Spectrum Brands Holdings Inc. (NYSE:SPB) Receives $132.75 Consensus Price Target from Brokerages
Spectrum Brands Holdings Inc. (NYSE:SPB) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the company. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $132.75.
A number of analysts have recently issued reports on SPB shares. Jefferies Group reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, August 25th. Piper Jaffray Cos. assumed coverage on shares of Spectrum Brands Holdings in a research note on Thursday, September 1st. They issued an “overweight” rating and a $147.00 price target for the company. Deutsche Bank AG reissued a “buy” rating and issued a $140.00 price target (up from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. Zacks Investment Research raised shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research note on Saturday, June 18th. Finally, Monness Crespi & Hardt boosted their price target on shares of Spectrum Brands Holdings from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, July 29th.
In other news, insider David M. Maura acquired 2,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average price of $127.47 per share, for a total transaction of $254,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stacey L. Neu sold 800 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $128.04, for a total transaction of $102,432.00. Following the completion of the transaction, the senior vice president now owns 3,850 shares in the company, valued at approximately $492,954. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. GAM Holding AG purchased a new position in Spectrum Brands Holdings during the second quarter worth about $101,000. Legal & General Group Plc boosted its position in shares of Spectrum Brands Holdings by 29.5% in the first quarter. Legal & General Group Plc now owns 1,956 shares of the company’s stock valued at $214,000 after buying an additional 446 shares in the last quarter. Fulton Bank N.A. bought a new position in shares of Spectrum Brands Holdings during the second quarter valued at about $233,000. Royal Bank of Canada boosted its position in shares of Spectrum Brands Holdings by 272.1% in the first quarter. Royal Bank of Canada now owns 2,173 shares of the company’s stock valued at $238,000 after buying an additional 1,589 shares in the last quarter. Finally, Genesee Valley Trust Co. boosted its position in shares of Spectrum Brands Holdings by 9.3% in the second quarter. Genesee Valley Trust Co. now owns 2,064 shares of the company’s stock valued at $246,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 45.41% of the company’s stock.
Spectrum Brands Holdings (NYSE:SPB) opened at 136.74 on Monday. The firm’s 50-day moving average price is $131.51 and its 200-day moving average price is $119.53. Spectrum Brands Holdings has a 12 month low of $87.65 and a 12 month high of $136.81. The firm has a market cap of $8.12 billion, a P/E ratio of 27.78 and a beta of 0.77.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.04. Spectrum Brands Holdings had a net margin of 5.44% and a return on equity of 17.79%. The company earned $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $1.42 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Spectrum Brands Holdings will post $0.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 16th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, August 12th. Spectrum Brands Holdings’s payout ratio is 32.69%.
Spectrum Brands Holdings Company Profile
Spectrum Brands Holdings, Inc (SBH) is a diversified consumer products company. The Company operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The Company’s Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products.
Receive News & Stock 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 stocks with our FREE daily email newsletter.