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

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) have been given an average rating of "Moderate Buy" by the seven brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $95.43.

A number of research analysts have commented on the company. Wells Fargo & Company reduced their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. UBS Group lowered their target price on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday. Royal Bank of Canada reduced 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 report on Friday, February 7th. Finally, Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their price objective for the stock from $94.00 to $102.00 in a research note on Friday, February 7th.

Spectrum Brands Stock Down 1.5 %

Shares of SPB stock traded down $0.92 during mid-day trading on Thursday, reaching $58.89. 589,077 shares of the company were exchanged, compared to its average volume of 406,693. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The business's 50 day simple moving average is $70.28 and its 200 day simple moving average is $81.80. The company has a market capitalization of $1.55 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.70 and a beta of 1.03. Spectrum Brands has a fifty-two week low of $57.66 and a fifty-two week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the prior year, the company posted $0.78 earnings per share. Research analysts predict that Spectrum Brands will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.19%. Spectrum Brands's dividend payout ratio (DPR) is presently 46.19%.

Institutional Trading of Spectrum Brands

Several large investors have recently added to or reduced their stakes in SPB. Steward Partners Investment Advisory LLC acquired a new position in shares of Spectrum Brands during the fourth quarter valued at $50,000. Versant Capital Management Inc raised its position in shares of Spectrum Brands by 101.7% during the 1st quarter. Versant Capital Management Inc now owns 970 shares of the company's stock worth $69,000 after buying an additional 489 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after acquiring an additional 375 shares during the period. KBC Group NV increased its stake in shares of Spectrum Brands by 46.3% during the fourth quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after acquiring an additional 390 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Spectrum Brands by 89.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock worth $123,000 after purchasing an additional 692 shares in 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.