Spectrum Brands Holdings (SPB) is Reiterated by Jefferies to Buy, Raises Price Target to $ 160

Spectrum Brands Holdings (SPB) was Reiterated by Jefferies to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 160 from a previous price target of $157 . Jefferies advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on Spectrum Brands Holdings. Company shares were Reiterated by Monness Crespi & Hardt on Sep 29, 2016 to “Buy”, Firm has raised the Price Target to $ 151 from a previous price target of $138 .Piper Jaffray Initiated Spectrum Brands Holdings on Sep 1, 2016 to “Overweight”, Price Target of the shares are set at $147.Company shares were Reiterated by Monness Crespi & Hardt on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 138 from a previous price target of $125 .

On the company’s financial health, Spectrum Brands Holdings reported $1.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.69. The company had revenue of $1361.50 million for the quarter, compared to analysts expectations of $1356.86 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.

Spectrum Brands Holdings closed down -1.89 points or -1.40% at $133.09 with 1,89,071 shares getting traded on Tuesday. Post opening the session at $134.81, the shares hit an intraday low of $133.05 and an intraday high of $134.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 15, 2016, David M Maura (Executive Chairman) purchased 2,000 shares at $127.47 per share price. According to the SEC, on Aug 3, 2016, Stacey L Neu (SVP of Human Resources) sold 800 shares at $128.04 per share price. On Dec 4, 2015, Andreas Rouve (President, International & COO) sold 19,324 shares at $95.25 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.

Spectrum Brands Holdings

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