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

Key Points

• Spectrum Brands Holdings Inc. has received an average recommendation of "Moderate Buy" from analysts, with one hold and four buy ratings, while the average 1-year target price is set at $74.80.
• The company recently reported quarterly earnings with an EPS of $1.24, narrowly missing analyst estimates, and revenue of $699.60 million, reflecting a 10.2% decline year-over-year.
• Spectrum Brands announced a quarterly dividend of $0.47 per share, resulting in an annualized dividend yield of 3.3% and a payout ratio of 70.15%.

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB - Get Free Report) have received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $74.80.

A number of equities research analysts have issued reports on SPB shares. Wells Fargo & Company lowered their price target on Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. Monness Crespi & Hardt lowered their price target on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Canaccord Genuity Group lowered their price target on Spectrum Brands from $77.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada set a $75.00 price target on Spectrum Brands and gave the company an "outperform" rating in a research report on Monday, August 11th. Finally, Wall Street Zen raised Spectrum Brands from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPB. GAMMA Investing LLC boosted its holdings in Spectrum Brands by 120.3% in the second quarter. GAMMA Investing LLC now owns 489 shares of the company's stock valued at $26,000 after purchasing an additional 267 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Spectrum Brands during the second quarter valued at approximately $41,000. Blue Trust Inc. raised its stake in Spectrum Brands by 44.8% during the second quarter. Blue Trust Inc. now owns 1,060 shares of the company's stock valued at $56,000 after buying an additional 328 shares in the last quarter. Versant Capital Management Inc raised its stake in Spectrum Brands by 101.7% during the first quarter. Versant Capital Management Inc now owns 970 shares of the company's stock valued at $69,000 after buying an additional 489 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Spectrum Brands by 13.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,767 shares of the company's stock valued at $94,000 after buying an additional 215 shares in the last quarter.

Spectrum Brands Price Performance

Shares of NYSE SPB traded up $2.7110 during trading on Wednesday, reaching $57.1810. The company had a trading volume of 460,126 shares, compared to its average volume of 595,835. Spectrum Brands has a twelve month low of $50.73 and a twelve month high of $96.62. The stock has a market capitalization of $1.38 billion, a PE ratio of 21.34 and a beta of 0.86. The stock has a 50-day moving average price of $55.42 and a two-hundred day moving average price of $62.79. The company has a current ratio of 2.42, a quick ratio of 1.50 and a debt-to-equity ratio of 0.35.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). The business had revenue of $699.60 million during the quarter, compared to analysts' expectations of $742.13 million. Spectrum Brands had a net margin of 2.56% and a return on equity of 5.27%. Spectrum Brands's revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. As a group, sell-side analysts predict that Spectrum Brands will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, August 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.88 dividend on an annualized basis and a yield of 3.3%. Spectrum Brands's dividend payout ratio is currently 70.15%.

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.