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

Key Points

• Analysts assign Spectrum Brands a consensus "Moderate Buy" (5 buys, 2 holds) from seven brokerages, with an average 1‑year price target of $83 and several firms raising targets to the $80–$85 range.
• Spectrum Brands beat the quarter’s estimates—EPS $1.40 vs. $0.77 and revenue $677M vs. $667.6M—though revenue was down 3.3% year‑over‑year.
• Institutional investors have been accumulating shares (notably American Century, Mitsubishi UFJ Trust, Callodine and Rovida), and the company pays a quarterly dividend of $0.47 (annualized $1.88, yield 2.2%).

Spectrum Brands Holdings Inc. (NYSE:SPB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $83.00.

Several equities research analysts have recently weighed in on SPB shares. Wells Fargo & Company raised their price objective on Spectrum Brands from $62.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Friday, February 6th. Oppenheimer raised their price objective on Spectrum Brands from $75.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 6th. Weiss Ratings raised Spectrum Brands from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Finally, Royal Bank Of Canada set a $85.00 price target on Spectrum Brands in a research note on Friday, February 6th.

Institutional Trading of Spectrum Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in Spectrum Brands by 14.5% during the 3rd quarter. American Century Companies Inc. now owns 2,052,850 shares of the company's stock worth $107,836,000 after buying an additional 260,085 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Spectrum Brands by 88.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,618 shares of the company's stock worth $1,188,000 after buying an additional 10,605 shares during the period. Rovida Advisors Inc. raised its holdings in Spectrum Brands by 1,140.4% during the 3rd quarter. Rovida Advisors Inc. now owns 60,000 shares of the company's stock worth $3,150,000 after buying an additional 55,163 shares during the period. Callodine Capital Management LP grew its stake in Spectrum Brands by 26.7% during the 3rd quarter. Callodine Capital Management LP now owns 1,714,955 shares of the company's stock valued at $90,087,000 after acquiring an additional 360,898 shares in the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in Spectrum Brands during the 3rd quarter valued at about $1,437,000.

Spectrum Brands Price Performance

NYSE:SPB opened at $84.37 on Monday. The business's 50-day moving average price is $77.29 and its 200 day moving average price is $66.05. The firm has a market cap of $1.96 billion, a P/E ratio of 19.48, a PEG ratio of 2.84 and a beta of 0.63. Spectrum Brands has a 52-week low of $49.99 and a 52-week high of $85.49. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.29.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.63. Spectrum Brands had a return on equity of 7.65% and a net margin of 3.76%.The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $667.59 million. During the same period in the previous year, the company earned $1.02 earnings per share. Spectrum Brands's revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Spectrum Brands will post 4.9 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, February 17th. Spectrum Brands's payout ratio is presently 43.42%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.

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