Spectrum Brands Holdings Inc. (NYSE:SPB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $83.00.

A number of analysts have commented on the stock. Wall Street Zen raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a report on Tuesday, November 18th. Oppenheimer raised their price target on Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Royal Bank Of Canada set a $85.00 price objective on Spectrum Brands in a research note on Friday, February 6th. Wells Fargo & Company upped their price objective on Spectrum Brands from $62.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Spectrum Brands in a research note on Monday, December 29th.

Spectrum Brands Stock Performance

Spectrum Brands stock opened at $74.44 on Friday. The company has a market cap of $1.73 billion, a PE ratio of 17.19, a PEG ratio of 2.59 and a beta of 0.64. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. Spectrum Brands has a 1 year low of $49.99 and a 1 year high of $80.42. The company’s 50-day moving average is $70.53 and its two-hundred day moving average is $60.93.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $0.77 by $0.63. Spectrum Brands had a net margin of 3.76% and a return on equity of 7.65%. The company had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $667.59 million. During the same quarter in the previous year, the company earned $1.02 EPS. Spectrum Brands’s revenue was down 3.3% on a year-over-year basis. Equities analysts anticipate that Spectrum Brands will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, February 17th. Spectrum Brands’s dividend payout ratio (DPR) is currently 43.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Spectrum Brands by 7,237.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock worth $31,000 after purchasing an additional 579 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Spectrum Brands by 96.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock valued at $37,000 after buying an additional 310 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Spectrum Brands by 111.7% in the 4th quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after buying an additional 335 shares during the period. Headlands Technologies LLC bought a new stake in shares of Spectrum Brands in the 2nd quarter valued at $41,000. Finally, SJS Investment Consulting Inc. acquired a new stake in Spectrum Brands during the 3rd quarter worth $47,000.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.