Spectrum Brands (NYSE:SPB)‘s stock had its “market perform” rating reaffirmed by equities research analysts at CIBC in a research note issued to investors on Monday.

Other research analysts have also issued reports about the company. TheStreet raised Spectrum Brands from a “c” rating to a “b-” rating in a research report on Monday, August 20th. BMO Capital Markets raised their target price on Spectrum Brands from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Gabelli restated a “buy” rating on shares of Spectrum Brands in a research note on Friday, July 27th. ValuEngine upgraded Spectrum Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. Finally, Zacks Investment Research upgraded Spectrum Brands from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Spectrum Brands has a consensus rating of “Hold” and a consensus target price of $114.30.

NYSE:SPB traded down $10.51 during mid-day trading on Monday, hitting $48.84. The company had a trading volume of 1,759,607 shares, compared to its average volume of 551,065. The company has a debt-to-equity ratio of 3.07, a current ratio of 3.14 and a quick ratio of 2.68. Spectrum Brands has a 1 year low of $57.34 and a 1 year high of $119.94. The firm has a market capitalization of $3.17 billion, a PE ratio of -78.77, a price-to-earnings-growth ratio of 1.80 and a beta of 1.66.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Monday, November 19th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.29). Spectrum Brands had a net margin of 22.32% and a negative return on equity of 4.00%. The company had revenue of $787.80 million during the quarter, compared to analysts’ expectations of $803.72 million. During the same period last year, the business earned $1.35 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts anticipate that Spectrum Brands will post 3.43 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Texas Yale Capital Corp. grew its stake in Spectrum Brands by 5.4% in the second quarter. Texas Yale Capital Corp. now owns 13,969 shares of the company’s stock worth $1,140,000 after purchasing an additional 715 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Spectrum Brands by 16.2% in the second quarter. PNC Financial Services Group Inc. now owns 5,196 shares of the company’s stock worth $423,000 after purchasing an additional 725 shares in the last quarter. US Bancorp DE grew its stake in Spectrum Brands by 5.8% in the third quarter. US Bancorp DE now owns 15,337 shares of the company’s stock worth $1,146,000 after purchasing an additional 842 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Spectrum Brands by 90.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,765 shares of the company’s stock worth $207,000 after purchasing an additional 1,314 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in Spectrum Brands in the third quarter worth about $116,000.

About Spectrum Brands

Spectrum Brands Holdings, Inc, through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products. It supplies consumer batteries, residential locksets, residential builders' hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, personal insect repellents, and auto care products, as well as lawn and garden, and home pest control products.

See Also: Dollar Cost Averaging

Analyst Recommendations for Spectrum Brands (NYSE:SPB)

Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.