Spectrum Brands Holdings Inc (NYSE:SPB) Shifting Institutional Investors Sentiment

July 18, 2017 - By Migdalia James

 Spectrum Brands Holdings Inc (NYSE:SPB) Shifting Institutional Investors Sentiment

Sentiment for Spectrum Brands Holdings Inc (NYSE:SPB)

Spectrum Brands Holdings Inc (NYSE:SPB) institutional sentiment decreased to 1.14 in 2016 Q4. Its down -0.04, from 1.18 in 2016Q3. The ratio turned negative, as 137 institutional investors started new and increased positions, while 120 sold and decreased equity positions in Spectrum Brands Holdings Inc. The institutional investors in our partner’s database now have: 25.52 million shares, down from 27.02 million shares in 2016Q3. Also, the number of institutional investors holding Spectrum Brands Holdings Inc in their top 10 positions decreased from 5 to 3 for a decrease of 2. Sold All: 42 Reduced: 78 Increased: 81 New Position: 56.

Spectrum Brands Holdings, Inc. is a diversified global consumer products company. The company has market cap of $7.36 billion. The Firm makes, 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. It has a 23.5 P/E ratio. It has five divisions: Global Batteries & Appliances (GBA), Global Pet Supplies (PET), Home and Garden (H&G), Hardware & Home Improvement (HHI) and Global Auto Care (GAC).

The stock increased 0.75% or $0.92 on July 17, reaching $124.21. About shares traded. Spectrum Brands Holdings, Inc. (NYSE:SPB) has risen 10.42% since July 18, 2016 and is uptrending. It has underperformed by 6.28% the S&P500.

Analysts await Spectrum Brands Holdings, Inc. (NYSE:SPB) to report earnings on July, 27. They expect $1.94 EPS, up 12.14 % or $0.21 from last year’s $1.73 per share. SPB’s profit will be $114.95M for 16.01 P/E if the $1.94 EPS becomes a reality. After $1.19 actual EPS reported by Spectrum Brands Holdings, Inc. for the previous quarter, Wall Street now forecasts 63.03 % EPS growth.

Dynamo Internacional Gestao De Recursos Ltda. holds 10.32% of its portfolio in Spectrum Brands Holdings, Inc. for 630,731 shares. Brahman Capital Corp. owns 1.03 million shares or 5.37% of their US portfolio. Moreover, Goodhaven Capital Management Llc has 4.86% invested in the company for 98,470 shares. The California-based Cypress Funds Llc has invested 3.85% in the stock. Oskie Capital Management Llc, a New York-based fund reported 10,218 shares.#img1#

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

Ratings analysis reveals 91% of Spectrum Brands’s analysts are positive. Out of 11 Wall Street analysts rating Spectrum Brands, 10 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $110 while the high is $167. The stock’s average target of $140.44 is 13.07% above today’s ($124.21) share price. SPB was included in 22 notes of analysts from August 6, 2015. As per Thursday, September 29, the company rating was maintained by Monness Crespi & Hardt. The firm has “Buy” rating by RBC Capital Markets given on Monday, April 24. Monness Crespi maintained it with “Buy” rating and $125 target in Friday, April 29 report. The firm has “Buy” rating given on Wednesday, June 21 by Oppenheimer. The rating was initiated by BMO Capital Markets on Friday, December 16 with “Outperform”. Raymond James initiated the shares of SPB in report on Tuesday, December 15 with “Outperform” rating. The rating was maintained by Jefferies on Thursday, July 6 with “Buy”. As per Wednesday, April 19, the company rating was maintained by Jefferies. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) has “Buy” rating given on Thursday, August 6 by Sterne Agee CRT. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) has “Buy” rating given on Friday, January 8 by Jefferies.

More notable recent Spectrum Brands Holdings, Inc. (NYSE:SPB) news were published by: Seekingalpha.com which released: “Spectrum Brands Holdings (SPB) Q2 2017 Results – Earnings Call Transcript” on May 02, 2017, also Fool.com with their article: “Can Spectrum Brands Holdings, Inc. Be a Value Stock?” published on June 27, 2017, Pehub.com published: “Spectrum Brands to buy PetMatrix: UPDATED” on May 15, 2017. More interesting news about Spectrum Brands Holdings, Inc. (NYSE:SPB) were released by: Seekingalpha.com and their article: “Tourbillon Capital Letter To Spectrum Brands” published on May 23, 2017 as well as Nasdaq.com‘s news article titled: “American National Bank Buys iShares MSCI EAFE, Spectrum Brands Holdings Inc …” with publication date: July 08, 2017.

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