Spectrum Brands Holdings, Inc. (NYSE:SPB) was the target of unusually large options trading activity on Monday. Stock investors bought 13,644 call options on the company. This is an increase of 720% compared to the typical daily volume of 1,663 call options.

Hedge funds have recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Spectrum Brands Holdings during the second quarter valued at about $100,000. Daiwa Securities Group Inc. boosted its stake in Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Spectrum Brands Holdings during the second quarter valued at about $113,000. Invictus RG bought a new stake in Spectrum Brands Holdings during the first quarter valued at about $156,000. Finally, FNY Partners Fund LP bought a new stake in Spectrum Brands Holdings during the second quarter valued at about $187,000. 47.00% of the stock is currently owned by hedge funds and other institutional investors.

Spectrum Brands Holdings (SPB) opened at 107.47 on Thursday. The company’s 50-day moving average is $115.77 and its 200 day moving average is $130.06. Spectrum Brands Holdings has a one year low of $105.30 and a one year high of $146.09. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 22.00 and a beta of 0.66.

Spectrum Brands Holdings (NYSE:SPB) last posted its earnings results on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $1.92 by $0.21. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts expect that Spectrum Brands Holdings will post $5.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, August 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.56%. Spectrum Brands Holdings’s payout ratio is currently 34.29%.

A number of equities analysts have recently commented on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $167.00 target price on shares of Spectrum Brands Holdings in a research report on Wednesday. BidaskClub raised shares of Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a $131.00 target price (down from $149.00) on shares of Spectrum Brands Holdings in a research report on Monday, July 31st. Jefferies Group LLC set a $143.00 target price on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Saturday, July 29th. Finally, Royal Bank Of Canada set a $155.00 target price on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $146.44.

COPYRIGHT VIOLATION NOTICE: “Spectrum Brands Holdings Sees Unusually High Options Volume (SPB)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/08/31/spectrum-brands-holdings-sees-unusually-high-options-volume-spb.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 & 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.