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

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $89.17.

SPB has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Monness Crespi & Hardt lowered their target price on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada lowered their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, UBS Group lifted their target price on shares of Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, May 9th.

Spectrum Brands Trading Down 0.5%

Shares of SPB opened at $55.94 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The firm has a 50 day simple moving average of $61.96 and a 200-day simple moving average of $75.42. Spectrum Brands has a 1-year low of $54.55 and a 1-year high of $96.62. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00.

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

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.36%. Spectrum Brands's dividend payout ratio (DPR) is presently 89.95%.

Insider Buying and Selling at Spectrum Brands

In other Spectrum Brands news, CEO David M. Maura sold 66,000 shares of Spectrum Brands stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $65.53, for a total value of $4,324,980.00. Following the transaction, the chief executive officer now owns 723,607 shares in the company, valued at $47,417,966.71. This trade represents a 8.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Spectrum Brands

A number of hedge funds have recently made changes to their positions in SPB. Barclays PLC boosted its holdings in shares of Spectrum Brands by 71.4% in the 3rd quarter. Barclays PLC now owns 35,407 shares of the company's stock valued at $3,369,000 after purchasing an additional 14,746 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after acquiring an additional 375 shares in the last quarter. KBC Group NV lifted its holdings in shares of Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after acquiring an additional 390 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Spectrum Brands during the 4th quarter valued at $829,000. Finally, Empowered Funds LLC acquired a new position in shares of Spectrum Brands during the 4th quarter valued at $387,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.