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

Spectrum Brands Holdings Inc. (NYSE:SPB) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $83.00.

Several analysts recently commented on the company. Oppenheimer raised their price objective 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 increased their price target on Spectrum Brands from $62.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Spectrum Brands in a report 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.

Spectrum Brands Stock Up 1.0%

Spectrum Brands stock opened at $74.46 on Thursday. The company’s 50 day simple moving average is $73.57 and its 200 day simple moving average is $62.71. Spectrum Brands has a fifty-two week low of $49.99 and a fifty-two week high of $80.42. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 1.38.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 5th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $0.77 by $0.63. The firm had revenue of $677.00 million during the quarter, compared to the consensus estimate of $667.59 million. Spectrum Brands had a net margin of 3.76% and a return on equity of 7.65%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. As a group, sell-side analysts anticipate that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Spectrum Brands by 7,237.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock valued at $31,000 after buying an additional 579 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Spectrum Brands by 96.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock worth $37,000 after buying an additional 310 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Spectrum Brands by 111.7% in the 4th quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock worth $38,000 after purchasing an additional 335 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Spectrum Brands in the second quarter valued at approximately $41,000. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Spectrum Brands in the third quarter worth $47,000.

Spectrum Brands Company Profile

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.