Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. 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, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands. The Global Pet Care segment provides rawhide chewing, dog and cat clean-up and food, training, health and grooming, small animal food and care, and rawhide-free products under the 8IN1 (8-in-1), Dingo, Nature's Miracle, Wild Harvest, Littermaid, Jungle, Excel, FURminator, IAMS, Eukanuba, Healthy-Hide, DreamBone, SmartBones, ProSense, Perfect Coat, eCOTRITION, Birdola, Good Boy, Meowee!, Wildbird, and Wafcol brands. This segment also offers aquarium kits, stand-alone tanks, and aquatics equipment and consumables under the Tetra, Marineland, Whisper, Instant Ocean, GloFish, OmegaOne, and OmegaSea brands. The Home and Garden segment provides outdoor insect and weed control solutions, and animal repellents under the Spectracide, Garden Safe, Liquid Fence, and EcoLogic brands; household pest control solutions under the Hot Shot, Black Flag, Real-Kill, Ultra Kill, The Ant Trap, and Rid-A-Bug brand names; household surface cleaning, maintenance, and restoration products, including bottled liquids, mops, wipes, and markers under the Rejuvenate brand name; and personal-use pesticides and insect repellent products under the Cutter and Repel brands. The company sells its products through retailers, e-commerce and online retailers, wholesalers, and distributors. Spectrum Brands Holdings, Inc. was incorporated in 2009 and is headquartered in Middleton, Wisconsin.
Spectrum Brands Price Performance
Shares of NYSE:SPB opened at $69.90 on Friday. Spectrum Brands has a twelve month low of $63.28 and a twelve month high of $107.22. The company has a current ratio of 2.64, a quick ratio of 2.03 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 28.30 and a beta of 1.29. The firm has a 50-day moving average of $76.41 and a two-hundred day moving average of $84.46.
Spectrum Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Tuesday, August 30th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.68 annualized dividend and a yield of 2.40%. Spectrum Brands's payout ratio is presently 68.02%.
Wall Street Analyst Weigh In
SPB has been the subject of several research analyst reports. TheStreet downgraded shares of Spectrum Brands from a "b-" rating to a "c" rating in a report on Friday, May 6th. Oppenheimer reduced their price objective on shares of Spectrum Brands from $125.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, July 18th. UBS Group reduced their price objective on shares of Spectrum Brands from $119.00 to $109.00 and set a "buy" rating for the company in a report on Monday, July 18th. Wells Fargo & Company reduced their price objective on shares of Spectrum Brands from $122.00 to $100.00 and set an "overweight" rating for the company in a report on Monday, July 18th. Finally, Raymond James started coverage on shares of Spectrum Brands in a report on Tuesday, July 12th. They issued a "market perform" rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $108.00.