Spectrum Brands Holdings, Inc. (NYSE:SPB) saw strong trading volume on Monday . 2,164,495 shares traded hands during mid-day trading, an increase of 172% from the previous session’s volume of 796,226 shares.The stock last traded at $104.03 and had previously closed at $103.61.
A number of analysts have recently issued reports on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $155.00 price objective on shares of Spectrum Brands in a research note on Wednesday, November 15th. BMO Capital Markets reduced their price objective on shares of Spectrum Brands from $132.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, February 13th. Jefferies Group reissued a “buy” rating and issued a $145.00 price objective on shares of Spectrum Brands in a research note on Tuesday, January 9th. Wells Fargo & Co reissued a “buy” rating on shares of Spectrum Brands in a research note on Tuesday, January 16th. Finally, KeyCorp set a $130.00 price objective on shares of Spectrum Brands and gave the stock a “buy” rating in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Spectrum Brands currently has a consensus rating of “Buy” and an average price target of $141.80.
The company has a market cap of $5,996.98, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.84 and a beta of 0.69. The company has a current ratio of 2.70, a quick ratio of 2.19 and a debt-to-equity ratio of 2.01.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.68 annualized dividend and a yield of 1.61%. Spectrum Brands’s payout ratio is 25.04%.
A number of institutional investors and hedge funds have recently bought and sold shares of SPB. Newbrook Capital Advisors LP purchased a new position in Spectrum Brands during the fourth quarter valued at $76,729,000. Millennium Management LLC grew its stake in Spectrum Brands by 296.7% during the fourth quarter. Millennium Management LLC now owns 717,699 shares of the company’s stock valued at $80,669,000 after acquiring an additional 536,798 shares in the last quarter. Check Capital Management Inc. CA grew its stake in Spectrum Brands by 173.8% during the third quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock valued at $80,453,000 after acquiring an additional 482,162 shares in the last quarter. Rovida Advisors Inc. purchased a new position in Spectrum Brands during the third quarter valued at $21,081,000. Finally, Two Sigma Investments LP grew its stake in Spectrum Brands by 5,346.4% during the fourth quarter. Two Sigma Investments LP now owns 171,998 shares of the company’s stock valued at $19,333,000 after acquiring an additional 168,840 shares in the last quarter. 45.16% of the stock is owned by institutional investors.
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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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