Jefferies Group LLC set a $143.00 price objective on Spectrum Brands Holdings, Inc. (NYSE:SPB) in a report issued on Saturday morning. The firm currently has a buy rating on the stock.

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.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.watchlistnews.com/spectrum-brands-holdings-inc-spb-given-a-143-00-price-target-by-jefferies-group-llc-analysts/1465960.html.

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.

Analyst Recommendations for Spectrum Brands Holdings (NYSE:SPB)

Receive News & Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.