Spectrum Brands Holdings Inc. (NYSE:SPB) – Stock analysts at Jefferies Group lifted their Q4 2016 earnings per share (EPS) estimates for shares of Spectrum Brands Holdings in a research report issued to clients and investors on Wednesday. Jefferies Group analyst K. Grundy now forecasts that the brokerage will post earnings of $1.43 per share for the quarter, up from their previous forecast of $1.42. Jefferies Group has a “Buy” rating and a $160.00 price target on the stock. Jefferies Group also issued estimates for Spectrum Brands Holdings’ FY2017 earnings at $6.28 EPS and FY2018 earnings at $7.28 EPS.
Several other equities research analysts have also recently commented on the company. Deutsche Bank AG reissued a “buy” rating and issued a $140.00 price target (up previously from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. Monness Crespi & Hardt boosted their price target on Spectrum Brands Holdings from $138.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday, September 29th. Zacks Investment Research cut Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Piper Jaffray Cos. started coverage on Spectrum Brands Holdings in a research note on Thursday, September 1st. They issued an “overweight” rating and a $147.00 price target for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $142.83.
Shares of Spectrum Brands Holdings (NYSE:SPB) traded up 0.18% during mid-day trading on Friday, hitting $134.50. 186,892 shares of the company were exchanged. The stock’s 50-day moving average price is $132.68 and its 200 day moving average price is $121.58. The stock has a market cap of $7.99 billion, a PE ratio of 27.33 and a beta of 0.65. Spectrum Brands Holdings has a 12-month low of $87.65 and a 12-month high of $138.95.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.04. The business earned $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Spectrum Brands Holdings had a net margin of 5.44% and a return on equity of 17.79%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share.
Several large investors have recently bought and sold shares of SPB. GAM Holding AG acquired a new stake in Spectrum Brands Holdings during the second quarter valued at $101,000. Fulton Bank N.A. acquired a new stake in Spectrum Brands Holdings during the second quarter valued at $233,000. Royal Bank of Canada boosted 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 valued at $238,000 after buying an additional 1,589 shares in the last quarter. Legal & General Group Plc boosted 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 valued at $243,000 after buying an additional 77 shares in the last quarter. Finally, Genesee Valley Trust Co. boosted 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 valued at $246,000 after buying an additional 176 shares in the last quarter. 45.41% of the stock is owned by institutional investors.
In other Spectrum Brands Holdings news, insider David M. Maura acquired 2,000 shares of Spectrum Brands Holdings 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stacey L. Neu sold 800 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $128.04, for a total value of $102,432.00. Following the completion of 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. Company insiders own 0.95% of the company’s stock.
Spectrum Brands Holdings Company Profile
Spectrum Brands Holdings, Inc (SBH) is a diversified consumer products company. The Company operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The Company’s Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products.
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