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Canaccord Genuity Launches Coverage of Spectrum Brands Holdings (SPB) with Buy Recommendations

March 30, 2023, Canaccord Genuity
start Spectrum Brands Holdings coverage buy recommendation.

Analyst price forecasts suggest a 27.12% gain

Average 1 year as of March 30, 2023 price target $81.60 for Spectrum Brands Holdings. Predictions range from as low as $69.69 to as high as $115.50. The average price target represents a 27.12% increase from the latest reported closing price of $64.19.

see us corporate leaderboard Maximum price target upwards.

Spectrum Brands Holdings has projected annual revenue of $3,195 million, an increase of 3.44%. Projected Annual Non-GAAP EPS
It’s $1.83.

Spectrum Brands Holdings Declares Dividend of $0.42

On February 8, 2023, the company will regular quarterly dividend $0.42 per share ($1.68 annualized). Shareholders of record on February 21, 2023 received payment on March 14, 2023. Previously, the company paid him $0.42 per share.

At the current price of $64.19 / share, this stock has a dividend yield of 2.62%. Sampled weekly over the five-year period, the average dividend yield was 2.64%, with a low of 1.58% and a high of 6.45%. The standard deviation of yield is 0.75 (n=236).

The current dividend yield is 0.03 standard deviations below its historical average.

The company’s dividend payout ratio is 1.62 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

What do major shareholders do?

american century companies
It holds 2,459,000 shares representing a 6.00% ownership interest in the company. In previous filings, the company reported that it owned 2,396,000 of his shares.
will increase
of 2.55%.office

decreased

Portfolio allocation at SPB increased 99.85% last quarter.

VGTSX – Vanguard Total International Stock Index Fund Investor Stocks
It owns 2,223,000 shares representing a 5.42% ownership interest in the company. In previous filings, the company reported he owned 1,950,000 shares.
will increase
12.26%.office

gain

Portfolio allocation at SPB increased by 6.43% last quarter.

Allspring Global Investments Holdings
It owns 2,035,000 shares representing a 4.96% ownership interest in the company. In previous filings, the company reported he owned 2,275,000 shares.
Decrease
11.79%.office

gain

Portfolio allocation at SPB increased 34.61% last quarter.

ASVIX – Small Cap Value Fund Investor Class
It owns 2,005,000 shares representing a 4.89% ownership interest in the company. In previous filings, the company reported he owned 1,950,000 shares.
will increase
2.74%.office

gain

Portfolio allocation at SPB increased by 51.38% last quarter.

Invesco
It holds 1,962K shares representing a 4.79% ownership interest in the company. In previous filings, the company reported that it owned 1,206,000 of his shares.
will increase
38.54%.office

decreased

Portfolio allocation at SPB increased 99.98% last quarter.

What is Fund Sentiment?

there is 606 funds or institutions reporting positions At Spectrum Brands Holdings. That’s his 22 owner or 3.50% decline in the last quarter.Portfolio average weight of all funds SPB dedicated was 0.28%, an increase of 23.11%. The total number of shares owned by the institution has increased by 1.82% to 50,010K shares in the last three months.of put/call ratio SPB’s is 0.46, indicating a bullish outlook.

Background information for Spectrum Brands Holdings
(This description is provided by the company.)

A member of the Russell 1000 Index, Spectrum Brands Holdings specializes in residential locksets, home building hardware, plumbing, shaving and grooming products, personal care products, small appliances, specialty pet products, lawn, garden and home pest control products. A major supplier. Control products, and personal repellents. To meet the needs of consumers around the world, Spectrum Brands provides market-leading, well-known and widely trusted brands such as Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister®, Remington® and George Foreman®. We offer a wide portfolio of brands. , Russell Hobbs®, Black+Decker®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, FURminator®, IAMS® and Eukanuba® (Europe only), Digest-eeze™, Healthy- Hide®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®, Liquid Fence®.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

March 30, 2023, Canaccord Genuity
start Spectrum Brands Holdings coverage buy recommendation.

Analyst price forecasts suggest a 27.12% gain

Average 1 year as of March 30, 2023 price target $81.60 for Spectrum Brands Holdings. Predictions range from as low as $69.69 to as high as $115.50. The average price target represents a 27.12% increase from the latest reported closing price of $64.19.

see us corporate leaderboard Maximum price target upwards.

Spectrum Brands Holdings has projected annual revenue of $3,195 million, an increase of 3.44%. Projected Annual Non-GAAP EPS
It’s $1.83.

Spectrum Brands Holdings Declares Dividend of $0.42

On February 8, 2023, the company will regular quarterly dividend $0.42 per share ($1.68 annualized). Shareholders of record on February 21, 2023 received payment on March 14, 2023. Previously, the company paid him $0.42 per share.

At the current price of $64.19 / share, this stock has a dividend yield of 2.62%. Sampled weekly over the five-year period, the average dividend yield was 2.64%, with a low of 1.58% and a high of 6.45%. The standard deviation of yield is 0.75 (n=236).

The current dividend yield is 0.03 standard deviations below its historical average.

The company’s dividend payout ratio is 1.62 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

What do major shareholders do?

american century companies
It holds 2,459,000 shares representing a 6.00% ownership interest in the company. In previous filings, the company reported that it owned 2,396,000 of his shares.
will increase
of 2.55%.office

decreased

Portfolio allocation at SPB increased 99.85% last quarter.

VGTSX – Vanguard Total International Stock Index Fund Investor Stocks
It owns 2,223,000 shares representing a 5.42% ownership interest in the company. In previous filings, the company reported he owned 1,950,000 shares.
will increase
12.26%.office

gain

Portfolio allocation at SPB increased by 6.43% last quarter.

Allspring Global Investments Holdings
It owns 2,035,000 shares representing a 4.96% ownership interest in the company. In previous filings, the company reported he owned 2,275,000 shares.
Decrease
11.79%.office

gain

Portfolio allocation at SPB increased 34.61% last quarter.

ASVIX – Small Cap Value Fund Investor Class
It owns 2,005,000 shares representing a 4.89% ownership interest in the company. In previous filings, the company reported he owned 1,950,000 shares.
will increase
2.74%.office

gain

Portfolio allocation at SPB increased by 51.38% last quarter.

Invesco
It holds 1,962K shares representing a 4.79% ownership interest in the company. In previous filings, the company reported that it owned 1,206,000 of his shares.
will increase
38.54%.office

decreased

Portfolio allocation at SPB increased 99.98% last quarter.

What is Fund Sentiment?

there is 606 funds or institutions reporting positions At Spectrum Brands Holdings. That’s his 22 owner or 3.50% decline in the last quarter.Portfolio average weight of all funds SPB dedicated was 0.28%, an increase of 23.11%. The total number of shares owned by the institution has increased by 1.82% to 50,010K shares in the last three months.of put/call ratio SPB’s is 0.46, indicating a bullish outlook.

Background information for Spectrum Brands Holdings(This description is provided by the company.)

A member of the Russell 1000 Index, Spectrum Brands Holdings specializes in residential locksets, home building hardware, plumbing, shaving and grooming products, personal care products, small appliances, specialty pet products, lawn, garden and home pest control products. A major supplier. Control products, and personal repellents. To meet the needs of consumers around the world, Spectrum Brands provides market-leading, well-known and widely trusted brands such as Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister®, Remington® and George Foreman®. We offer a wide portfolio of brands. , Russell Hobbs®, Black+Decker®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, FURminator®, IAMS® and Eukanuba® (Europe only), Digest-eeze™, Healthy- Hide®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®, Liquid Fence®.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/canaccord-genuity-initiates-coverage-of-spectrum-brands-holdings-spb-with-buy Canaccord Genuity Launches Coverage of Spectrum Brands Holdings (SPB) with Buy Recommendations

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