Spectrum Brands (NYSE:SPB) Hits New 1-Year Low – Time to Sell?

Spectrum Brands Holdings, Inc. (NYSE:SPB)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $68.74 and last traded at $70.05, with a volume of 986162 shares changing hands. The stock had previously closed at $70.07.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group reduced their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Wells Fargo & Company cut their price objective on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Royal Bank of Canada lowered their price objective on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.43.

Spectrum Brands Trading Down 2.0 %

The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.70 and a beta of 1.20. The firm has a 50 day moving average price of $78.28 and a two-hundred day moving average price of $85.91.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter in the prior year, the firm posted $0.78 earnings per share. As a group, equities analysts forecast that Spectrum Brands Holdings, Inc. 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 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.69%. Spectrum Brands’s dividend payout ratio (DPR) is currently 46.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in Spectrum Brands during the third quarter worth approximately $31,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands during the 4th quarter worth approximately $50,000. Quantbot Technologies LP bought a new stake in shares of Spectrum Brands in the 3rd quarter valued at $62,000. Quarry LP lifted its position in shares of Spectrum Brands by 70.9% during the 3rd quarter. Quarry LP now owns 974 shares of the company’s stock valued at $93,000 after acquiring an additional 404 shares during the period. Finally, Blue Trust Inc. grew its holdings in Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after purchasing an additional 375 shares during the period.

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.