Spectrum Brands Holdings Inc. (NYSE:SPB) Given Average Rating of "Moderate Buy" by Analysts

Spectrum Brands Holdings Inc. (NYSE:SPB - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $84.17.

A number of research firms have issued reports on SPB. Wells Fargo & Company cut their price objective on shares of Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 9th. UBS Group lifted their price objective on shares of Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group set a $77.00 price target on shares of Spectrum Brands and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Monness Crespi & Hardt cut their price target on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th.

Insider Transactions at Spectrum Brands

In related news, CEO David M. Maura sold 5,180 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $63.77, for a total value of $330,328.60. Following the sale, the chief executive officer directly owned 718,427 shares in the company, valued at approximately $45,814,089.79. The trade was a 0.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company's stock.

Institutional Investors Weigh In On Spectrum Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its stake in Spectrum Brands by 10.5% in the 2nd quarter. Pzena Investment Management LLC now owns 1,474,451 shares of the company's stock valued at $78,146,000 after acquiring an additional 140,418 shares during the period. American Century Companies Inc. raised its stake in Spectrum Brands by 7.5% in the 1st quarter. American Century Companies Inc. now owns 1,319,420 shares of the company's stock valued at $94,405,000 after acquiring an additional 92,418 shares during the period. Alberta Investment Management Corp raised its stake in Spectrum Brands by 33.1% in the 1st quarter. Alberta Investment Management Corp now owns 750,029 shares of the company's stock valued at $53,665,000 after acquiring an additional 186,729 shares during the period. Callodine Capital Management LP raised its stake in Spectrum Brands by 38.4% in the 1st quarter. Callodine Capital Management LP now owns 730,000 shares of the company's stock valued at $52,232,000 after acquiring an additional 202,500 shares during the period. Finally, Armistice Capital LLC raised its stake in Spectrum Brands by 20.0% in the 1st quarter. Armistice Capital LLC now owns 691,000 shares of the company's stock valued at $49,441,000 after acquiring an additional 115,143 shares during the period.

Spectrum Brands Price Performance

SPB opened at $60.27 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.34 and a quick ratio of 1.40. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.84 and a beta of 0.90. The firm's fifty day moving average price is $56.02 and its two-hundred day moving average price is $66.80. Spectrum Brands has a 1 year low of $50.73 and a 1 year high of $96.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). The firm had revenue of $675.70 million for the quarter, compared to analysts' expectations of $701.00 million. Spectrum Brands had a return on equity of 5.20% and a net margin of 2.02%. Spectrum Brands's revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 earnings per share. As a group, analysts anticipate that Spectrum Brands will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is currently 89.95%.

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.

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