Analysts Set Spectrum Brands Holdings, Inc. (NYSE:SPB) Price Target at $89.80

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $89.80.

Several research firms have issued reports on SPB. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price target for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. 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 research report on Friday. Wells Fargo & Company lowered their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada lowered their price objective 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.

Spectrum Brands Price Performance

NYSE:SPB traded up $1.21 during midday trading on Monday, hitting $67.27. 531,296 shares of the stock were exchanged, compared to its average volume of 418,131. Spectrum Brands has a one year low of $56.50 and a one year high of $96.62. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 1.70 and a beta of 1.00. The business has a 50-day moving average price of $65.88 and a two-hundred day moving average price of $78.92. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.67). The business had revenue of $675.70 million during the quarter, compared to analyst estimates of $701.00 million. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The company's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 EPS. Sell-side analysts predict that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands's dividend payout ratio is 89.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in Spectrum Brands during the 4th quarter worth $50,000. Versant Capital Management Inc increased its holdings 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 purchasing an additional 489 shares during the period. Blue Trust Inc. increased its stake in Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after acquiring an additional 375 shares during the period. KBC Group NV increased its stake in Spectrum Brands by 46.3% in 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, New York State Teachers Retirement System bought a new stake in Spectrum Brands during the first quarter worth about $118,000.

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.