Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Consensus Rating of “Moderate Buy” by Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $102.38.

Separately, Canaccord Genuity Group lifted their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Waldron Private Wealth LLC purchased a new position in shares of Spectrum Brands during the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new position in Spectrum Brands during the third quarter worth about $31,000. International Assets Investment Management LLC increased its holdings in Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after purchasing an additional 471 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after buying an additional 261 shares in the last quarter. Finally, Quarry LP increased its stake in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after purchasing an additional 450 shares during the period.

Spectrum Brands Price Performance

Shares of Spectrum Brands stock opened at $85.56 on Friday. The firm has a market cap of $2.40 billion, a PE ratio of 20.97, a P/E/G ratio of 1.58 and a beta of 1.19. Spectrum Brands has a twelve month low of $75.50 and a twelve month high of $96.74. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $91.25 and a 200 day moving average price of $89.65.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business had revenue of $773.70 million during the quarter, compared to analysts’ expectations of $747.80 million. During the same quarter last year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts predict that Spectrum Brands will post 5.25 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were paid a $0.47 dividend. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Tuesday, November 26th. Spectrum Brands’s dividend payout ratio (DPR) is currently 46.08%.

About Spectrum Brands

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.