Spectrum Brands (NYSE:SPB) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Spectrum Brands Holdings Inc. (NYSE:SPB) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $56.87 and traded as high as $65.50. Spectrum Brands shares last traded at $62.59, with a volume of 330,982 shares traded.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Spectrum Brands in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a report on Tuesday, November 18th. Canaccord Genuity Group boosted their price target on shares of Spectrum Brands from $75.00 to $84.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Wells Fargo & Company lifted their target price on Spectrum Brands from $55.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Spectrum Brands Price Performance

The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 15.81 and a beta of 0.69. The company has a 50 day simple moving average of $60.72 and a 200-day simple moving average of $56.87. The company has a current ratio of 2.26, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, November 13th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $0.77 by $1.84. Spectrum Brands had a return on equity of 7.29% and a net margin of 3.56%.The company had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $738.57 million. During the same period in the prior year, the firm earned $0.97 earnings per share. Spectrum Brands’s revenue for the quarter was down 5.2% compared to the same quarter last year. Research analysts expect that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, November 24th. Spectrum Brands’s payout ratio is currently 47.47%.

Institutional Investors Weigh In On Spectrum Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Spectrum Brands by 120.3% during the 2nd quarter. GAMMA Investing LLC now owns 489 shares of the company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $31,000 after purchasing an additional 579 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Spectrum Brands by 111.7% during the fourth quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after purchasing an additional 335 shares during the last quarter. Headlands Technologies LLC bought a new position in Spectrum Brands in the second quarter valued at approximately $41,000. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Spectrum Brands during the 3rd quarter worth approximately $47,000.

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.