Spectrum Brands Holdings Inc. (NYSE:SPB) Stock Has Consensus Target Price of $97.86

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $97.86.

A number of research firms have recently commented on SPB. Royal Bank Of Canada lowered Spectrum Brands from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $85.00 to $92.00 in a research note on Monday, August 10th. UBS Group started coverage on Spectrum Brands in a research note on Thursday, October 15th. They set a “buy” rating and a $97.00 target price for the company. Wall Street Zen upgraded Spectrum Brands from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $96.00 target price on shares of Spectrum Brands in a report on Monday, August 10th. Finally, Oppenheimer increased their price objective on Spectrum Brands from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, August 10th.

Institutional Trading of Spectrum Brands

Institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC acquired a new position in Spectrum Brands during the second quarter worth $207,584,000. BlackRock Inc. acquired a new position in Spectrum Brands during the 2nd quarter worth about $166,197,000. Alberta Investment Management Corp bought a new stake in Spectrum Brands during the 2nd quarter worth about $46,353,000. Manning & Napier Advisors LLC bought a new stake in Spectrum Brands during the 2nd quarter worth about $26,496,000. Finally, Bank of America Corp DE acquired a new stake in Spectrum Brands in the 2nd quarter valued at about $24,742,000.

Spectrum Brands Stock Up 2.6%

SPB stock opened at $81.04 on Tuesday. The company has a 50 day moving average of $83.85 and a two-hundred day moving average of $83.51. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 2.82 and a beta of 0.78. Spectrum Brands has a 12-month low of $51.41 and a 12-month high of $99.06. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.33.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Friday, August 7th. The company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $1.33. The business had revenue of $753.30 million during the quarter, compared to analyst estimates of $732.19 million. Spectrum Brands had a return on equity of 10.06% and a net margin of 2.76%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. On average, equities analysts anticipate that Spectrum Brands will post 6.39 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, August 25th were given a $0.47 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.3%. Spectrum Brands’s dividend payout ratio (DPR) is currently 57.32%.

About Spectrum Brands

Spectrum Brands Holdings, Inc (NYSE:SPB) is a consumer products company that develops, markets and distributes branded products for households and pets. The company sells its products through retailers, e-commerce channels and other distribution partners in the United States and international markets.

Spectrum Brands’ Home and Personal Care portfolio includes small household appliances, personal-care products and related accessories sold under brands such as Remington, Russell Hobbs, George Foreman and Farberware.