Several other equities research analysts have also recently weighed in on SPB. Oppenheimer reissued a buy rating on shares of Spectrum Brands in a research note on Wednesday, December 20th. Rowe reissued a buy rating and issued a $167.00 price target on shares of Spectrum Brands in a research note on Wednesday, January 3rd. Jefferies Group reissued a buy rating and issued a $145.00 price target on shares of Spectrum Brands in a research note on Tuesday, January 9th. UBS upped their target price on Spectrum Brands from $124.00 to $140.00 in a research report on Tuesday, January 16th. Finally, KeyCorp set a $140.00 target price on Spectrum Brands and gave the company a buy rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Spectrum Brands presently has a consensus rating of Buy and a consensus target price of $139.80.
Shares of SPB stock opened at $97.66 on Thursday. The stock has a market capitalization of $5,746.36, a PE ratio of 17.89, a P/E/G ratio of 1.57 and a beta of 0.78. The company has a quick ratio of 2.19, a current ratio of 2.70 and a debt-to-equity ratio of 2.01. Spectrum Brands has a 1-year low of $89.36 and a 1-year high of $146.09.
Several institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group boosted its holdings in Spectrum Brands by 9.7% in the fourth quarter. Schroder Investment Management Group now owns 960,750 shares of the company’s stock worth $107,988,000 after acquiring an additional 84,903 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Spectrum Brands by 1.5% in the fourth quarter. OppenheimerFunds Inc. now owns 908,814 shares of the company’s stock worth $102,150,000 after acquiring an additional 13,215 shares in the last quarter. Millennium Management LLC boosted its holdings in Spectrum Brands by 296.7% in the fourth quarter. Millennium Management LLC now owns 717,699 shares of the company’s stock worth $80,669,000 after acquiring an additional 536,798 shares in the last quarter. Newbrook Capital Advisors LP bought a new position in Spectrum Brands in the fourth quarter worth approximately $76,729,000. Finally, Jane Street Group LLC boosted its holdings in Spectrum Brands by 62.9% in the fourth quarter. Jane Street Group LLC now owns 260,190 shares of the company’s stock worth $29,245,000 after acquiring an additional 100,503 shares in the last quarter. Institutional investors own 48.39% of the company’s stock.
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Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc manufactures, markets, and distributes branded consumer products. Its Global Batteries & Appliances segment offers consumer batteries; personal care products, including electric shaving and grooming products, and hair care appliances and accessories; and small appliances, such as small kitchen and home appliances.
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