Jefferies Group LLC set a $143.00 target price on Spectrum Brands Holdings, Inc. (NYSE:SPB) in a research report report published on Saturday, July 29th. The firm currently has a buy rating on the stock.
SPB has been the subject of a number of other research reports. Wells Fargo & Company reaffirmed a buy rating on shares of Spectrum Brands Holdings in a report on Thursday, July 27th. BidaskClub lowered shares of Spectrum Brands Holdings from a sell rating to a strong sell rating in a report on Saturday, July 8th. BMO Capital Markets set a $155.00 target price on shares of Spectrum Brands Holdings and gave the stock a buy rating in a report on Tuesday, May 2nd. Zacks Investment Research lowered shares of Spectrum Brands Holdings from a hold rating to a sell rating in a report on Saturday, July 29th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $160.00 target price on shares of Spectrum Brands Holdings in a report on Friday, April 21st. Two investment 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’s stock. The company currently has a consensus rating of Buy and a consensus target price of $143.88.
Spectrum Brands Holdings (NYSE:SPB) opened at 107.42 on Friday. The company’s 50 day moving average is $117.96 and its 200-day moving average is $130.96. Spectrum Brands Holdings has a 12 month low of $106.79 and a 12 month high of $146.09. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 21.99 and a beta of 0.66.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.71 EPS 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 company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm posted $1.73 EPS. Spectrum Brands Holdings’s revenue was down 4.2% compared to the same quarter last year. On average, analysts expect that Spectrum Brands Holdings will post $5.61 earnings per share for the current fiscal year.
The company 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 dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 1.56%. Spectrum Brands Holdings’s payout ratio is 34.29%.
Several hedge funds and other institutional investors have recently made changes to their positions in SPB. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Spectrum Brands Holdings during the second quarter valued at $100,000. Daiwa Securities Group Inc. boosted its position in shares of Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Spectrum Brands Holdings during the second quarter valued at $113,000. Invictus RG purchased a new position in shares of Spectrum Brands Holdings during the first quarter valued at $156,000. Finally, FNY Partners Fund LP purchased a new position in shares of Spectrum Brands Holdings during the second quarter valued at $187,000. 48.37% of the stock is currently owned by hedge funds and other 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.
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