Spectrum Brands Holdings Director David M. Maura Purchases 1,000 Shares (SPB)
Spectrum Brands Holdings (NYSE:SPB) Director David M. Maura bought 1,000 shares of the stock on the open market in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $86.07 per share, with a total value of $86,070.00. Following the acquisition, the director now directly owns 115,536 shares in the company, valued at approximately $9,944,184. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Spectrum Brands Holdings (NYSE:SPB) traded down 0.98% on Wednesday, hitting $86.00. 119,368 shares of the company’s stock traded hands. Spectrum Brands Holdings has a 52 week low of $60.92 and a 52 week high of $88.40. The stock has a 50-day moving average of $84.96 and a 200-day moving average of $80.33. The company has a market cap of $4.535 billion and a P/E ratio of 35.30.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.29 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Spectrum Brands Holdings will post $4.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, August 15th.
A number of research firms have recently commented on SPB. Analysts at Barclays reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 31st. They now have a $92.00 price target on the stock, up previously from $90.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 31st. They now have a $85.00 price target on the stock, up previously from $77.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Spectrum Brands Holdings from $2.00 to $96.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $91.00.
Spectrum Brands Holdings, Inc (NYSE:SPB) is a consumer products company.
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