Spectrum Brands (NYSE:SPB) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.24 and traded as high as $82.83. Spectrum Brands shares last traded at $81.3590, with a volume of 281,161 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SPB. Weiss Ratings raised Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Canaccord Genuity Group upped their target price on Spectrum Brands from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $81.00 target price on shares of Spectrum Brands in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.20.

Spectrum Brands Price Performance

The stock has a market cap of $1.89 billion, a PE ratio of 15.53, a P/E/G ratio of 2.56 and a beta of 0.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.42. The business has a fifty day moving average of $79.30 and a 200 day moving average of $71.24.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.21. Spectrum Brands had a return on equity of 8.23% and a net margin of 4.47%.The firm had revenue of $708.90 million during the quarter, compared to the consensus estimate of $676.45 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. Spectrum Brands’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Spectrum Brands Holdings Inc. will post 5.32 earnings per share for the current year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 2.3%. Spectrum Brands’s dividend payout ratio is presently 35.88%.

Insider Transactions at Spectrum Brands

In other news, CEO David M. Maura acquired 2,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $72.85 per share, for a total transaction of $182,125.00. Following the completion of the purchase, the chief executive officer directly owned 790,708 shares of the company’s stock, valued at $57,603,077.80. This represents a 0.32% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is owned by insiders.

Institutional Trading of Spectrum Brands

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Spectrum Brands by 14.5% in the 3rd quarter. American Century Companies Inc. now owns 2,052,850 shares of the company’s stock valued at $107,836,000 after acquiring an additional 260,085 shares during the last quarter. Manning & Napier Advisors LLC lifted its holdings in Spectrum Brands by 9.1% in the 4th quarter. Manning & Napier Advisors LLC now owns 300,000 shares of the company’s stock valued at $17,724,000 after acquiring an additional 25,000 shares during the last quarter. Rovida Advisors Inc. lifted its holdings in Spectrum Brands by 1,140.4% in the 3rd quarter. Rovida Advisors Inc. now owns 60,000 shares of the company’s stock valued at $3,150,000 after acquiring an additional 55,163 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of Spectrum Brands by 91.7% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 47,935 shares of the company’s stock worth $2,832,000 after acquiring an additional 22,935 shares during the last quarter. Finally, Callodine Capital Management LP grew its holdings in shares of Spectrum Brands by 26.7% in the 3rd quarter. Callodine Capital Management LP now owns 1,714,955 shares of the company’s stock worth $90,087,000 after acquiring an additional 360,898 shares during the last quarter.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.