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

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

Separately, Canaccord Genuity Group raised their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, November 18th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SPB. Everence Capital Management Inc. acquired a new position in shares of Spectrum Brands during the 4th quarter worth about $553,000. Franklin Resources Inc. raised its holdings in Spectrum Brands by 2.6% during the third quarter. Franklin Resources Inc. now owns 14,792 shares of the company’s stock worth $1,356,000 after acquiring an additional 381 shares in the last quarter. M&T Bank Corp bought a new stake in Spectrum Brands during the third quarter worth about $221,000. Barclays PLC grew its stake in Spectrum Brands by 71.4% in the third quarter. Barclays PLC now owns 35,407 shares of the company’s stock valued at $3,369,000 after purchasing an additional 14,746 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Spectrum Brands by 10,046.3% during the 3rd quarter. National Bank of Canada FI now owns 44,441 shares of the company’s stock worth $4,228,000 after purchasing an additional 44,003 shares during the last quarter.

Spectrum Brands Price Performance

SPB opened at $83.93 on Tuesday. The stock has a market cap of $2.35 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.58 and a beta of 1.20. Spectrum Brands has a 12 month low of $75.50 and a 12 month high of $96.74. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $89.76 and a 200 day simple moving average of $89.19.

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

Spectrum Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were issued a $0.47 dividend. The ex-dividend date was Tuesday, November 26th. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.24%. Spectrum Brands’s dividend payout ratio (DPR) is 46.08%.

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.