Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Consensus Rating of “Moderate Buy” by Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $103.43.

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada decreased their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $94.00 to $102.00 in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Spectrum Brands by 13.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,259 shares of the company’s stock worth $275,000 after buying an additional 396 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Spectrum Brands in the fourth quarter valued at $2,758,000. Pullen Investment Management LLC boosted its stake in Spectrum Brands by 47.1% in the fourth quarter. Pullen Investment Management LLC now owns 12,028 shares of the company’s stock valued at $1,016,000 after acquiring an additional 3,849 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Spectrum Brands by 10.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,250 shares of the company’s stock worth $8,893,000 after buying an additional 9,911 shares during the period. Finally, Voloridge Investment Management LLC raised its position in Spectrum Brands by 142.8% in the 4th quarter. Voloridge Investment Management LLC now owns 24,926 shares of the company’s stock valued at $2,106,000 after purchasing an additional 14,662 shares during the last quarter.

Spectrum Brands Price Performance

NYSE SPB opened at $71.01 on Friday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.70 and a beta of 1.20. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $77.41 and its two-hundred day moving average is $85.54. Spectrum Brands has a 12 month low of $68.74 and a 12 month high of $96.74.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period in the prior year, the company earned $0.78 EPS. As a group, research analysts anticipate that Spectrum Brands will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%. Spectrum Brands’s payout ratio is 46.19%.

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.