Spectrum Brands Holdings, Inc. (SPB) Sets New 12-Month Low at $102.26

Spectrum Brands Holdings, Inc. (NYSE:SPB) shares reached a new 52-week low on Tuesday . The stock traded as low as $102.26 and last traded at $102.37, with a volume of 216,384 shares traded. The stock had previously closed at $102.53.

Several research analysts have weighed in on the company. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, September 28th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands Holdings in a research report on Wednesday, August 30th. BidaskClub raised Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Deutsche Bank AG reissued a “buy” rating and issued a $131.00 price objective (down previously from $149.00) on shares of Spectrum Brands Holdings in a research report on Monday, July 31st. Finally, Jefferies Group LLC set a $143.00 price objective on Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Saturday, July 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $144.33.

The stock’s 50 day moving average is $105.71 and its 200 day moving average is $123.11. The stock has a market cap of $5.94 billion, a PE ratio of 20.96 and a beta of 0.65.

Spectrum Brands Holdings (NYSE:SPB) last released its earnings results on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.21). The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. Spectrum Brands Holdings’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 earnings per share. Equities research analysts predict that Spectrum Brands Holdings, Inc. will post $5.59 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th were given a dividend of $0.42 per share. The ex-dividend date was Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 1.64%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in Spectrum Brands Holdings by 0.3% during the second quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock valued at $431,000 after purchasing an additional 9 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its position in Spectrum Brands Holdings by 1.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock valued at $299,000 after purchasing an additional 35 shares in the last quarter. HighTower Advisors LLC lifted its position in Spectrum Brands Holdings by 3.3% during the first quarter. HighTower Advisors LLC now owns 2,083 shares of the company’s stock valued at $288,000 after purchasing an additional 66 shares in the last quarter. Commerce Bank lifted its position in Spectrum Brands Holdings by 4.5% during the second quarter. Commerce Bank now owns 2,300 shares of the company’s stock valued at $288,000 after purchasing an additional 100 shares in the last quarter. Finally, Aperio Group LLC lifted its position in Spectrum Brands Holdings by 4.2% during the second quarter. Aperio Group LLC now owns 2,887 shares of the company’s stock valued at $361,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 47.05% of the company’s stock.

WARNING: This story was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/10/10/spectrum-brands-holdings-inc-spb-sets-new-12-month-low-at-102-26.html.

About Spectrum Brands Holdings

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

Receive News & Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply