UBS Group Has Lowered Expectations for Spectrum Brands (NYSE:SPB) Stock Price

Spectrum Brands (NYSE:SPB) had its price target reduced by analysts at UBS Group from $106.00 to $76.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 27.15% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada lowered their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, 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 research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.43.

Spectrum Brands Stock Up 1.0 %

Shares of SPB traded up $0.62 on Thursday, hitting $59.77. 234,841 shares of the stock traded hands, compared to its average volume of 449,567. Spectrum Brands has a one year low of $57.93 and a one year high of $96.74. The company has a market capitalization of $1.57 billion, a PE ratio of 14.69, a P/E/G ratio of 1.70 and a beta of 1.03. The business has a 50 day simple moving average of $71.31 and a 200 day simple moving average of $82.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company posted $0.78 EPS. As a group, equities analysts forecast that Spectrum Brands will post 5.06 earnings per share for the current fiscal year.

Institutional Trading of Spectrum Brands

A number of institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Spectrum Brands in the fourth quarter worth $50,000. Versant Capital Management Inc increased its position in shares of Spectrum Brands by 101.7% in the 1st quarter. Versant Capital Management Inc now owns 970 shares of the company’s stock valued at $69,000 after acquiring an additional 489 shares during the period. Blue Trust Inc. raised its stake in Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after acquiring an additional 375 shares during the last quarter. KBC Group NV lifted its position in Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after acquiring an additional 390 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Spectrum Brands by 89.6% during the 4th quarter. Lazard Asset Management LLC now owns 1,464 shares of the company’s stock worth $123,000 after acquiring an additional 692 shares during the period.

Spectrum Brands Company Profile

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.