Spectrum Brands Holdings, Inc. (NYSE:SPB) has been given a consensus recommendation of “Buy” by the twelve brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $137.25.
Several research firms have recently weighed in on SPB. Oppenheimer reiterated a “buy” rating and set a $167.00 price target on shares of Spectrum Brands in a research note on Monday, November 20th. BMO Capital Markets set a $132.00 price objective on Spectrum Brands and gave the stock a “buy” rating in a report on Friday, November 17th. KeyCorp set a $130.00 price objective on Spectrum Brands and gave the stock a “buy” rating in a report on Friday, November 17th. Bank of America increased their price objective on Spectrum Brands from $113.00 to $116.00 and gave the stock a “neutral” rating in a report on Friday, November 17th. Finally, Gabelli raised Spectrum Brands from a “hold” rating to a “buy” rating in a report on Friday, November 17th.
Several large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in shares of Spectrum Brands by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 43,041 shares of the company’s stock valued at $4,559,000 after acquiring an additional 541 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Spectrum Brands by 213.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 8,680 shares of the company’s stock valued at $919,000 after acquiring an additional 5,914 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Spectrum Brands by 22.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 46,394 shares of the company’s stock valued at $4,912,000 after acquiring an additional 8,504 shares in the last quarter. Keeley Teton Advisors LLC raised its holdings in shares of Spectrum Brands by 11.2% in the 3rd quarter. Keeley Teton Advisors LLC now owns 67,471 shares of the company’s stock valued at $7,147,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Spectrum Brands in the 3rd quarter valued at about $7,882,000. 48.26% of the stock is currently owned by hedge funds and other institutional investors.
Spectrum Brands (NYSE:SPB) opened at $109.45 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. The firm has a market capitalization of $6,396.49, a price-to-earnings ratio of 20.33, a PEG ratio of 1.77 and a beta of 0.76. Spectrum Brands has a 12 month low of $98.11 and a 12 month high of $146.09.
Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS. research analysts forecast that Spectrum Brands will post 6.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 1.53%. Spectrum Brands’s dividend payout ratio (DPR) is 33.33%.
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Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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