Shares of Spectrum Brands Holdings Inc (NYSE:SPB) have been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $52.64.
A number of research analysts have commented on SPB shares. Monness Crespi & Hardt decreased their price target on Spectrum Brands from $103.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Raymond James restated a “buy” rating and set a $15.00 price target on shares of Spectrum Brands in a research note on Monday, December 3rd. CIBC restated a “buy” rating and set a $14.50 price target on shares of Spectrum Brands in a research note on Thursday, January 10th. Bank of America raised Spectrum Brands from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $65.00 in a research report on Friday, January 18th. Finally, ValuEngine lowered Spectrum Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd.
Large investors have recently bought and sold shares of the stock. PRW Wealth Management LLC purchased a new position in shares of Spectrum Brands during the fourth quarter worth about $27,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Spectrum Brands by 100.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,000 shares of the company’s stock worth $42,000 after buying an additional 500 shares during the period. First Hawaiian Bank acquired a new stake in shares of Spectrum Brands during the fourth quarter worth about $46,000. Captrust Financial Advisors acquired a new stake in shares of Spectrum Brands during the third quarter worth about $116,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Spectrum Brands during the fourth quarter worth about $68,000. 97.98% of the stock is currently owned by hedge funds and other institutional investors.
Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 7th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.60). Spectrum Brands had a return on equity of 3.24% and a net margin of 3.32%. The firm had revenue of $874.60 million for the quarter, compared to analyst estimates of $910.97 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. On average, sell-side analysts expect that Spectrum Brands will post 2.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Friday, February 15th. Spectrum Brands’s dividend payout ratio (DPR) is presently 47.46%.
About Spectrum Brands
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.
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