Spectrum Brands Holdings, Inc. (NYSE:SPB) has earned a consensus rating of “Buy” from the ten research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $142.43.

Several equities research analysts recently weighed in on SPB shares. Jefferies Group LLC reissued a “buy” rating and issued a $167.00 price objective (up previously from $160.00) on shares of Spectrum Brands Holdings in a report on Tuesday, April 18th. Royal Bank Of Canada reissued a “buy” rating and issued a $160.00 price objective on shares of Spectrum Brands Holdings in a report on Friday, April 21st. BMO Capital Markets set a $155.00 price objective on Spectrum Brands Holdings and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Deutsche Bank AG decreased their price objective on Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Finally, BidaskClub lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd.

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A number of hedge funds and other institutional investors have recently modified their holdings of SPB. Alps Advisors Inc. increased its position in shares of Spectrum Brands Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock valued at $431,000 after buying an additional 9 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Spectrum Brands Holdings by 0.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,526 shares of the company’s stock worth $907,000 after buying an additional 20 shares during the period. Cutter & CO Brokerage Inc. increased its stake in shares of Spectrum Brands Holdings by 1.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock worth $299,000 after buying an additional 35 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Spectrum Brands Holdings by 1.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,057 shares of the company’s stock worth $564,000 after buying an additional 40 shares during the period. Finally, Capital Insight Partners LLC increased its stake in shares of Spectrum Brands Holdings by 0.3% in the first quarter. Capital Insight Partners LLC now owns 17,827 shares of the company’s stock worth $2,478,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 48.15% of the company’s stock.

Shares of Spectrum Brands Holdings (NYSE SPB) opened at 110.48 on Friday. Spectrum Brands Holdings has a 52 week low of $108.30 and a 52 week high of $146.09. The stock has a 50 day moving average of $120.32 and a 200-day moving average of $131.66. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 22.62 and a beta of 0.66.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business posted $1.73 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. Analysts expect that Spectrum Brands Holdings will post $5.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 1.52%. Spectrum Brands Holdings’s dividend payout ratio is currently 34.29%.

Spectrum Brands Holdings 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.

Analyst Recommendations for Spectrum Brands Holdings (NYSE:SPB)

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