Spectrum Brands Holdings Inc. (NYSE:SPB) is set to announce its Q416 earnings results on Thursday, November 17th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $1.33 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Earnings History for Spectrum Brands Holdings (NYSE:SPB)

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) opened at 129.59 on Tuesday. The company’s 50 day moving average is $134.18 and its 200-day moving average is $125.48. The stock has a market capitalization of $7.70 billion, a PE ratio of 26.33 and a beta of 0.71. Spectrum Brands Holdings Inc. has a 52 week low of $87.65 and a 52 week high of $138.95.

In related news, insider David M. Maura purchased 2,000 shares of Spectrum Brands Holdings stock in a transaction dated Thursday, September 15th. The stock was purchased 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 can be accessed through the SEC website. 0.95% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in SPB. Principal Financial Group Inc. raised its stake in shares of Spectrum Brands Holdings by 9.8% in the second quarter. Principal Financial Group Inc. now owns 5,703 shares of the company’s stock worth $680,000 after buying an additional 509 shares in the last quarter. BlackRock Investment Management LLC raised its stake in shares of Spectrum Brands Holdings by 8.2% in the second quarter. BlackRock Investment Management LLC now owns 9,710 shares of the company’s stock worth $1,159,000 after buying an additional 735 shares in the last quarter. BlackRock Inc. raised its stake in shares of Spectrum Brands Holdings by 20.3% in the second quarter. BlackRock Inc. now owns 3,599 shares of the company’s stock worth $429,000 after buying an additional 607 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Spectrum Brands Holdings by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 673,383 shares of the company’s stock worth $80,341,000 after buying an additional 6,406 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Spectrum Brands Holdings by 98.7% in the second quarter. US Bancorp DE now owns 9,320 shares of the company’s stock worth $1,112,000 after buying an additional 4,629 shares in the last quarter. Hedge funds and other institutional investors own 46.76% of the company’s stock.

A number of brokerages recently issued reports on SPB. Monness Crespi & Hardt lifted their price target on shares of Spectrum Brands Holdings from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research note on Saturday, October 15th. Deutsche Bank AG restated a “buy” rating and set a $140.00 price objective (up from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. Jefferies Group raised their price objective on shares of Spectrum Brands Holdings from $147.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Piper Jaffray Cos. started coverage on shares of Spectrum Brands Holdings in a research note on Thursday, September 1st. They set an “overweight” rating and a $147.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $142.50.

About Spectrum Brands Holdings

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

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