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 rating of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $85.00.

A number of brokerages have commented on SPB. Wells Fargo & Company lowered their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. UBS Group increased their price objective on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Monness Crespi & Hardt cut their price objective on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Finally, Canaccord Genuity Group set a $77.00 target price on shares of Spectrum Brands and gave the stock a "buy" rating in a research report on Wednesday, June 25th.

Insider Buying and Selling at Spectrum Brands

In other news, CEO David M. Maura sold 66,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $65.53, for a total transaction of $4,324,980.00. Following the completion of the sale, the chief executive officer directly owned 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 filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in Spectrum Brands in the first quarter valued at approximately $1,716,000. Acadian Asset Management LLC raised its position in Spectrum Brands by 1,433.7% in the first quarter. Acadian Asset Management LLC now owns 101,728 shares of the company's stock valued at $7,268,000 after purchasing an additional 95,095 shares during the period. Focus Partners Wealth acquired a new position in shares of Spectrum Brands during the first quarter worth about $204,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Spectrum Brands by 6.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 111,571 shares of the company's stock worth $7,983,000 after buying an additional 6,321 shares during the period. Finally, Caxton Associates LLP purchased a new stake in shares of Spectrum Brands during the first quarter valued at approximately $1,849,000.

Spectrum Brands Price Performance

Spectrum Brands stock traded up $0.96 during trading hours on Tuesday, hitting $56.38. The stock had a trading volume of 564,627 shares, compared to its average volume of 446,600. Spectrum Brands has a 1-year low of $50.73 and a 1-year high of $96.62. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 26.98 and a beta of 0.90. The stock's fifty day moving average is $58.37 and its two-hundred day moving average is $70.11. 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 (NYSE:SPB - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.67). Spectrum Brands had a net margin of 2.02% and a return on equity of 5.20%. The business had revenue of $675.70 million for the quarter, compared to analysts' expectations of $701.00 million. During the same quarter last year, the business posted $1.62 earnings per share. The business's revenue was down 6.0% compared to the same quarter last year. As a group, analysts predict that Spectrum Brands will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.33%. The ex-dividend date was Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) 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.