Spectrum Brands Holdings (SPB) was Reiterated by Monness Crespi & Hardt to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 125 from a previous price target of $114 . Monness Crespi & Hardt advised their investors in a research report released on Apr 29, 2016.
On the company’s financial health, Spectrum Brands Holdings reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus of $1.07. The company had revenue of $1218.80 million for the quarter, compared to analysts expectations of $1198.23 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.
Spectrum Brands Holdings opened for trading at $110.53 and hit $111.33 on the upside on Wednesday, eventually ending the session at $110.65, with a gain of 0.06% or 0.07 points. The heightened volatility saw the trading volume jump to 2,99,618 shares. Company has a market cap of $6,571 M.
In a different news, on Feb 12, 2016, David M Maura (Executive Chairman) purchased 1,000 shares at $90.15 per share price. According to the SEC, on Dec 4, 2015, Andreas Rouve (President, International & COO) sold 19,324 shares at $95.25 per share price. On Dec 3, 2015, Nathan E Fagre (SVP, GC and Secretary) sold 13,178 shares at $95.11 per share price, according to the Form-4 filing with the securities and exchange commission.
Spectrum Brands Holdings Inc. (SB Holdings) is a consumer products company. The Company supplies consumer batteries residential locksets residential builder’s hardware plumbing and accessories shaving and grooming products personal care products small household appliances specialty pet supplies lawn and garden and home pest control products personal insect repellents and auto care products. The Company operates in segments which include Global Batteries & Appliances Hardware and Home Improvement Global Pet Supplies Home and Garden and Global Auto Care. The Company manufactures and markets alkaline zinc carbon and hearing aid batteries as well as aquariums and aquatic health supplies and the designing and marketing of rechargeable batteries and electric shavers among others. The Company also offers Armor All STP and A/C PRO brands.