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

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $83.00.

Several equities research analysts have issued reports on the company. Oppenheimer raised their target price on Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Wells Fargo & Company raised their target price on Spectrum Brands from $62.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Spectrum Brands in a research note on Friday, March 27th. Finally, Royal Bank Of Canada set a $85.00 target price on Spectrum Brands in a research note on Friday, February 6th.

Institutional Investors Weigh In On Spectrum Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in Spectrum Brands by 7,237.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock worth $31,000 after acquiring an additional 579 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Spectrum Brands by 96.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock valued at $37,000 after buying an additional 310 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Spectrum Brands by 111.7% in the fourth quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after buying an additional 335 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Spectrum Brands in the second quarter valued at $41,000. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Spectrum Brands in the third quarter valued at $47,000.

Spectrum Brands Stock Performance

Shares of Spectrum Brands stock opened at $76.59 on Thursday. Spectrum Brands has a one year low of $49.99 and a one year high of $80.42. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.21. The business’s 50 day moving average price is $74.18 and its 200 day moving average price is $63.24.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.63. Spectrum Brands had a return on equity of 7.65% and a net margin of 3.76%.The firm had revenue of $677.00 million for the quarter, compared to the consensus estimate of $667.59 million. During the same quarter last year, the business posted $1.02 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, research analysts predict that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.88 annualized dividend and a yield of 2.5%. Spectrum Brands’s dividend payout ratio (DPR) is 43.42%.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.