Spectrum Brands (SPB) Rating Reiterated by Wells Fargo & Co

Spectrum Brands (NYSE:SPB)‘s stock had its “buy” rating reaffirmed by analysts at Wells Fargo & Co in a research note issued to investors on Tuesday.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $155.00 price target on shares of Spectrum Brands in a report on Wednesday, November 15th. Gabelli upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Jefferies Group reiterated a “buy” rating and set a $145.00 price target on shares of Spectrum Brands in a report on Tuesday, January 9th. Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands in a report on Wednesday, November 15th. Finally, Oppenheimer reiterated a “buy” rating and set a $167.00 price target on shares of Spectrum Brands in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Spectrum Brands has a consensus rating of “Buy” and an average price target of $142.50.

Shares of Spectrum Brands (NYSE:SPB) opened at $125.16 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 0.75 and a debt-to-equity ratio of 2.06. The stock has a market cap of $7,210.00, a PE ratio of 24.93, a PEG ratio of 1.80 and a beta of 0.76. Spectrum Brands has a 1 year low of $98.11 and a 1 year high of $146.09.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.12). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. sell-side analysts anticipate that Spectrum Brands will post 6.14 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Flinton Capital Management LLC grew its stake in Spectrum Brands by 4.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,320 shares of the company’s stock worth $790,000 after acquiring an additional 288 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Spectrum Brands by 20.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,766 shares of the company’s stock worth $346,000 after acquiring an additional 466 shares in the last quarter. Texas Yale Capital Corp. grew its stake in Spectrum Brands by 4.4% in the 3rd quarter. Texas Yale Capital Corp. now owns 12,120 shares of the company’s stock worth $1,284,000 after acquiring an additional 510 shares in the last quarter. SG Americas Securities LLC grew its stake in Spectrum Brands by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock worth $198,000 after acquiring an additional 533 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Spectrum Brands by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 43,041 shares of the company’s stock worth $4,559,000 after acquiring an additional 541 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

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About Spectrum Brands

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.

Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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