Several other analysts also recently issued reports on SPB. Bank of America lifted their price target on Spectrum Brands from $113.00 to $116.00 and gave the company a neutral rating in a research note on Friday, November 17th. BMO Capital Markets set a $132.00 price target on Spectrum Brands and gave the company a buy rating in a research note on Friday, November 17th. KeyCorp set a $140.00 price target on Spectrum Brands and gave the company a buy rating in a research note on Tuesday, January 16th. UBS Group lifted their price target on Spectrum Brands from $124.00 to $140.00 in a research note on Tuesday, January 16th. Finally, Jefferies Group restated a buy rating and issued a $142.00 price objective on shares of Spectrum Brands in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $140.60.
Shares of Spectrum Brands (NYSE:SPB) opened at $95.10 on Friday. Spectrum Brands has a 12 month low of $94.14 and a 12 month high of $146.09. The stock has a market capitalization of $5,550.15, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.50 and a beta of 0.84. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 2.01.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, February 16th. Spectrum Brands’s payout ratio is 25.04%.
Several hedge funds and other institutional investors have recently made changes to their positions in SPB. Toronto Dominion Bank grew its holdings in shares of Spectrum Brands by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after acquiring an additional 794 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Spectrum Brands in the 4th quarter valued at about $177,000. Eagle Boston Investment Management Inc. bought a new position in shares of Spectrum Brands in the 4th quarter valued at about $201,000. State of Alaska Department of Revenue bought a new position in shares of Spectrum Brands in the 4th quarter valued at about $202,000. Finally, Ellington Management Group LLC bought a new position in Spectrum Brands during the fourth quarter worth about $202,000. Institutional investors own 48.28% of the company’s stock.
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About Spectrum Brands
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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