Analysts Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Target Price at $117.57

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPBGet Rating) have received an average rating of “Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $117.57.

Several research firms recently issued reports on SPB. StockNews.com started coverage on Spectrum Brands in a research note on Thursday, March 31st. They issued a “sell” rating for the company. UBS Group boosted their price target on Spectrum Brands from $118.00 to $119.00 and gave the stock a “buy” rating in a report on Monday, April 4th. Raymond James lowered Spectrum Brands to a “market perform” rating in a research report on Wednesday, January 12th. National Bank Financial upgraded Spectrum Brands to an “outperform” rating in a research report on Wednesday, January 26th. Finally, Zacks Investment Research downgraded shares of Spectrum Brands from a “hold” rating to a “sell” rating and set a $92.00 price objective for the company. in a research report on Monday, January 31st.

A number of hedge funds and other institutional investors have recently made changes to their positions in SPB. Dark Forest Capital Management LP bought a new position in Spectrum Brands during the third quarter valued at $26,000. Rockefeller Capital Management L.P. grew its holdings in Spectrum Brands by 182.7% during the third quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock valued at $48,000 after purchasing an additional 327 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in Spectrum Brands by 65.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 510 shares of the company’s stock valued at $49,000 after purchasing an additional 201 shares during the period. Pinebridge Investments L.P. bought a new position in Spectrum Brands during the fourth quarter valued at $51,000. Finally, Moors & Cabot Inc. bought a new position in Spectrum Brands during the third quarter valued at $52,000.

Spectrum Brands stock traded up $1.56 during midday trading on Friday, reaching $87.91. The stock had a trading volume of 1,879 shares, compared to its average volume of 395,919. The firm’s fifty day simple moving average is $90.04 and its 200-day simple moving average is $94.94. Spectrum Brands has a 1-year low of $75.66 and a 1-year high of $107.22. The stock has a market capitalization of $3.58 billion, a P/E ratio of 29.47 and a beta of 1.57. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.32 and a current ratio of 2.92.

Spectrum Brands (NYSE:SPBGet Rating) last announced its earnings results on Friday, February 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). The firm had revenue of $757.20 million during the quarter, compared to analyst estimates of $728.11 million. Spectrum Brands had a net margin of 3.28% and a return on equity of 10.74%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 EPS. On average, sell-side analysts anticipate that Spectrum Brands will post 3.69 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, February 22nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, February 18th. Spectrum Brands’s payout ratio is 57.34%.

About Spectrum Brands (Get Rating)

Spectrum Brands Holdings, Inc is a consumer products and home essentials company. It engages in the manufacturing and supply of residential locksets, residential builders hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, and personal insect repellents.

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