Spectrum Brands Holdings, Inc. ( NYSE:SPB – Get Free Report ) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,240,000 shares, a decline of 13.
3% from the August 31st total of 1,430,000 shares. Approximately 4.6% of the company’s stock are short sold.
Based on an average daily trading volume, of 392,500 shares, the short-interest ratio is presently 3.2 days. Institutional Inflows and Outflows Large investors have recently made changes to their positions in the business.
Fidelis Capital Partners LLC acquired a new position in Spectrum Brands in the 1st quarter valued at $27,000. Central Pacific Bank Trust Division purchased a new position in shares of Spectrum Brands in the first quarter worth about $30,000. Versant Capital Management Inc boosted its position in Spectrum Brands by 1,923.
8% during the second quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock worth $37,000 after acquiring an additional 404 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Spectrum Brands during the 1st quarter valued at about $42,000.
Finally, Quarry LP grew its stake in Spectrum Brands by 375.0% during the 2nd quarter. Quarry LP now owns 570 shares of the company’s stock valued at $49,000 after acquiring an additional 450 shares in the last quarter.
Spectrum Brands Stock Up 0.9 % SPB stock opened at $93.79 on Friday.
The company has a market capitalization of $2.63 billion, a P/E ratio of 1.90, a price-to-earnings-growth ratio of 0.
33 and a beta of 1.22. Spectrum Brands has a 12 month low of $65.
27 and a 12 month high of $96.74. The firm’s fifty day simple moving average is $89.
64 and its 200-day simple moving average is $87.54. The company has a debt-to-equity ratio of 0.
26, a current ratio of 2.28 and a quick ratio of 1.61.
Spectrum Brands Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, August 27th were given a $0.42 dividend.
The ex-dividend date was Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.
79%. Spectrum Brands’s dividend payout ratio (DPR) is currently 3.40%.
Analysts Set New Price Targets A number of brokerages have recently issued reports on SPB. Deutsche Bank Aktiengesellschaft upped their price target on Spectrum Brands from $91.00 to $94.
00 and gave the stock a “hold” rating in a research report on Friday, August 9th. UBS Group increased their price target on Spectrum Brands from $111.00 to $120.
00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wells Fargo & Company boosted their price target on Spectrum Brands from $87.00 to $90.
00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $114.00 price objective on shares of Spectrum Brands in a research report on Friday, June 7th.
Finally, Canaccord Genuity Group cut their price target on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a research note on Monday, July 1st.
Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $101.88.
Read Our Latest Analysis on SPB About Spectrum Brands ( Get Free Report ) Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.
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Short Interest in Spectrum Brands Holdings, Inc. (NYSE:SPB) Decreases By 13.3%
Spectrum Brands Holdings, Inc. (NYSE:SPB – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,240,000 shares, a decline of 13.3% from the August 31st total of 1,430,000 shares. Approximately 4.6% of the company’s stock are short [...]