Spectrum Brands Holdings, Inc. (NYSE:SPB) Receives Average Rating of "Hold" from Analysts

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) have earned an average rating of "Hold" from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $89.17.

A number of research analysts have issued reports on the company. StockNews.com upgraded Spectrum Brands from a "sell" rating to a "hold" rating in a research note on Saturday, December 30th. Canaccord Genuity Group reiterated a "hold" rating and issued a $86.00 price target (up previously from $83.00) on shares of Spectrum Brands in a research note on Friday, February 9th. Canaccord Genuity Group lowered shares of Spectrum Brands from a "buy" rating to a "hold" rating and raised their price objective for the company from $83.00 to $86.00 in a research note on Friday, February 9th. Wells Fargo & Company upped their price objective on Spectrum Brands from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada lifted their target price on Spectrum Brands from $89.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, February 9th.

Hedge Funds Weigh In On Spectrum Brands

Several institutional investors have recently made changes to their positions in SPB. Captrust Financial Advisors raised its position in Spectrum Brands by 31.7% in the first quarter. Captrust Financial Advisors now owns 503 shares of the company's stock worth $45,000 after acquiring an additional 121 shares during the period. Larson Financial Group LLC raised its holdings in Spectrum Brands by 72.6% in the 4th quarter. Larson Financial Group LLC now owns 359 shares of the company's stock worth $29,000 after purchasing an additional 151 shares during the period. Arizona State Retirement System lifted its position in Spectrum Brands by 1.4% during the third quarter. Arizona State Retirement System now owns 11,675 shares of the company's stock valued at $915,000 after purchasing an additional 158 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Spectrum Brands by 2.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,519 shares of the company's stock valued at $440,000 after purchasing an additional 158 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in Spectrum Brands by 53.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company's stock worth $36,000 after buying an additional 160 shares in the last quarter.

Spectrum Brands Stock Down 1.2 %

Spectrum Brands stock traded down $1.07 on Tuesday, hitting $85.11. 485,525 shares of the stock traded hands, compared to its average volume of 398,527. The business's fifty day simple moving average is $83.06 and its 200 day simple moving average is $78.61. The firm has a market cap of $2.58 billion, a P/E ratio of 1.85, a price-to-earnings-growth ratio of 0.62 and a beta of 1.20. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.60. Spectrum Brands has a 1 year low of $63.64 and a 1 year high of $89.64.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.31 by $0.47. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The business had revenue of $692.20 million for the quarter, compared to analyst estimates of $674.20 million. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Spectrum Brands's quarterly revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Spectrum Brands will post 3.79 earnings per share for the current year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, February 16th. Spectrum Brands's dividend payout ratio (DPR) is presently 3.65%.

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.