Spectrum Brands Holdings Inc. (NYSE:SPB) Stock Has Average Target Price of $97.86 According to Analysts

Key Points

• Analysts give Spectrum Brands a “Moderate Buy” consensus, with four buy ratings and four hold ratings. The average 12-month price target is $97.86, implying potential upside from the reported $76.52 share price.
• Spectrum Brands exceeded quarterly expectations, reporting $2.79 in EPS versus a $1.46 consensus and revenue of $753.3 million, up 7.7% year over year.
• The company maintains a quarterly dividend of $0.47 per share, equivalent to an annualized $1.88 payout and a 2.5% dividend yield.

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight research firms that are currently covering the firm, MarketBeat Ratings 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 brokerages that have issued a report on the stock in the last year is $97.86.

A number of equities analysts have commented on SPB shares. Canaccord Genuity Group lifted their price objective on shares of Spectrum Brands from $99.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Wells Fargo & Company dropped their target price on shares of Spectrum Brands from $90.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, October 5th. UBS Group assumed coverage on shares of Spectrum Brands in a report on Thursday, October 15th. They set a "buy" rating and a $97.00 target price on the stock. Finally, Oppenheimer raised their price target on shares of Spectrum Brands from $85.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th.

Spectrum Brands Price Performance

Shares of SPB opened at $76.52 on Tuesday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.80 and a beta of 0.78. The stock has a 50 day moving average of $84.41 and a 200-day moving average of $83.40. The company has a current ratio of 2.41, a quick ratio of 1.61 and a debt-to-equity ratio of 0.33. Spectrum Brands has a 52 week low of $51.41 and a 52 week high of $99.06.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $2.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $1.33. The business had revenue of $753.30 million during the quarter, compared to the consensus estimate of $732.19 million. Spectrum Brands had a return on equity of 10.06% and a net margin of 2.76%. The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. As a group, analysts forecast that Spectrum Brands will post 6.39 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, August 25th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 25th. Spectrum Brands's dividend payout ratio is currently 57.32%.

Institutional Investors Weigh In On Spectrum Brands

Several institutional investors and hedge funds have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC bought a new stake in Spectrum Brands in the third quarter valued at $900,000. Assenagon Asset Management S.A. boosted its holdings in shares of Spectrum Brands by 11.9% during the third quarter. Assenagon Asset Management S.A. now owns 130,948 shares of the company's stock valued at $10,412,000 after acquiring an additional 13,893 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Spectrum Brands during the second quarter valued at $1,949,000. Integrated Wealth Concepts LLC acquired a new position in shares of Spectrum Brands during the second quarter valued at $70,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Spectrum Brands by 2.5% during the second quarter. Squarepoint Ops LLC now owns 12,418 shares of the company's stock valued at $1,065,000 after acquiring an additional 302 shares during the period.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company headquartered in Middleton, Wisconsin. The company develops, markets and distributes branded products for use in homes, gardens and by pet owners, selling through mass retailers, e-commerce channels, specialty stores and other retail outlets in North America and international markets.

Spectrum Brands' portfolio has historically included home and personal care products under brands such as Remington, Russell Hobbs, George Foreman and Black+Decker, as well as pet care products marketed under brands including Tetra, FURminator, Nature's Miracle and 8-in-1.

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