Spectrum Brands Holdings, Inc. (NYSE:SPB) saw some unusual options trading on Thursday. Stock traders acquired 10,088 call options on the company. This is an increase of 1,705% compared to the typical daily volume of 559 call options.
Spectrum Brands (NYSE:SPB) opened at $114.21 on Friday. Spectrum Brands has a one year low of $98.11 and a one year high of $146.09. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06. The stock has a market cap of $6,580.00, a P/E ratio of 21.04, a PEG ratio of 1.83 and a beta of 0.75.
Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm posted $1.31 EPS. The business’s revenue was up 5.8% on a year-over-year basis. sell-side analysts forecast that Spectrum Brands will post 6.16 EPS for the current fiscal year.
A number of equities research analysts have weighed in on SPB shares. Jefferies Group reaffirmed a “buy” rating and set a $142.00 price objective on shares of Spectrum Brands in a report on Thursday, November 16th. BMO Capital Markets set a $132.00 price objective on Spectrum Brands and gave the company a “buy” rating in a report on Friday, November 17th. Oppenheimer reaffirmed a “buy” rating and set a $167.00 price objective on shares of Spectrum Brands in a report on Monday, November 20th. KeyCorp set a $130.00 price objective on Spectrum Brands and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $125.00 price objective (down from $147.00) on shares of Spectrum Brands in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $137.25.
Several large investors have recently bought and sold shares of SPB. Daiwa Securities Group Inc. raised its stake in shares of Spectrum Brands by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after acquiring an additional 200 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of Spectrum Brands in the second quarter valued at approximately $113,000. Toronto Dominion Bank raised its stake in shares of Spectrum Brands by 244.3% in the third quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after acquiring an additional 794 shares during the last quarter. FNY Partners Fund LP bought a new position in shares of Spectrum Brands in the second quarter valued at approximately $187,000. Finally, SG Americas Securities LLC raised its stake in shares of Spectrum Brands by 50.6% in the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after acquiring an additional 533 shares during the last quarter. Institutional investors own 48.32% of the company’s stock.
About Spectrum Brands
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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