Spectrum Brands Holdings Inc. (NYSE:SPB) shares traded 0.70% higher at $63.15 on Wall Street last session.
In accordance with the data, 7 analysts cover Spectrum Brands Holdings Inc. (NYSE:SPB). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $69.00, we find $73.50. Given the previous closing price of $62.71, this indicates a potential upside of 17.21 percent. SPB stock price is now -1.16% away from the 50-day moving average and 0.47% away from the 200-day moving average. The market capitalization of the company currently stands at $2.53B.
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It has been rated a hold by 2 analysts and a buy by 5. Brokers who have rated the stock have averaged $80.00 as their price target over the next twelve months.
With the price target maintained at $70, Deutsche Bank recently Downgraded its rating from Buy to Hold for Spectrum Brands Holdings Inc. (NYSE: SPB). On September 16, 2022, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $100 to quote $70, while ‘Raymond James’ rates the stock as ‘Mkt Perform’.
Insiders disposed of 76,891 shares of company stock worth roughly $4.86 million over the past 1 year. A total of 2.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPB stock. A new stake in Spectrum Brands Holdings Inc. shares was purchased by SACHEM HEAD CAPITAL MANAGEMENT LP during the first quarter worth $66,371,000. ARMISTICE CAPITAL, LLC invested $20,208,000 in shares of SPB during the first quarter. In the first quarter, FIR TREE CAPITAL MANAGEMENT LP acquired a new stake in Spectrum Brands Holdings Inc. valued at approximately $15,788,000. CANDLESTICK CAPITAL MANAGEMENT LP acquired a new stake in SPB for approximately $11,051,000. P SCHOENFELD ASSET MANAGEMENT LP purchased a new stake in SPB valued at around $8,873,000 in the second quarter. In total, there are 336 active investors with 97.90% ownership of the company’s stock.
Spectrum Brands Holdings Inc. (NYSE: SPB) opened at $62.64 on Wednesday. During the past 12 months, Spectrum Brands Holdings Inc. has had a low of $38.93 and a high of $93.22. As of last week, the company has a debt-to-equity ratio of 2.66, a current ratio of 2.90, and a quick ratio of 2.30. The fifty day moving average price for SPB is $63.97 and a two-hundred day moving average price translates $62.74 for the stock.
The latest earnings results from Spectrum Brands Holdings Inc. (NYSE: SPB) was released for Sep, 2022. According to the Household & Personal Products Company, earnings per share came in at $0.48, missing analysts’ expectations of $0.57 by -0.09. This compares to $0.93 EPS in the same period last year. The net profit margin was 1.40% and return on equity was 3.30% for SPB. The company reported revenue of $713.3 million for the quarter, compared to $757.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.8 percent. For the current quarter, analysts expect SPB to generate $750.57M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/14/2023. Investors who held shares on 02/21/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 2.66% percent yield. There was an ex-dividend date of 02/17/2023 for this dividend. In terms of dividend payout ratio, SPB is presently at 162.20%.
Spectrum Brands Holdings Inc.(SPB) Company Profile
Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands. The Global Pet Care segment provides rawhide chewing, dog and cat clean-up and food, training, health and grooming, small animal food and care, and rawhide-free products under the 8IN1 (8-in-1), Dingo, Nature’s Miracle, Wild Harvest, Littermaid, Jungle, Excel, FURminator, IAMS, Eukanuba, Healthy-Hide, DreamBone, SmartBones, ProSense, Perfect Coat, eCOTRITION, Birdola, Good Boy, Meowee!, Wildbird, and Wafcol brands. This segment also offers aquarium kits, stand-alone tanks, and aquatics equipment and consumables under the Tetra, Marineland, Whisper, Instant Ocean, GloFish, OmegaOne, and OmegaSea brands. The Home and Garden segment provides outdoor insect and weed control solutions, and animal repellents under the Spectracide, Garden Safe, Liquid Fence, and EcoLogic brands; household pest control solutions under the Hot Shot, Black Flag, Real-Kill, Ultra Kill, The Ant Trap, and Rid-A-Bug brand names; household surface cleaning, maintenance, and restoration products, including bottled liquids, mops, wipes, and markers under the Rejuvenate brand name; and personal-use pesticides and insect repellent products under the Cutter and Repel brands. The company sells its products through retailers, e-commerce and online retailers, wholesalers, and distributors. Spectrum Brands Holdings, Inc. was incorporated in 2009 and is headquartered in Middleton, Wisconsin.
