Insider Selling: David R. Lumley Sells 10,000 Shares of Spectrum Brands Holdings Stock (SPB)
Spectrum Brands Holdings (NYSE:SPB) CEO David R. Lumley sold 10,000 shares of Spectrum Brands Holdings stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $74.81, for a total transaction of $748,100.00. Following the sale, the chief executive officer now directly owns 98,832 shares in the company, valued at approximately $7,393,622. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SPB shares. Analysts at CRT Capital initiated coverage on shares of Spectrum Brands Holdings in a research note on Wednesday, May 14th. They set a “buy” rating and a $90.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Spectrum Brands Holdings from $76.00 to $83.00 in a research note on Monday, April 14th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Spectrum Brands Holdings from $78.00 to $89.00 in a research note on Friday, April 11th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $83.72.
Spectrum Brands Holdings (NYSE:SPB) traded up 0.64% on Friday, hitting $76.01. The stock had a trading volume of 101,091 shares. Spectrum Brands Holdings has a 1-year low of $55.71 and a 1-year high of $81.49. The stock has a 50-day moving average of $76.33 and a 200-day moving average of $73.20. The company has a market cap of $4.008 billion and a P/E ratio of 45.25.
Spectrum Brands Holdings (NYSE:SPB) last announced its earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.44 earnings per share. Spectrum Brands Holdings’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Spectrum Brands Holdings will post $4.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 17th. Investors of record on Tuesday, May 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 16th.
Spectrum Brands Holdings, Inc (NYSE:SPB) is a consumer products company.
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