Investors Buy Spectrum Brands (SPB) on Weakness

Investors bought shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) on weakness during trading on Wednesday. $46.14 million flowed into the stock on the tick-up and $25.06 million flowed out of the stock on the tick-down, for a money net flow of $21.08 million into the stock. Of all companies tracked, Spectrum Brands had the 17th highest net in-flow for the day. Spectrum Brands traded down ($0.07) for the day and closed at $125.16

Several equities research analysts have issued reports on SPB shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Spectrum Brands in a research note on Wednesday, December 20th. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands in a research note on Thursday, September 28th. Gabelli raised shares of Spectrum Brands from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Oppenheimer reiterated a “buy” rating on shares of Spectrum Brands in a report on Wednesday, December 20th. Finally, Rowe reiterated a “buy” rating and set a $167.00 price target on shares of Spectrum Brands in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $142.50.

The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75. The stock has a market cap of $7,212.48, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.87 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 EPS for the quarter, missing the 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 company had revenue of $1.32 billion for 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 was up 5.8% on a year-over-year basis. equities research analysts forecast that Spectrum Brands Holdings, Inc. will post 6.15 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Spectrum Brands by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,756,257 shares of the company’s stock worth $184,511,000 after acquiring an additional 121,573 shares during the period. Bessemer Group Inc. raised its holdings in Spectrum Brands by 2.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,074,169 shares of the company’s stock valued at $113,776,000 after buying an additional 25,670 shares during the period. Schroder Investment Management Group raised its holdings in Spectrum Brands by 7.7% in the 3rd quarter. Schroder Investment Management Group now owns 875,847 shares of the company’s stock valued at $92,016,000 after buying an additional 62,944 shares during the period. Check Capital Management Inc. CA raised its holdings in Spectrum Brands by 173.8% in the 3rd quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock valued at $80,453,000 after buying an additional 482,162 shares during the period. Finally, State Street Corp raised its holdings in Spectrum Brands by 2.6% in the 2nd quarter. State Street Corp now owns 569,855 shares of the company’s stock valued at $71,288,000 after buying an additional 14,196 shares during the period. Institutional investors and hedge funds 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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