Brokerages Set Spectrum Brands Holdings, Inc. (NYSE:SPB) PT at $103.43

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $103.43.

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $94.00 to $102.00 in a research note on Friday, February 7th. UBS Group cut their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada decreased their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Wells Fargo & Company cut their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th.

Spectrum Brands Price Performance

Shares of SPB opened at $71.52 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $77.70 and its 200 day simple moving average is $85.70. Spectrum Brands has a 1-year low of $68.74 and a 1-year high of $96.74. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.70 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the previous year, the company earned $0.78 earnings per share. On average, research analysts forecast that Spectrum Brands will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.63%. Spectrum Brands’s payout ratio is presently 46.19%.

Institutional Investors Weigh In On Spectrum Brands

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. raised its holdings in Spectrum Brands by 15.9% in the 3rd quarter. Citigroup Inc. now owns 41,048 shares of the company’s stock valued at $3,905,000 after acquiring an additional 5,641 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Spectrum Brands by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock valued at $38,089,000 after purchasing an additional 7,198 shares in the last quarter. Empowered Funds LLC bought a new stake in Spectrum Brands during the fourth quarter worth about $387,000. Everence Capital Management Inc. acquired a new stake in Spectrum Brands during the fourth quarter worth about $553,000. Finally, SG Americas Securities LLC increased its holdings in Spectrum Brands by 478.4% in the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company’s stock valued at $1,141,000 after buying an additional 11,166 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.