Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Average Recommendation of “Hold” by Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB) has earned an average recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $89.17.

SPB has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $86.00 price target (up from $83.00) on shares of Spectrum Brands in a research report on Friday, February 9th. Canaccord Genuity Group lowered Spectrum Brands from a “buy” rating to a “hold” rating and raised their target price for the stock from $83.00 to $86.00 in a report on Friday, February 9th. Monness Crespi & Hardt boosted their price target on Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 9th. Royal Bank of Canada upped their price objective on Spectrum Brands from $89.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, Wells Fargo & Company lifted their target price on shares of Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, February 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new position in Spectrum Brands during the first quarter worth $27,000. Central Pacific Bank Trust Division purchased a new stake in shares of Spectrum Brands during the first quarter worth about $30,000. Larson Financial Group LLC raised its position in shares of Spectrum Brands by 72.6% during the 4th quarter. Larson Financial Group LLC now owns 359 shares of the company’s stock worth $29,000 after purchasing an additional 151 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Spectrum Brands by 1,713.6% in the 4th quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Spectrum Brands by 53.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock worth $36,000 after buying an additional 160 shares during the last quarter.

Spectrum Brands Trading Up 0.5 %

Spectrum Brands stock opened at $83.69 on Friday. Spectrum Brands has a 52 week low of $65.27 and a 52 week high of $89.64. The stock has a 50-day moving average price of $82.99 and a 200 day moving average price of $79.28. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 1.82, a price-to-earnings-growth ratio of 0.57 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.31 by $0.47. The business had revenue of $692.20 million during the quarter, compared to analysts’ expectations of $674.20 million. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.32) EPS. Sell-side analysts anticipate that Spectrum Brands will post 3.79 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, February 16th. Spectrum Brands’s dividend payout ratio (DPR) is presently 3.65%.

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.