Spectrum Brands Holdings, Inc. (NYSE:SPB)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They currently have a $155.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 41.55% from the stock’s current price.
A number of other analysts have also issued reports on SPB. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 29th. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, September 28th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $125.00 target price (down previously from $147.00) on shares of Spectrum Brands Holdings in a report on Tuesday, October 31st. KeyCorp set a $130.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands Holdings in a report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $140.00.
Shares of Spectrum Brands Holdings (NYSE:SPB) traded up $10.15 during mid-day trading on Wednesday, hitting $109.50. The company had a trading volume of 2,947,800 shares, compared to its average volume of 427,875. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.88 and a quick ratio of 0.95. Spectrum Brands Holdings has a 1-year low of $98.11 and a 1-year high of $146.09. The company has a market cap of $5,766.59, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.58 and a beta of 0.75.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business posted $1.31 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. sell-side analysts predict that Spectrum Brands Holdings will post 5.57 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in SPB. BlackRock Inc. grew its holdings in shares of Spectrum Brands Holdings by 5,054.7% during the 1st quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock worth $168,030,000 after purchasing an additional 1,185,319 shares in the last quarter. Check Capital Management Inc. CA grew its holdings in shares of Spectrum Brands Holdings by 173.8% during the 3rd quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock worth $80,453,000 after purchasing an additional 482,162 shares in the last quarter. Rovida Advisors Inc. acquired a new stake in shares of Spectrum Brands Holdings during the 3rd quarter worth approximately $21,081,000. Schroder Investment Management Group grew its holdings in shares of Spectrum Brands Holdings by 29.7% during the 2nd quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock worth $101,084,000 after purchasing an additional 186,285 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Spectrum Brands Holdings by 18.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after purchasing an additional 161,567 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.
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.
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