Spectrum Brands Holdings, Inc. (NYSE:SPB) was upgraded by equities researchers at Gabelli from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research analysts have also issued reports on SPB. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, July 27th. BMO Capital Markets reduced their price target on Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 29th. Royal Bank Of Canada set a $155.00 price target on Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC set a $143.00 price target on Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $140.00.

Shares of Spectrum Brands Holdings (NYSE:SPB) traded up $10.15 during mid-day trading on Friday, reaching $109.50. The company’s stock had a trading volume of 2,947,800 shares, compared to its average volume of 427,875. The company has a quick ratio of 0.95, a current ratio of 1.88 and a debt-to-equity ratio of 2.24. Spectrum Brands Holdings has a one year low of $98.11 and a one year high of $146.09. The firm has a market cap of $5,766.59, a price-to-earnings ratio of 18.33, a PEG ratio of 1.58 and a beta of 0.75.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm posted $1.31 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. analysts predict that Spectrum Brands Holdings will post 5.57 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Spectrum Brands Holdings by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,756,257 shares of the company’s stock valued at $184,511,000 after buying an additional 121,573 shares during the period. BlackRock Inc. lifted its holdings in shares of Spectrum Brands Holdings by 5,054.7% in the first quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock valued at $168,030,000 after buying an additional 1,185,319 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Spectrum Brands Holdings by 2.4% in the third quarter. Bessemer Group Inc. now owns 1,074,169 shares of the company’s stock valued at $113,776,000 after buying an additional 25,670 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Spectrum Brands Holdings by 7.7% during the third quarter. Schroder Investment Management Group now owns 875,847 shares of the company’s stock valued at $92,016,000 after purchasing an additional 62,944 shares during the last quarter. Finally, Check Capital Management Inc. CA lifted its holdings in shares of Spectrum Brands Holdings by 173.8% during the third quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock valued at $80,453,000 after purchasing an additional 482,162 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

Spectrum Brands Holdings Company Profile

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.

Analyst Recommendations for Spectrum Brands Holdings (NYSE:SPB)

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