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

Spectrum Brands Holdings Inc (NYSE:SPB) was the recipient of some unusual options trading on Thursday. Stock investors purchased 1,845 call options on the company. This is an increase of 861% compared to the typical volume of 192 call options.

In other news, insider David M. Maura purchased 20,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $50.43 per share, with a total value of $1,008,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of Spectrum Brands during the 3rd quarter valued at $37,000. First Hawaiian Bank lifted its holdings in shares of Spectrum Brands by 10.3% in the third quarter. First Hawaiian Bank now owns 8,923 shares of the company’s stock valued at $470,000 after purchasing an additional 832 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Spectrum Brands by 0.7% in the second quarter. Macquarie Group Ltd. now owns 416,635 shares of the company’s stock valued at $22,402,000 after purchasing an additional 2,700 shares in the last quarter. Hancock Whitney Corp purchased a new stake in shares of Spectrum Brands in the second quarter valued at $230,000. Finally, United Services Automobile Association lifted its holdings in shares of Spectrum Brands by 2.0% in the second quarter. United Services Automobile Association now owns 139,632 shares of the company’s stock valued at $7,508,000 after purchasing an additional 2,707 shares in the last quarter.

SPB has been the subject of a number of research reports. Deutsche Bank decreased their price target on Spectrum Brands from $60.00 to $56.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $68.00 price target on shares of Spectrum Brands in a research note on Sunday, August 11th. ValuEngine raised Spectrum Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $53.00 price target on shares of Spectrum Brands in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $55.39.

Shares of NYSE:SPB opened at $49.45 on Friday. Spectrum Brands has a one year low of $40.54 and a one year high of $70.75. The stock has a fifty day moving average of $52.97 and a 200-day moving average of $55.46. The company has a market capitalization of $2.28 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.11 and a beta of 1.75. 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 (NYSE:SPB) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.13. Spectrum Brands had a return on equity of 6.36% and a net margin of 13.21%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts forecast that Spectrum Brands will post 2.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.40%. Spectrum Brands’s dividend payout ratio (DPR) is presently 47.46%.

About Spectrum Brands

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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