Brokerages Set Spectrum Brands Holdings, Inc. (NYSE:SPB) PT at $101.88

Spectrum Brands Holdings, Inc. (NYSE:SPB) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $102.38.

A number of analysts have commented on SPB shares. Canaccord Genuity Group upped their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Monday, November 18th. UBS Group upped their price objective on Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company upped their price target on Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th.

Spectrum Brands Stock Performance

SPB stock opened at $90.45 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. Spectrum Brands has a 1 year low of $65.50 and a 1 year high of $96.74. The company has a market cap of $2.54 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The stock’s fifty day moving average price is $91.45 and its 200-day moving average price is $89.69.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The firm had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Spectrum Brands will post 5.25 earnings per share for the current year.

Spectrum Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a $0.47 dividend. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, November 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.08%. Spectrum Brands’s dividend payout ratio is 41.18%.

Institutional Trading of Spectrum Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in Spectrum Brands by 5.7% in the 1st quarter. Russell Investments Group Ltd. now owns 54,154 shares of the company’s stock worth $4,820,000 after purchasing an additional 2,927 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Spectrum Brands in the first quarter worth $42,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Spectrum Brands by 19.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 44,827 shares of the company’s stock worth $3,995,000 after acquiring an additional 7,227 shares during the last quarter. Natixis grew its stake in Spectrum Brands by 402.5% during the first quarter. Natixis now owns 28,589 shares of the company’s stock valued at $2,545,000 after acquiring an additional 22,900 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Spectrum Brands by 50.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 231,933 shares of the company’s stock valued at $20,644,000 after acquiring an additional 77,835 shares during the last quarter.

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.