Spectrum Brands Holdings Inc. (NYSE:SPB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $86.20.

Several analysts recently issued reports on the stock. Royal Bank Of Canada set a $85.00 price objective on shares of Spectrum Brands in a report on Friday, February 6th. Weiss Ratings raised shares of Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $81.00 price objective on shares of Spectrum Brands in a report on Friday, May 8th. Wells Fargo & Company upped their price objective on shares of Spectrum Brands from $62.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Finally, Oppenheimer upped their price objective on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 6th.

Insiders Place Their Bets

In related news, CEO David M. Maura purchased 2,500 shares of Spectrum Brands stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $72.85 per share, with a total value of $182,125.00. Following the acquisition, the chief executive officer directly owned 790,708 shares in the company, valued at approximately $57,603,077.80. This trade represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of Spectrum Brands

A number of hedge funds have recently bought and sold shares of SPB. Northwestern Mutual Wealth Management Co. boosted its holdings in Spectrum Brands by 7,237.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock valued at $31,000 after purchasing an additional 579 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Spectrum Brands by 96.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares during the period. Farther Finance Advisors LLC boosted its holdings in Spectrum Brands by 111.7% in the 4th quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after purchasing an additional 335 shares during the period. Headlands Technologies LLC bought a new stake in Spectrum Brands in the 2nd quarter valued at $41,000. Finally, State of Alaska Department of Revenue bought a new stake in Spectrum Brands in the 3rd quarter valued at $49,000.

Spectrum Brands Price Performance

NYSE SPB opened at $78.74 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $78.19 and a 200 day simple moving average of $69.67. The company has a market cap of $1.83 billion, a P/E ratio of 15.03, a P/E/G ratio of 2.46 and a beta of 0.67. Spectrum Brands has a 1 year low of $49.99 and a 1 year high of $86.96.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.21. The business had revenue of $708.90 million during the quarter, compared to the consensus estimate of $676.45 million. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. Spectrum Brands’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, sell-side analysts predict that Spectrum Brands will post 5.32 EPS for the current year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.4%. Spectrum Brands’s dividend payout ratio is 35.88%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.