Spectrum Brands Holdings, Inc. (NYSE:SPB) Receives $101.88 Average Target Price from Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $101.88.

Several analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. UBS Group upped their price objective on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and issued a $114.00 price objective on shares of Spectrum Brands in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group cut their target price on Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a research report on Monday, July 1st.

Spectrum Brands Trading Up 1.4 %

Shares of SPB stock opened at $95.14 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.28. Spectrum Brands has a 1 year low of $65.27 and a 1 year high of $96.74. The stock has a fifty day moving average of $89.64 and a two-hundred day moving average of $87.59. The firm has a market capitalization of $2.67 billion, a PE ratio of 1.93, a price-to-earnings-growth ratio of 0.34 and a beta of 1.22.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.25). The firm had revenue of $779.40 million during the quarter, compared to analyst estimates of $750.97 million. Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. As a group, research analysts expect that Spectrum Brands will post 4.78 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, August 27th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, August 27th. Spectrum Brands’s payout ratio is 3.40%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Fidelis Capital Partners LLC acquired a new position in Spectrum Brands during the first quarter valued at $27,000. Central Pacific Bank Trust Division acquired a new position in Spectrum Brands during the first quarter valued at $30,000. Versant Capital Management Inc raised its position in Spectrum Brands by 1,923.8% during the second quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock valued at $37,000 after buying an additional 404 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Spectrum Brands during the first quarter valued at $42,000. Finally, Quarry LP raised its position in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company’s stock valued at $49,000 after buying an additional 450 shares during the period.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.