Notable Price Action: What’s Ahead for Spectrum Brands Holdings, Inc. After Reaching Record High?

Notable Price Action: What's Ahead for Spectrum Brands Holdings, Inc. After Reaching Record High?

The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) reached all time high today, Sep, 30 and still has $222.52 target or 61.00% above today’s $138.21 share price. This indicates more upside for the $8.19B company. This technical setup was reported by If the $222.52 PT is reached, the company will be worth $5.00 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 219,287 shares traded hands. Spectrum Brands Holdings, Inc. (NYSE:SPB) has risen 41.99% since February 26, 2016 and is uptrending. It has outperformed by 31.57% the S&P500.

Analysts await Spectrum Brands Holdings, Inc. (NYSE:SPB) to report earnings on November, 17. They expect $1.29 earnings per share, up 14.16% or $0.16 from last year’s $1.13 per share. SPB’s profit will be $76.44 million for 26.78 P/E if the $1.29 EPS becomes a reality. After $1.73 actual earnings per share reported by Spectrum Brands Holdings, Inc. for the previous quarter, Wall Street now forecasts -25.43% negative EPS growth.

Spectrum Brands Holdings, Inc. (NYSE:SPB) Ratings Coverage

Out of 8 analysts covering Spectrum Brands (NYSE:SPB), 8 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Spectrum Brands has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Sterne Agee CRT maintained the shares of SPB in a report on Thursday, August 6 with “Buy” rating. Monness Crespi maintained the shares of SPB in a report on Friday, April 29 with “Buy” rating. On Thursday, September 1 the stock rating was initiated by Piperjaffray with “Overweight”. The firm earned “Outperform” rating on Thursday, August 20 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, August 6 by Deutsche Bank. As per Thursday, September 29, the company rating was maintained by Monness Crespi & Hardt. The stock has “Overweight” rating given by PiperJaffray on Thursday, September 1. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) has “Buy” rating given on Friday, January 8 by Jefferies. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) earned “Outperform” rating by Raymond James on Tuesday, December 15. The company was maintained on Friday, July 29 by Monness Crespi.

According to Zacks Investment Research, “Spectrum Brands, Inc. and its subsidiaries operate as a global branded consumer products company. The Company has three reportable segments: Global Batteries & Personal Care; Global Pet Supplies; and Home and Garden Business. Its operations include the manufacturing and marketing of alkaline, zinc carbon and hearing aid batteries, as well as aquariums and aquatic health supplies and the designing and marketing of rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products and hair care appliances. The Company also provides specialty pet supplies and also herbicides, insecticides and repellents. Its portfolio of brands are Rayovac(R), Remington(R), VARTA(R), Tetra(R), Marineland(R), Nature’s Miracle(R), Dingo(R), 8-in-1(R), Spectracide(R), Cutter(R), Repel(R), and HotShot(R) with manufacturing and product development facilities located in the U.S., Europe, Asia and Latin America. Spectrum Brands, Inc. is headquartered in Atlanta, Georgia.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.05, from 1.2 in 2016Q1. The ratio fall, as 22 funds sold all Spectrum Brands Holdings, Inc. shares owned while 74 reduced positions. 31 funds bought stakes while 79 increased positions. They now own 26.72 million shares or 7.05% more from 24.96 million shares in 2016Q1.
Bluefin Trading Ltd Liability accumulated 0.1% or 8,836 shares. Texas Yale Corp accumulated 0.12% or 10,500 shares. Hartford Investment Mngmt Communication, a Connecticut-based fund reported 29,318 shares. Point72 Asset Mngmt L P holds 75,300 shares or 0.06% of its portfolio. Oppenheimer And Incorporated, a New York-based fund reported 15,466 shares. First In holds 0.01% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 130 shares. Swiss Natl Bank has invested 0.01% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB). Checchi Cap Advisers Lc owns 84 shares or 0% of their US portfolio. Westpac Banking has invested 0% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB). Highland Capital Mngmt Lc has 12,499 shares for 0.13% of their US portfolio. Wells Fargo And Mn holds 0.01% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 200,413 shares. Tci Wealth Advsrs Incorporated reported 25 shares or 0% of all its holdings. Gam Holdings Ag holds 0% or 850 shares in its portfolio. Seabridge Inv Advsrs Limited Liability holds 0.13% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 4,286 shares. Moreover, Boston Private Wealth Lc has 0.01% invested in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 2,629 shares.

Insider Transactions: Since June 13, 2016, the stock had 2 insider purchases, and 1 sale for $650,670 net activity. $498,162 worth of Spectrum Brands Holdings, Inc. (NYSE:SPB) was bought by Maura David M. 800 shares were sold by Neu Stacey L, worth $102,432.

More notable recent Spectrum Brands Holdings, Inc. (NYSE:SPB) news were published by: which released: “Ex-Dividend Reminder: HanesBrands, Spectrum Brands Holdings and Cable One” on August 10, 2016, also with their article: “Spectrum Brands Holdings Reduces Debt in Excess of $410 Million, Expects to …” published on September 27, 2016, published: “Spectrum Brands Launches Offering to Reprice All of Its U.S. Dollar Term Loans …” on September 22, 2016. More interesting news about Spectrum Brands Holdings, Inc. (NYSE:SPB) were released by: and their article: “Spectrum Brands Announces Completion of Cash Tender Offer and Redemption …” published on September 20, 2016 as well as‘s news article titled: “Spectrum Brands Holdings to Host Investor Day on October 12” with publication date: September 14, 2016.

SPB Company Profile

Spectrum Brands Holdings, Inc. (SBH), incorporated on February 5, 2010, is a diversified consumer products company. The Firm makes, markets and/or distributes its products in approximately 160 countries in the North America, Europe, Middle East and Africa (MEA), Latin America and Asia-Pacific regions through a range of trade channels, including retailers, wholesalers and distributors, original equipment manufacturers (OEMs), construction companies and hearing aid professionals. The Firm operates through five divisions: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care.

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