Spectrum Brands Holdings Inc. (SPB) Hits New 52-Week High at $134.21
Spectrum Brands Holdings Inc. (NYSE:SPB)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $134.21 and last traded at $133.64, with a volume of 103,718 shares traded. The stock had previously closed at $132.85.
A number of brokerages recently commented on SPB. Jefferies Group reiterated a “buy” rating and set a $143.00 target price on shares of Spectrum Brands Holdings in a research note on Wednesday, June 22nd. Zacks Investment Research downgraded shares of Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. Monness Crespi & Hardt boosted their target price on shares of Spectrum Brands Holdings from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $140.00 target price (up previously from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $134.40.
The firm’s 50 day moving average price is $126.24 and its 200 day moving average price is $114.72. The company has a market capitalization of $7.94 billion and a PE ratio of 27.15.
Spectrum Brands Holdings (NYSE:SPB) last posted 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. During the same period in the prior year, the business earned $1.42 EPS. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts predict that Spectrum Brands Holdings Inc. will post $5.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 16th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, August 12th.
In other news, SVP Stacey L. Neu sold 800 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 3,850 shares of the company’s stock, valued at approximately $492,954. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman David M. Maura bought 4,350 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost of $114.52 per share, for a total transaction of $498,162.00. Following the purchase, the chairman now owns 277,633 shares in the company, valued at approximately $31,794,531.16. The disclosure for this purchase can be found here.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.