Spectrum Brands Holdings Director Buys $172,160 in Stock (SPB)
Spectrum Brands Holdings (NYSE:SPB) Director David M. Maura acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were purchased at an average cost of $86.08 per share, for a total transaction of $172,160.00. Following the acquisition, the director now directly owns 117,536 shares of the company’s stock, valued at approximately $10,117,499. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Spectrum Brands Holdings (NYSE:SPB) traded up 0.50% on Thursday, hitting $86.43. The stock had a trading volume of 155,967 shares. Spectrum Brands Holdings has a one year low of $60.92 and a one year high of $88.40. The stock’s 50-day moving average is $85.07 and its 200-day moving average is $80.4. The company has a market cap of $4.558 billion and a price-to-earnings ratio of 34.96.
Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Spectrum Brands Holdings will post $4.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, August 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 1.39%. The ex-dividend date of this dividend is Friday, August 15th.
SPB has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $91.00.
Spectrum Brands Holdings, Inc (NYSE:SPB) is a consumer products company.