Spectrum Brands Holdings, Inc. (NYSE:SPB)‘s stock had its “buy” rating reiterated by Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Monday. They currently have a $167.00 target price on the stock. Oppenheimer Holdings, Inc.’s price objective would suggest a potential upside of 46.81% from the stock’s current price. Oppenheimer Holdings also issued estimates for Spectrum Brands Holdings’ Q1 2018 earnings at $1.30 EPS, Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $1.60 EPS and FY2018 earnings at $6.20 EPS.

SPB has been the subject of a number of other reports. Zacks Investment Research downgraded Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 29th. Royal Bank Of Canada set a $155.00 target price on Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Friday, July 28th. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, September 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $125.00 target price (down from $147.00) on shares of Spectrum Brands Holdings in a research note on Tuesday, October 31st. Finally, KeyCorp set a $130.00 target price on Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $137.25.

Spectrum Brands Holdings (NYSE:SPB) opened at $113.75 on Monday. Spectrum Brands Holdings has a twelve month low of $98.11 and a twelve month high of $146.09. The stock has a market capitalization of $6,520.00, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.75. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio 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 net margin of 5.91% and a return on equity of 17.48%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. equities research analysts predict that Spectrum Brands Holdings will post 6.29 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of SPB. Check Capital Management Inc. CA increased its position 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 worth $80,453,000 after purchasing an additional 482,162 shares in the last quarter. Rovida Advisors Inc. purchased a new stake in shares of Spectrum Brands Holdings during the third quarter worth approximately $21,081,000. Schroder Investment Management Group increased its position in shares of Spectrum Brands Holdings by 29.7% during the second quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock worth $101,084,000 after purchasing an additional 186,285 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Spectrum Brands Holdings by 18.2% during the second quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after purchasing an additional 161,567 shares in the last quarter. Finally, Channing Capital Management LLC purchased a new stake in shares of Spectrum Brands Holdings during the third quarter worth approximately $16,769,000. Hedge funds and other institutional investors own 47.13% 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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