Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $106.03 and last traded at $105.97, with a volume of 121,137 shares traded. The stock had previously closed at $106.65.

A number of analysts have issued reports on the stock. Jefferies Group LLC set a $143.00 price target on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Saturday, July 29th. Royal Bank Of Canada reiterated a “buy” rating and set a $160.00 price target on shares of Spectrum Brands Holdings in a research note on Thursday, May 25th. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $143.88.

The firm has a 50 day moving average price of $116.62 and a 200-day moving average price of $130.39. The stock has a market cap of $6.20 billion, a PE ratio of 21.87 and a beta of 0.66.

Spectrum Brands Holdings (NYSE:SPB) last issued its earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts predict that Spectrum Brands Holdings, Inc. will post $5.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th will be issued a $0.42 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.57%. Spectrum Brands Holdings’s payout ratio is presently 34.29%.

Institutional investors have recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Spectrum Brands Holdings during the second quarter worth about $100,000. Daiwa Securities Group Inc. boosted its position in shares of Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of Spectrum Brands Holdings during the second quarter worth about $113,000. Invictus RG bought a new position in shares of Spectrum Brands Holdings during the first quarter worth about $156,000. Finally, FNY Partners Fund LP bought a new position in shares of Spectrum Brands Holdings during the second quarter worth about $187,000. 48.37% of the stock is owned by institutional investors and hedge funds.

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About Spectrum Brands Holdings

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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