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

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $89.17.

SPB has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on 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. UBS Group boosted their price target on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Monness Crespi & Hardt dropped their target price on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th.

Insiders Place Their Bets

In related news, CEO David M. Maura sold 66,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $65.53, for a total value of $4,324,980.00. Following the sale, the chief executive officer now owns 723,607 shares in the company, valued at $47,417,966.71. This represents a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Spectrum Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the 4th quarter worth approximately $50,000. Versant Capital Management Inc grew its holdings in shares of Spectrum Brands by 101.7% in the 1st quarter. Versant Capital Management Inc now owns 970 shares of the company's stock worth $69,000 after acquiring an additional 489 shares during the period. Blue Trust Inc. lifted its stake in Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after buying an additional 375 shares in the last quarter. KBC Group NV lifted its stake in Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after buying an additional 390 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in Spectrum Brands in the 1st quarter valued at approximately $118,000.

Spectrum Brands Stock Performance

SPB stock traded up $0.26 during trading on Friday, hitting $56.11. The company had a trading volume of 416,691 shares, compared to its average volume of 417,286. The firm has a market cap of $1.40 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.70 and a beta of 0.93. Spectrum Brands has a 1-year low of $54.55 and a 1-year high of $96.62. The firm has a 50-day moving average price of $61.35 and a 200-day moving average price of $74.74. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued 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 company had revenue of $675.70 million during the quarter, compared to analyst estimates of $701.00 million. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The business's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 EPS. On average, analysts expect that Spectrum Brands will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm 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 annualized dividend and a yield of 3.35%. The ex-dividend date is Tuesday, May 27th. Spectrum Brands's payout ratio is 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.