Spectrum Brands Sees Unusually High Options Volume (SPB)

Spectrum Brands Holdings, Inc. (NYSE:SPB) saw some unusual options trading on Friday. Stock traders bought 10,026 put options on the company. This represents an increase of approximately 3,863% compared to the typical volume of 253 put options.

A number of research analysts have issued reports on SPB shares. Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands in a research note on Thursday, September 28th. Jefferies Group reiterated a “buy” rating and set a $143.00 price objective on shares of Spectrum Brands in a research note on Thursday, October 12th. Zacks Investment Research upgraded Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. KeyCorp set a $130.00 price objective on Spectrum Brands and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $125.00 price objective (down previously from $147.00) on shares of Spectrum Brands in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $142.50.

Spectrum Brands (NYSE:SPB) opened at $121.34 on Monday. Spectrum Brands has a one year low of $98.11 and a one year high of $146.09. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. The stock has a market capitalization of $6,992.34, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.81 and a beta of 0.76.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.12). Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts forecast that Spectrum Brands will post 6.15 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. 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 worth $119,000 after purchasing an additional 794 shares during the last quarter. 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 worth $198,000 after purchasing an additional 533 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Spectrum Brands in the fourth quarter worth $202,000. Stoneridge Investment Partners LLC purchased a new position in shares of Spectrum Brands in the third quarter worth $214,000. Finally, Commerce Bank raised its stake in shares of Spectrum Brands by 32.4% in the third quarter. Commerce Bank now owns 3,045 shares of the company’s stock worth $323,000 after purchasing an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

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Spectrum Brands Company Profile

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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