Today’s Market Runner: Spectrum Brands Holdings, Inc. Sets 52-Week High; Strong Momentum for Holders

Today's Market Runner: Spectrum Brands Holdings, Inc. Sets 52 Week High; Strong Momentum for Holders

The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) hit a new 52-week high and has $177.27 target or 28.00% above today’s $138.49 share price. The 8 months bullish chart indicates low risk for the $8.20B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $177.27 price target is reached, the company will be worth $2.30B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 170,326 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 EPS, up 14.16% or $0.16 from last year’s $1.13 per share. SPB’s profit will be $76.38 million for 26.84 P/E if the $1.29 EPS becomes a reality. After $1.73 actual EPS 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. The firm has “Buy” rating by Monness Crespi given on Friday, July 29. The firm has “Buy” rating by Monness Crespi & Hardt given on Thursday, September 29. Deutsche Bank maintained Spectrum Brands Holdings, Inc. (NYSE:SPB) on Thursday, August 6 with “Buy” rating. Sterne Agee CRT maintained Spectrum Brands Holdings, Inc. (NYSE:SPB) on Thursday, August 6 with “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, August 20. The company was initiated on Thursday, September 1 by Piperjaffray. The rating was maintained by Monness Crespi with “Buy” on Friday, April 29. The rating was initiated by PiperJaffray on Thursday, September 1 with “Overweight”. 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) has “Outperform” rating given on Tuesday, December 15 by Raymond James.

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 2016 Q2. Its down 0.05, from 1.2 in 2016Q1. The ratio is negative, 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.
Dimensional Fund L P accumulated 451,924 shares or 0.03% of the stock. First Advsr Ltd Partnership last reported 0.4% of its portfolio in the stock. Tiger Eye Ltd Liability Corporation last reported 3% of its portfolio in the stock. Blackrock Inv Management Lc accumulated 9,710 shares or 0% of the stock. Cypress Funds Limited Liability Com has 131,000 shares for 3.69% of their US portfolio. Acadian Asset Management Ltd Com holds 0.31% or 501,330 shares in its portfolio. Moreover, Kennedy Cap Mgmt Inc has 0.29% invested in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 120,503 shares. Meeder Asset accumulated 1,161 shares or 0.01% of the stock. Putnam Investments Limited Liability Com owns 11,425 shares or 0% of their US portfolio. Principal Grp accumulated 5,703 shares or 0% of the stock. Retail Bank Of Montreal Can accumulated 20,901 shares or 0% of the stock. Parametric Port Assoc Limited Liability has 85,421 shares for 0.02% of their US portfolio. London Of Virginia holds 548,689 shares or 0.5% of its portfolio. State Board Of Administration Of Florida Retirement has invested 0.01% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB). Alliancebernstein Ltd Partnership holds 0% of its portfolio in Spectrum Brands Holdings, Inc. (NYSE:SPB) for 17,805 shares.

Insider Transactions: Since June 13, 2016, the stock had 2 buys, and 1 sale for $650,670 net activity. $254,940 worth of Spectrum Brands Holdings, Inc. (NYSE:SPB) was bought by Maura David M. Neu Stacey L also sold $102,432 worth of Spectrum Brands Holdings, Inc. (NYSE:SPB) shares.

More notable recent Spectrum Brands Holdings, Inc. (NYSE:SPB) news were published by: Forbes.com which released: “Ex-Dividend Reminder: HanesBrands, Spectrum Brands Holdings and Cable One” on August 10, 2016, also Finance.Yahoo.com with their article: “Spectrum Brands Holdings Reduces Debt in Excess of $410 Million, Expects to …” published on September 27, 2016, Finance.Yahoo.com 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: Finance.Yahoo.com and their article: “Spectrum Brands Announces Completion of Cash Tender Offer and Redemption …” published on September 20, 2016 as well as Finance.Yahoo.com‘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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