Shares of Spectrum Brands (NYSE:SPB) have received an average rating of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $129.70.
Several equities research analysts recently weighed in on the company. BMO Capital Markets dropped their target price on Spectrum Brands from $132.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, February 13th. Wells Fargo set a $120.00 target price on Spectrum Brands and gave the company a “buy” rating in a report on Sunday, March 11th. Zacks Investment Research upgraded Spectrum Brands from a “sell” rating to a “hold” rating in a report on Thursday, March 29th. Monness Crespi & Hardt dropped their target price on Spectrum Brands from $137.00 to $103.00 and set a “buy” rating for the company in a report on Friday, April 27th. Finally, Oppenheimer dropped their target price on Spectrum Brands from $130.00 to $105.00 and set an “outperform” rating for the company in a report on Friday.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank raised its position in Spectrum Brands by 0.5% during the 4th quarter. Swiss National Bank now owns 97,200 shares of the company’s stock valued at $10,925,000 after purchasing an additional 500 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Spectrum Brands by 30.4% in the 4th quarter. Verition Fund Management LLC now owns 2,494 shares of the company’s stock worth $280,000 after acquiring an additional 581 shares in the last quarter. Texas Yale Capital Corp. raised its position in shares of Spectrum Brands by 5.4% in the 4th quarter. Texas Yale Capital Corp. now owns 12,769 shares of the company’s stock worth $1,435,000 after acquiring an additional 649 shares in the last quarter. Reilly Financial Advisors LLC raised its position in shares of Spectrum Brands by 4.8% in the 1st quarter. Reilly Financial Advisors LLC now owns 15,332 shares of the company’s stock worth $1,590,000 after acquiring an additional 696 shares in the last quarter. Finally, GoodHaven Capital Management LLC raised its position in shares of Spectrum Brands by 1.0% in the 1st quarter. GoodHaven Capital Management LLC now owns 83,985 shares of the company’s stock worth $8,709,000 after acquiring an additional 795 shares in the last quarter. 47.31% of the stock is owned by institutional investors and hedge funds.
SPB stock traded up $1.44 during trading on Monday, hitting $79.05. 525,800 shares of the company traded hands, compared to its average volume of 898,529. The stock has a market capitalization of $4.30 billion, a PE ratio of 14.48, a P/E/G ratio of 1.59 and a beta of 0.83. Spectrum Brands has a 1 year low of $60.13 and a 1 year high of $138.45. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.76 and a quick ratio of 2.22.
Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, April 26th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.45). The company had revenue of $766.10 million for the quarter, compared to analysts’ expectations of $798.83 million. Spectrum Brands had a net margin of 8.25% and a return on equity of 12.68%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 earnings per share. analysts anticipate that Spectrum Brands will post 3.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Tuesday, May 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Monday, May 14th. Spectrum Brands’s payout ratio is 30.77%.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc manufactures, markets, and distributes branded consumer products. Its Global Batteries & Appliances segment offers consumer batteries; personal care products, including electric shaving and grooming products, and hair care appliances and accessories; and small appliances, such as small kitchen and home appliances.
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