Deutsche Bank AG reaffirmed their buy rating on shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) in a report issued on Monday. The firm currently has a $131.00 price objective on the stock, down from their previous price objective of $149.00.
A number of other research analysts have also recently issued reports on SPB. Zacks Investment Research cut Spectrum Brands Holdings from a hold rating to a sell rating in a research note on Tuesday, April 4th. Jefferies Group LLC reiterated a buy rating and set a $167.00 price objective (up previously from $160.00) on shares of Spectrum Brands Holdings in a research note on Tuesday, April 18th. Royal Bank Of Canada reiterated a buy rating and set a $160.00 price objective on shares of Spectrum Brands Holdings in a research note on Friday, April 21st. BMO Capital Markets set a $155.00 price objective on Spectrum Brands Holdings and gave the company a buy rating in a research note on Tuesday, May 2nd. Finally, BidaskClub cut Spectrum Brands Holdings from a hold rating to a sell rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Spectrum Brands Holdings has a consensus rating of Buy and a consensus price target of $143.88.
Shares of Spectrum Brands Holdings (NYSE:SPB) traded down 1.16% during midday trading on Monday, reaching $111.68. The company had a trading volume of 388,681 shares. The company has a market capitalization of $6.56 billion, a P/E ratio of 22.87 and a beta of 0.67. The company has a 50-day moving average price of $124.71 and a 200 day moving average price of $132.49. Spectrum Brands Holdings has a one year low of $108.30 and a one year high of $146.09.
Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by $0.21. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.59%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. Equities analysts anticipate that Spectrum Brands Holdings will post $5.61 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, August 11th. Spectrum Brands Holdings’s payout ratio is 34.29%.
Several hedge funds have recently bought and sold shares of SPB. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Spectrum Brands Holdings during the second quarter worth approximately $100,000. Daiwa Securities Group Inc. raised its stake 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 during the last quarter. Invictus RG acquired a new stake in Spectrum Brands Holdings during the first quarter worth approximately $156,000. SG Americas Securities LLC raised its stake in Spectrum Brands Holdings by 50.6% in the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock worth $198,000 after buying an additional 533 shares during the last quarter. Finally, TD Asset Management Inc. acquired a new stake in Spectrum Brands Holdings during the first quarter worth approximately $211,000. 47.38% of the stock is owned by institutional investors and hedge funds.
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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