Spectrum Brands Target of Unusually Large Options Trading (NYSE:SPB)

Spectrum Brands Holdings Inc (NYSE:SPB) saw unusually large options trading on Thursday. Stock investors acquired 1,845 call options on the stock. This is an increase of approximately 861% compared to the average daily volume of 192 call options.

Several equities research analysts have recently weighed in on the company. Deutsche Bank decreased their target price on Spectrum Brands from $60.00 to $56.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Co reiterated a “hold” rating and issued a $53.00 price target on shares of Spectrum Brands in a research note on Wednesday, August 7th. ValuEngine upgraded Spectrum Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $68.00 price target on shares of Spectrum Brands in a research note on Sunday, August 11th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Spectrum Brands currently has a consensus rating of “Buy” and an average target price of $55.39.

In related news, insider David M. Maura bought 20,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $50.43 per share, with a total value of $1,008,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in SPB. Pacer Advisors Inc. acquired a new stake in Spectrum Brands during the third quarter valued at approximately $37,000. Tower Research Capital LLC TRC acquired a new stake in Spectrum Brands during the second quarter valued at approximately $123,000. Hancock Whitney Corp acquired a new stake in Spectrum Brands during the second quarter valued at approximately $230,000. Teza Capital Management LLC acquired a new stake in Spectrum Brands during the second quarter valued at approximately $263,000. Finally, Keybank National Association OH acquired a new stake in Spectrum Brands during the second quarter valued at approximately $283,000.

NYSE:SPB opened at $49.45 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.54. Spectrum Brands has a one year low of $40.54 and a one year high of $70.75. The business’s 50-day simple moving average is $52.97 and its 200 day simple moving average is $55.46. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.11 and a beta of 1.75.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.13. Spectrum Brands had a return on equity of 6.36% and a net margin of 13.21%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts predict that Spectrum Brands will post 2.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, August 22nd were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Wednesday, August 21st. Spectrum Brands’s dividend payout ratio (DPR) is 47.46%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

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