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

Key Points

• Spectrum Brands Holdings Inc. has received a consensus recommendation of "Moderate Buy" from five research firms, with four analysts rating it a buy and one a hold.
• The company reported a quarterly EPS of $1.24, slightly missing the consensus estimate, along with a revenue of $699.60 million that also fell short of expectations.
• Spectrum Brands announced a quarterly dividend of $0.47 per share, representing an annualized dividend yield of 3.5%, with a dividend payout ratio currently at 70.15%.

Spectrum Brands Holdings Inc. (NYSE:SPB - Get Free Report) has earned an average rating of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $74.80.

A number of equities research analysts have issued reports on the company. 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. 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. Wall Street Zen raised Spectrum Brands from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, 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.

Institutional Investors Weigh In On Spectrum Brands

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its position in shares of Spectrum Brands by 13.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,767 shares of the company's stock worth $94,000 after buying an additional 215 shares during the period. GAMMA Investing LLC lifted its stake in shares of Spectrum Brands by 120.3% in the second quarter. GAMMA Investing LLC now owns 489 shares of the company's stock worth $26,000 after acquiring an additional 267 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Spectrum Brands by 44.8% in the second quarter. Blue Trust Inc. now owns 1,060 shares of the company's stock worth $56,000 after acquiring an additional 328 shares in the last quarter. Pullen Investment Management LLC lifted its stake in shares of Spectrum Brands by 2.8% in the first quarter. Pullen Investment Management LLC now owns 12,361 shares of the company's stock worth $884,000 after acquiring an additional 333 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Spectrum Brands by 13.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,259 shares of the company's stock worth $275,000 after acquiring an additional 396 shares in the last quarter.

Spectrum Brands Trading Up 3.4%

Spectrum Brands stock traded up $1.77 during trading on Friday, hitting $54.53. The company's stock had a trading volume of 520,000 shares, compared to its average volume of 364,938. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 20.35 and a beta of 0.83. The stock's fifty day moving average is $55.82 and its 200 day moving average is $59.77. Spectrum Brands has a 1-year low of $50.73 and a 1-year high of $96.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.50 and a current ratio of 2.42.

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

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, August 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 3.4%. Spectrum Brands's dividend payout ratio is presently 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.