Spectrum Brands (NYSE:SPB)‘s stock had its “buy” rating reiterated by stock analysts at Oppenheimer in a research report issued on Friday, AnalystRatings.com reports. They currently have a $58.00 price objective on the stock. Oppenheimer’s price target would suggest a potential upside of 7.09% from the stock’s current price.

A number of other equities analysts have also commented on the company. Zacks Investment Research raised Spectrum Brands from a “sell” rating to a “hold” rating and set a $51.00 price target for the company in a report on Friday, July 17th. BMO Capital Markets cut their price target on Spectrum Brands from $12.00 to $10.00 and set a “market perform” rating for the company in a report on Thursday, April 2nd. Finally, Deutsche Bank raised their price target on Spectrum Brands from $47.00 to $53.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.00.

NYSE:SPB opened at $54.16 on Friday. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.39 and a quick ratio of 1.53. The business has a fifty day simple moving average of $46.74 and a two-hundred day simple moving average of $47.65. Spectrum Brands has a 1 year low of $19.59 and a 1 year high of $64.72. The company has a market capitalization of $2.33 billion, a P/E ratio of -10.72, a P/E/G ratio of 1.56 and a beta of 1.91.

Spectrum Brands (NYSE:SPB) last released its earnings results on Friday, July 31st. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.43. Spectrum Brands had a positive return on equity of 10.92% and a negative net margin of 6.31%. The business had revenue of $984.30 million during the quarter, compared to the consensus estimate of $946.17 million. During the same period last year, the business posted $1.35 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, analysts anticipate that Spectrum Brands will post 2.9 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Spectrum Brands by 8.9% during the first quarter. Wellington Management Group LLP now owns 1,492,606 shares of the company’s stock valued at $54,285,000 after buying an additional 122,111 shares during the period. Pzena Investment Management LLC increased its holdings in Spectrum Brands by 5.9% during the 2nd quarter. Pzena Investment Management LLC now owns 1,393,379 shares of the company’s stock valued at $63,956,000 after purchasing an additional 78,152 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Spectrum Brands by 20.6% during the 1st quarter. Teacher Retirement System of Texas now owns 1,323,334 shares of the company’s stock worth $48,130,000 after acquiring an additional 225,800 shares during the period. Invesco Ltd. boosted its position in shares of Spectrum Brands by 18.1% in the 1st quarter. Invesco Ltd. now owns 1,246,441 shares of the company’s stock worth $45,333,000 after purchasing an additional 191,066 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Spectrum Brands by 13.4% in the 1st quarter. Wells Fargo & Company MN now owns 918,480 shares of the company’s stock worth $33,405,000 after purchasing an additional 108,850 shares in the last quarter. 98.53% of the stock is owned by institutional investors.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

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Analyst Recommendations for Spectrum Brands (NYSE:SPB)

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