Spectrum Brands Holdings, Inc. (SPB) Given a $143.00 Price Target by Jefferies Group LLC Analysts
Other analysts have also recently issued reports about the company. Zacks Investment Research cut Spectrum Brands Holdings from a hold rating to a sell rating in a research report on Tuesday, April 4th. Wells Fargo & Company reaffirmed a buy rating on shares of Spectrum Brands Holdings in a research report on Thursday, July 27th. Royal Bank of Canada reaffirmed a buy rating and set a $160.00 price objective on shares of Spectrum Brands Holdings in a research report on Thursday, May 25th. BMO Capital Markets cut their price objective on Spectrum Brands Holdings from $155.00 to $140.00 and set an outperform rating on the stock in a research report on Friday, July 28th. Finally, Deutsche Bank AG cut their price objective on Spectrum Brands Holdings from $152.00 to $149.00 and set a buy rating on the stock in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Spectrum Brands Holdings presently has a consensus rating of Buy and a consensus price target of $143.88.
Spectrum Brands Holdings (SPB) opened at 114.50 on Friday. Spectrum Brands Holdings has a one year low of $108.30 and a one year high of $146.09. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 28.00 and a beta of 0.69. The firm has a 50-day moving average price of $124.71 and a 200 day moving average price of $132.49.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.21. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.59%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 earnings per share. Equities analysts expect that Spectrum Brands Holdings will post $5.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th will be given a $0.42 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.47%. Spectrum Brands Holdings’s dividend payout ratio is currently 34.29%.
A number of institutional investors have recently added to or reduced their stakes in SPB. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Spectrum Brands Holdings during the second quarter worth about $100,000. Daiwa Securities Group Inc. increased its position in Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after buying an additional 200 shares in the last quarter. Invictus RG acquired a new position in Spectrum Brands Holdings during the first quarter worth about $156,000. TD Asset Management Inc. acquired a new position in Spectrum Brands Holdings during the first quarter worth about $211,000. Finally, Fulton Bank N.A. acquired a new position in Spectrum Brands Holdings during the first quarter worth about $214,000. 47.38% of the stock is currently owned by institutional investors and hedge funds.
About Spectrum Brands Holdings
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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