Spectrum Brands Holdings Inc Sets New 1-Year High at $76.52 (SPB)
Spectrum Brands Holdings (NYSE:SPB) set a new 52-week high during trading hours on Thursday, AnalystRatingsNetwork reports. The company traded as high as $76.52 and last traded at $75.58, with a volume of 546,478 shares. The stock had previously closed at $68.50.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Spectrum Brands Holdings to a “hold” rating in a research note to investors on Friday, January 24th. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Spectrum Brands Holdings currently has an average rating of “Buy” and a consensus price target of $73.94.
In other Spectrum Brands Holdings news, CEO David Lumley sold 10,000 shares of the 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 value of $685,500.00. Following the completion of the transaction, the chief executive officer now directly owns 138,832 shares in the company, valued at approximately $9,516,934. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Spectrum Brands Holdings has a 52 week low of $49.75 and a 52 week high of $72.03. The stock’s 50-day moving average is $69.29 and its 200-day moving average is $65.14. The company’s market cap is $3.946 billion.
Spectrum Brands Holdings (NYSE:SPB) last released its earnings data on Wednesday, January 29th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 26.5% on a year-over-year basis. On average, analysts predict that Spectrum Brands Holdings will post $4.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 18th. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Spectrum Brands Holdings’s previous quarterly dividend of $0.25.
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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