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 Stock Up 0.4 %
Spectrum Brands stock traded up $0.31 during mid-day trading on Thursday, reaching $70.04. 22,198 shares of the company's stock were exchanged, compared to its average volume of 424,736. The company has a market cap of $2.86 billion, a P/E ratio of 28.23 and a beta of 1.29. Spectrum Brands has a twelve month low of $63.28 and a twelve month high of $107.22. The company has a quick ratio of 2.03, a current ratio of 2.64 and a debt-to-equity ratio of 2.44. The company has a fifty day moving average of $77.05 and a 200-day moving average of $84.70.
Spectrum Brands Dividend Announcement
The firm also recently announced 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 is Monday, August 29th. This represents a $1.68 dividend on an annualized basis and a yield of 2.40%. Spectrum Brands's dividend payout ratio (DPR) is presently 68.02%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on SPB. TheStreet cut shares of Spectrum Brands from a "b-" rating to a "c" rating in a research note on Friday, May 6th. UBS Group lowered their price objective on shares of Spectrum Brands from $119.00 to $109.00 and set a "buy" rating for the company in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Spectrum Brands from $114.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, July 12th. Wells Fargo & Company lowered their price objective on shares of Spectrum Brands from $122.00 to $100.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Finally, Raymond James began coverage on shares of Spectrum Brands in a research report on Tuesday, July 12th. They set a "market perform" rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $108.00.