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

Spectrum Brands Holdings Inc. (NYSE:SPB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $85.00.

Several analysts recently commented on the company. Canaccord Genuity Group set a $77.00 target price on Spectrum Brands and gave the company a "buy" rating in a report on Wednesday, June 25th. UBS Group upped their price objective on shares of Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, May 9th. 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. Finally, Monness Crespi & Hardt cut their price target on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th.

Insider Activity at Spectrum Brands

In related news, CEO David M. Maura sold 5,180 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $63.77, for a total transaction of $330,328.60. Following the transaction, the chief executive officer directly owned 718,427 shares of the company's stock, valued at approximately $45,814,089.79. This represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Spectrum Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in Spectrum Brands in the 4th quarter valued at $50,000. Versant Capital Management Inc lifted its stake in shares of Spectrum Brands by 101.7% in 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. New York State Teachers Retirement System acquired a new position in shares of Spectrum Brands during the first quarter valued at about $118,000. Lazard Asset Management LLC increased its position in shares of Spectrum Brands by 89.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock worth $123,000 after acquiring an additional 692 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Spectrum Brands in the 1st quarter worth about $157,000.

Spectrum Brands Trading Up 0.2%

NYSE SPB traded up $0.14 during trading hours on Tuesday, reaching $56.58. The company's stock had a trading volume of 480,962 shares, compared to its average volume of 447,718. The firm has a fifty day simple moving average of $58.26 and a 200-day simple moving average of $69.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.34 and a quick ratio of 1.40. Spectrum Brands has a 52 week low of $50.73 and a 52 week high of $96.62. The stock has a market cap of $1.39 billion, a P/E ratio of 27.07 and a beta of 0.90.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a return on equity of 5.20% and a net margin of 2.02%. The business had revenue of $675.70 million for the quarter, compared to analyst estimates of $701.00 million. During the same quarter last year, the firm posted $1.62 EPS. Spectrum Brands's revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts forecast that Spectrum Brands will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.32%. Spectrum Brands's dividend payout ratio (DPR) is presently 89.95%.

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.