Spectrum Brands Holdings, Inc. (SPB) Given a $130.00 Price Target by KeyCorp Analysts

KeyCorp set a $130.00 price target on Spectrum Brands Holdings, Inc. (NYSE:SPB) in a research report sent to investors on Friday. The brokerage currently has a buy rating on the stock.

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

Spectrum Brands Holdings (NYSE:SPB) opened at $112.50 on Friday. The stock has a market capitalization of $6,520.00, a P/E ratio of 20.58, a P/E/G 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 current ratio of 1.44, a quick ratio of 0.75 and a debt-to-equity ratio of 2.06.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands Holdings had a return on equity of 17.48% and a net margin of 5.91%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 earnings per share. research analysts forecast that Spectrum Brands Holdings will post 6.29 EPS for the current year.

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The company also recently announced 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 dividend yield of 1.49%. Spectrum Brands Holdings’s payout ratio is presently 33.47%.

Several institutional investors and hedge funds have recently modified their holdings of SPB. BlackRock Inc. raised its stake in shares of Spectrum Brands Holdings by 5,054.7% in the first quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock valued at $168,030,000 after buying an additional 1,185,319 shares during the period. HighTower Advisors LLC raised its stake in shares of Spectrum Brands Holdings by 3.3% in the first quarter. HighTower Advisors LLC now owns 2,083 shares of the company’s stock valued at $288,000 after buying an additional 66 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Spectrum Brands Holdings in the second quarter valued at $100,000. Bank of Montreal Can raised its stake in shares of Spectrum Brands Holdings by 152.2% in the second quarter. Bank of Montreal Can now owns 29,438 shares of the company’s stock valued at $3,681,000 after buying an additional 17,764 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Spectrum Brands Holdings by 518.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,283 shares of the company’s stock valued at $536,000 after buying an additional 3,591 shares during the period. Hedge funds and other institutional investors own 47.13% of the company’s stock.

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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