Spectrum Brands Holdings Inc. (NYSE:SPB) – Stock analysts at Jefferies Group increased their Q4 2016 earnings per share estimates for shares of Spectrum Brands Holdings in a research note issued on Wednesday. Jefferies Group analyst K. Grundy now forecasts that the brokerage will earn $1.43 per share for the quarter, up from their previous estimate 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 brokerages have also recently commented on SPB. Monness Crespi & Hardt raised their price objective on shares of 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 upgraded shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research note on Thursday, September 29th. Piper Jaffray Cos. began coverage on shares of 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. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $140.00 price objective (up previously from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. Eight investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $142.50.

Earnings History and Estimates for Spectrum Brands Holdings (NYSE:SPB)

Spectrum Brands Holdings (NYSE:SPB) opened at 134.92 on Friday. Spectrum Brands Holdings has a one year low of $87.65 and a one year 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. The stock has a 50 day moving average of $132.75 and a 200 day moving average of $121.79.

Spectrum Brands Holdings (NYSE:SPB) last posted its earnings results on Thursday, July 28th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.04. The company had revenue of $1.36 billion for 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%. Spectrum Brands Holdings’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 EPS.

Several large investors have recently modified their holdings of SPB. GAM Holding AG purchased a new stake in shares of Spectrum Brands Holdings during the second quarter worth approximately $101,000. Fulton Bank N.A. purchased a new stake in shares of Spectrum Brands Holdings during the second quarter worth approximately $233,000. Legal & General Group Plc increased its stake in shares of 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. Genesee Valley Trust Co. increased its stake in shares of 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. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of Spectrum Brands Holdings by 5.0% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,100 shares of the company’s stock worth $251,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 45.41% of the company’s stock.

In other news, insider David M. Maura purchased 2,000 shares of the stock in a transaction dated Thursday, September 15th. The stock was acquired at an average cost of $127.47 per share, for a total transaction of $254,940.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Stacey L. Neu sold 800 shares of Spectrum Brands Holdings 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 sale, the senior vice president now 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.

5 Day Chart for NYSE:SPB

Receive News & Stock 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 stocks with our FREE daily email newsletter.