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

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $100.75.

SPB has been the subject of a number of research reports. UBS Group reduced their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company decreased 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. Finally, Canaccord Genuity Group raised their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th.

Spectrum Brands Price Performance

Spectrum Brands stock opened at $84.57 on Friday. The stock’s 50 day moving average price is $87.43 and its two-hundred day moving average price is $89.14. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. Spectrum Brands has a 52-week low of $77.73 and a 52-week high of $96.74.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). The company had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share. On average, equities analysts predict that Spectrum Brands will post 5.18 earnings per share for the current year.

Spectrum Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.22%. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, November 26th. Spectrum Brands’s dividend payout ratio is presently 46.08%.

Hedge Funds Weigh In On Spectrum Brands

A number of hedge funds and other institutional investors have recently modified their holdings of SPB. Waldron Private Wealth LLC bought a new stake in Spectrum Brands during the third quarter worth $27,000. Brooklyn Investment Group bought a new stake in shares of Spectrum Brands during the 3rd quarter worth $31,000. International Assets Investment Management LLC boosted its holdings in shares of Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after buying an additional 471 shares during the last quarter. Farther Finance Advisors LLC grew its position in Spectrum Brands by 92.2% during the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after buying an additional 261 shares during the period. Finally, Quarry LP increased its holdings in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after buying an additional 450 shares during 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.