Spectrum Brands Holdings Inc. (NYSE:SPB) – Equities researchers at Gabelli issued their FY2020 EPS estimates for shares of Spectrum Brands Holdings in a research report issued on Thursday. Gabelli analyst Z. Bodini anticipates that the brokerage will post earnings per share of $8.10 for the year.
Several other brokerages also recently issued reports on SPB. Jefferies Group increased their price objective on Spectrum Brands Holdings from $147.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research downgraded Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday. Monness Crespi & Hardt increased their price objective on Spectrum Brands Holdings from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Deutsche Bank AG reissued a “buy” rating and issued a $140.00 price objective (up from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. Finally, Piper Jaffray Cos. initiated coverage on Spectrum Brands Holdings in a research note on Thursday, September 1st. They issued an “overweight” rating and a $147.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $142.83.
Spectrum Brands Holdings (NYSE:SPB) traded up 0.49% during trading on Friday, reaching $134.92. The company’s stock had a trading volume of 283,555 shares. The stock’s 50-day moving average is $132.68 and its 200 day moving average is $121.58. Spectrum Brands Holdings has a 52-week low of $87.65 and a 52-week high of $138.95. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 27.41 and a beta of 0.65.
Spectrum Brands Holdings (NYSE:SPB) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.04. The firm earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Spectrum Brands Holdings had a return on equity of 17.79% and a net margin of 5.44%. Spectrum Brands Holdings’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 EPS.
In other news, insider David M. Maura purchased 2,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was bought at an average cost of $127.47 per share, with a total value of $254,940.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Stacey L. Neu sold 800 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $128.04, for a total value of $102,432.00. Following the sale, the senior vice president now directly owns 3,850 shares of the company’s stock, valued at $492,954. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
Several large investors have recently bought and sold shares of the company. GAM Holding AG purchased a new stake in Spectrum Brands Holdings during the second quarter worth $101,000. Fulton Bank N.A. purchased a new stake in Spectrum Brands Holdings during the second quarter worth $233,000. Royal Bank of Canada increased its stake in Spectrum Brands Holdings by 272.1% in the first quarter. Royal Bank of Canada now owns 2,173 shares of the company’s stock worth $238,000 after buying an additional 1,589 shares during the period. Legal & General Group Plc increased its stake in Spectrum Brands Holdings by 3.9% in the second quarter. Legal & General Group Plc now owns 2,033 shares of the company’s stock worth $243,000 after buying an additional 77 shares during the period. Finally, Genesee Valley Trust Co. increased its stake in Spectrum Brands Holdings by 9.3% in the second quarter. Genesee Valley Trust Co. now owns 2,064 shares of the company’s stock worth $246,000 after buying an additional 176 shares during the period. 45.41% of the stock is owned by institutional investors.
Spectrum Brands Holdings Company Profile