Spectrum Brands Holdings, Inc. (NYSE:SPB) Receives Average Rating of “Hold” from Brokerages

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have earned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $89.17.

Several analysts recently weighed in on SPB shares. Monness Crespi & Hardt lifted their price objective on Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 9th. Canaccord Genuity Group restated a “hold” rating and issued a $86.00 price objective (up from $83.00) on shares of Spectrum Brands in a report on Friday, February 9th. Wells Fargo & Company lifted their price objective on Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Canaccord Genuity Group downgraded Spectrum Brands from a “buy” rating to a “hold” rating and lifted their price objective for the company from $83.00 to $86.00 in a report on Friday, February 9th. Finally, Royal Bank of Canada lifted their price objective on Spectrum Brands from $89.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, February 9th.

Spectrum Brands Stock Up 2.8 %

Shares of SPB opened at $82.59 on Friday. The company has a market cap of $2.50 billion, a PE ratio of 1.79, a P/E/G ratio of 0.56 and a beta of 1.20. The business has a fifty day moving average of $82.86 and a 200 day moving average of $79.04. Spectrum Brands has a 52-week low of $64.04 and a 52-week high of $89.64. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.60.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 8th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.47. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The business had revenue of $692.20 million during the quarter, compared to the consensus estimate of $674.20 million. During the same period last year, the company earned ($0.32) earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts expect that Spectrum Brands will post 3.79 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a $0.42 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.68 annualized dividend and a yield of 2.03%. Spectrum Brands’s dividend payout ratio (DPR) is presently 3.65%.

Institutional Investors Weigh In On Spectrum Brands

Large investors have recently modified their holdings of the business. Larson Financial Group LLC grew its stake in shares of Spectrum Brands by 72.6% during the fourth quarter. Larson Financial Group LLC now owns 359 shares of the company’s stock worth $29,000 after acquiring an additional 151 shares during the last quarter. International Assets Investment Management LLC boosted its position in Spectrum Brands by 1,713.6% in the fourth 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 during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Spectrum Brands by 53.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock valued at $36,000 after acquiring an additional 160 shares during the period. Fifth Third Bancorp acquired a new position in Spectrum Brands in the fourth quarter valued at approximately $71,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Spectrum Brands in the fourth quarter valued at approximately $79,000.

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.