Spectrum Brands Holdings Inc (SPB) Receives $52.64 Average Price Target from Brokerages

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Spectrum Brands Holdings Inc (NYSE:SPB) has earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $52.64.

Several brokerages have commented on SPB. Wells Fargo & Co reiterated a “hold” rating and set a $70.00 target price on shares of Spectrum Brands in a research note on Thursday, November 15th. Zacks Investment Research downgraded Spectrum Brands from a “hold” rating to a “strong sell” rating in a research note on Monday, January 21st. Bank of America upgraded Spectrum Brands from a “neutral” rating to a “buy” rating and raised their price target for the stock from $50.00 to $65.00 in a research note on Friday, January 18th. Royal Bank of Canada dropped their price target on Spectrum Brands to $75.00 and set an “outperform” rating on the stock in a research note on Monday, November 26th. Finally, CIBC restated a “buy” rating and issued a $14.50 price target on shares of Spectrum Brands in a research note on Thursday, January 10th.

SPB traded up $1.31 during trading on Wednesday, hitting $54.25. 1,571,742 shares of the company’s stock traded hands, compared to its average volume of 686,514. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 1.84. Spectrum Brands has a 12-month low of $40.54 and a 12-month high of $106.78. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.50 and a beta of 1.86.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 7th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.60). Spectrum Brands had a net margin of 3.32% and a return on equity of 3.24%. The business had revenue of $874.60 million for the quarter, compared to analysts’ expectations of $910.97 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 35.5% on a year-over-year basis. As a group, research analysts forecast that Spectrum Brands will post 2.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, February 15th. This represents a $1.68 annualized dividend and a yield of 3.10%. Spectrum Brands’s dividend payout ratio (DPR) is presently 47.46%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PRW Wealth Management LLC purchased a new position in Spectrum Brands during the fourth quarter valued at $27,000. Benjamin F. Edwards & Company Inc. lifted its position in Spectrum Brands by 100.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,000 shares of the company’s stock valued at $42,000 after purchasing an additional 500 shares in the last quarter. First Hawaiian Bank bought a new stake in Spectrum Brands during the fourth quarter valued at about $46,000. Quantamental Technologies LLC bought a new stake in Spectrum Brands during the fourth quarter valued at about $68,000. Finally, Captrust Financial Advisors raised its holdings in Spectrum Brands by 16.5% during the fourth quarter. Captrust Financial Advisors now owns 1,810 shares of the company’s stock valued at $76,000 after acquiring an additional 256 shares during the period. Institutional investors own 95.68% of the company’s stock.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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