in a report on Monday.

Spectrum Brands Price Performance

NYSE:SPB opened at $54.09 on Monday. The company has a quick ratio of 1.50, a current ratio of 2.42 and a debt-to-equity ratio of 0.35. Spectrum Brands has a 12-month low of $49.99 and a 12-month high of $96.62. The stock’s 50 day moving average price is $53.80 and its two-hundred day moving average price is $56.15. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 20.18 and a beta of 0.82.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results 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 company had revenue of $699.60 million during the quarter, compared to the consensus estimate of $742.13 million. During the same period in the prior year, the company earned $1.13 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. On average, analysts anticipate that Spectrum Brands will post 5.06 earnings per share for the current year.

Institutional Investors Weigh In On Spectrum Brands

Several hedge funds and other institutional investors have recently made changes to their positions in SPB. GAMMA Investing LLC increased its holdings in shares of Spectrum Brands by 120.3% during the second quarter. GAMMA Investing LLC now owns 489 shares of the company’s stock worth $26,000 after buying an additional 267 shares in the last quarter. Headlands Technologies LLC acquired a new position in Spectrum Brands in the 2nd quarter worth about $41,000. SJS Investment Consulting Inc. acquired a new position in Spectrum Brands in the 3rd quarter worth about $47,000. State of Alaska Department of Revenue bought a new position in Spectrum Brands in the third quarter valued at about $49,000. Finally, Blue Trust Inc. boosted its stake in shares of Spectrum Brands by 44.8% during the second quarter. Blue Trust Inc. now owns 1,060 shares of the company’s stock valued at $56,000 after purchasing an additional 328 shares in the last quarter.

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.