Insider Selling: David R. Lumley Sells 10,000 Shares of Spectrum Brands Holdings Stock (SPB)
Spectrum Brands Holdings (NYSE:SPB) CEO David R. Lumley unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $68.55, for a total transaction of $685,500.00. Following the completion of the transaction, the chief executive officer now directly owns 138,832 shares of the company’s stock, valued at approximately $9,516,934. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Spectrum Brands Holdings in a research note to investors on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Spectrum Brands Holdings in a research note to investors on Friday, November 22nd. They now have a $63.02 price target on the stock. Finally, analysts at Monness Crespi & Hardt raised their price target on shares of Spectrum Brands Holdings from $78.00 to $85.00 in a research note to investors on Friday, November 22nd. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $73.94.
Shares of Spectrum Brands Holdings (NYSE:SPB) traded up 1.69% on Thursday, hitting $69.73. The stock had a trading volume of 341,302 shares. Spectrum Brands Holdings has a 1-year low of $49.41 and a 1-year high of $72.03. The stock has a 50-day moving average of $69.34 and a 200-day moving average of $64.74. The company’s market cap is $3.641 billion.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.03. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.10 earnings per share. Spectrum Brands Holdings’s revenue was up 36.6% compared to the same quarter last year. Analysts expect that Spectrum Brands Holdings will post $4.22 EPS for the current fiscal year.
Spectrum Brands Holdings, Inc is a consumer products company. The Company manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies.
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