Gabelli upgraded shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) from a hold rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat reports.

SPB has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a buy rating and issued a $155.00 target price on shares of Spectrum Brands Holdings in a report on Wednesday, November 15th. Wells Fargo & Company reaffirmed a buy rating on shares of Spectrum Brands Holdings in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $167.00 target price on shares of Spectrum Brands Holdings in a report on Wednesday, August 30th. Zacks Investment Research raised shares of Spectrum Brands Holdings from a strong sell rating to a hold rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG reissued a buy rating and issued a $131.00 price objective (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $137.25.

Spectrum Brands Holdings (NYSE SPB) opened at $112.50 on Friday. The company has a market cap of $6,520.00, a price-to-earnings ratio of 20.58, a PEG ratio of 1.78 and a beta of 0.75. Spectrum Brands Holdings has a 1-year low of $98.11 and a 1-year high of $146.09. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75.

Spectrum Brands Holdings (NYSE:SPB) last announced its earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Spectrum Brands Holdings had a net margin of 5.91% and a return on equity of 17.48%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 earnings per share. analysts predict that Spectrum Brands Holdings will post 6.29 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.68 annualized dividend and a yield of 1.49%. Spectrum Brands Holdings’s dividend payout ratio is currently 33.47%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. grew its stake in shares of Spectrum Brands Holdings by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock worth $431,000 after purchasing an additional 9 shares during the period. Cutter & CO Brokerage Inc. grew its stake in shares of Spectrum Brands Holdings by 1.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock worth $299,000 after purchasing an additional 35 shares during the period. HighTower Advisors LLC grew its stake in shares of Spectrum Brands Holdings by 3.3% during the 1st quarter. HighTower Advisors LLC now owns 2,083 shares of the company’s stock worth $288,000 after purchasing an additional 66 shares during the period. Commerce Bank grew its stake in shares of Spectrum Brands Holdings by 4.5% during the 2nd quarter. Commerce Bank now owns 2,300 shares of the company’s stock worth $288,000 after purchasing an additional 100 shares during the period. Finally, Aperio Group LLC grew its stake in shares of Spectrum Brands Holdings by 4.2% during the 2nd quarter. Aperio Group LLC now owns 2,887 shares of the company’s stock worth $361,000 after purchasing an additional 116 shares during the period. 47.13% of the stock is currently owned by institutional investors.

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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