Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Consensus Rating of "Hold" by Analysts

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $99.86.

Several research firms have commented on SPB. Canaccord Genuity Group lifted their price objective on shares of Spectrum Brands from $86.00 to $92.00 and gave the stock a "hold" rating in a research note on Friday, May 10th. Monness Crespi & Hardt lifted their price objective on shares of Spectrum Brands from $98.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 10th. Oppenheimer lifted their price objective on shares of Spectrum Brands from $88.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Spectrum Brands from $85.00 to $91.00 and gave the stock a "hold" rating in a research note on Friday, May 10th. Finally, Canaccord Genuity Group downgraded Spectrum Brands from a "buy" rating to a "hold" rating and lifted their target price for the stock from $83.00 to $86.00 in a research report on Friday, February 9th.

Spectrum Brands Price Performance

Shares of SPB stock traded down $2.02 on Wednesday, reaching $92.54. The company's stock had a trading volume of 684,869 shares, compared to its average volume of 404,102. The stock's fifty day simple moving average is $85.50 and its 200-day simple moving average is $80.67. Spectrum Brands has a 1 year low of $65.27 and a 1 year high of $96.74. The company has a current ratio of 3.73, a quick ratio of 3.05 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 1.86, a price-to-earnings-growth ratio of 0.41 and a beta of 1.20.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $1.13. The firm had revenue of $718.50 million during the quarter, compared to analyst estimates of $708.54 million. Spectrum Brands had a net margin of 68.11% and a return on equity of 6.43%. Spectrum Brands's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.14) earnings per share. Analysts forecast that Spectrum Brands will post 4.68 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.68 annualized dividend and a dividend yield of 1.82%. Spectrum Brands's payout ratio is currently 3.40%.

Institutional Trading of Spectrum Brands

Several institutional investors and hedge funds have recently made changes to their positions in SPB. Larson Financial Group LLC lifted its position in shares of Spectrum Brands by 72.6% during the fourth quarter. Larson Financial Group LLC now owns 359 shares of the company's stock valued at $29,000 after buying an additional 151 shares during the last quarter. Arizona State Retirement System raised its position in shares of Spectrum Brands by 1.4% in the 3rd 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 during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Spectrum Brands by 53.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company's stock valued at $36,000 after purchasing an additional 160 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Spectrum Brands by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,156 shares of the company's stock valued at $247,000 after purchasing an additional 166 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Spectrum Brands by 0.8% in the 3rd quarter. GSA Capital Partners LLP now owns 27,453 shares of the company's stock valued at $2,151,000 after purchasing an additional 226 shares during the last quarter.

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.