Spectrum Brands Holdings Inc. (SPB) Price Target Increased to $160.00 by Analysts at Jefferies Group
Spectrum Brands Holdings Inc. (NYSE:SPB) had its price objective upped by Jefferies Group from $157.00 to $160.00 in a research report released on Thursday morning. Jefferies Group currently has a buy rating on the stock.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered Spectrum Brands Holdings from a buy rating to a hold rating in a report on Tuesday. Monness Crespi & Hardt increased their target price on Spectrum Brands Holdings from $138.00 to $151.00 and gave the company a buy rating in a report on Thursday, September 29th. Piper Jaffray Cos. assumed coverage on Spectrum Brands Holdings in a report on Thursday, September 1st. They issued an overweight rating and a $147.00 target price on the stock. Finally, Deutsche Bank AG reissued a buy rating and issued a $140.00 target price (up previously from $125.00) on shares of Spectrum Brands Holdings in a report on Sunday, July 24th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Spectrum Brands Holdings presently has an average rating of Buy and a consensus price target of $142.83.
Spectrum Brands Holdings (NYSE:SPB) traded up 0.66% during trading on Thursday, hitting $135.15. The company’s stock had a trading volume of 71,700 shares. Spectrum Brands Holdings has a one year low of $87.65 and a one year high of $138.95. The company has a 50-day moving average of $132.68 and a 200 day moving average of $121.58. The firm has a market cap of $8.03 billion, a PE ratio of 27.46 and a beta of 0.65.
Spectrum Brands Holdings (NYSE:SPB) last posted its earnings results on Thursday, July 28th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.69 by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 earnings per share. On average, equities analysts forecast that Spectrum Brands Holdings will post $0.53 earnings per share for the current year.
In other news, insider David M. Maura purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average cost of $127.47 per share, with a total value of $254,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stacey L. Neu sold 800 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $128.04, for a total transaction of $102,432.00. Following the transaction, 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.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in Spectrum Brands Holdings by 2.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,390 shares of the company’s stock valued at $882,000 after buying an additional 167 shares in the last quarter. Squarepoint Ops LLC boosted its position in Spectrum Brands Holdings by 155.6% in the first quarter. Squarepoint Ops LLC now owns 6,900 shares of the company’s stock valued at $754,000 after buying an additional 4,200 shares in the last quarter. Royal Bank of Canada boosted its position 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. Barclays PLC boosted its position in Spectrum Brands Holdings by 75.2% in the first quarter. Barclays PLC now owns 24,995 shares of the company’s stock valued at $2,724,000 after buying an additional 10,725 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Spectrum Brands Holdings during the first quarter valued at about $339,000. 45.41% of the stock is owned by hedge funds and other institutional investors.
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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