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.
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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