UBS Group Has Lowered Expectations for Spectrum Brands (NYSE:SPB) Stock Price

Spectrum Brands (NYSE:SPB) had its price objective reduced by UBS Group from $114.00 to $109.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 27.36% from the stock’s current price.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group lifted their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Monday, November 18th. Wells Fargo & Company decreased their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.75.

Spectrum Brands Stock Up 0.2 %

NYSE:SPB opened at $85.59 on Thursday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. Spectrum Brands has a twelve month low of $75.50 and a twelve month high of $96.74. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $88.63 and a 200-day simple moving average of $89.02.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). The firm had revenue of $773.70 million during the quarter, compared to analysts’ expectations of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. Analysts anticipate that Spectrum Brands will post 5.25 EPS for the current year.

Institutional Investors Weigh In On Spectrum Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in Spectrum Brands during the third quarter valued at $27,000. Brooklyn Investment Group purchased a new position in shares of Spectrum Brands in the 3rd quarter valued at about $31,000. International Assets Investment Management LLC raised its holdings in Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after purchasing an additional 471 shares during the period. Quarry LP boosted its position in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after purchasing an additional 450 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after purchasing an additional 261 shares during the period.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. 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, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.