Spectrum Brands Holdings Inc (NYSE:SPB) Sentiment Up, Despite

July 18, 2017 - By Kurt Siggers

 Spectrum Brands Holdings Inc (NYSE:SPB) Sentiment  Up,  Despite

Sentiment for Spectrum Brands Holdings Inc (NYSE:SPB)

Spectrum Brands Holdings Inc (NYSE:SPB) institutional sentiment decreased to 1.14 in Q4 2016. Its down -0.04, from 1.18 in 2016Q3. The ratio dived, as 137 active investment managers started new or increased holdings, while 120 cut down and sold their positions in Spectrum Brands Holdings Inc. The active investment managers in our partner’s database now possess: 25.52 million shares, down from 27.02 million shares in 2016Q3. Also, the number of active investment managers holding Spectrum Brands Holdings Inc in their top 10 holdings 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.

Investors wait Spectrum Brands Holdings, Inc. (NYSE:SPB) to report on July, 27. its quarterly earnings Wall Street analysts expect $1.94 EPS, up $0.21 or 12.14 % from last year’s $1.73 same quarter earnings. This translates into $114.95M profit for SPB giving the stock a 16.01 P/E. This is assuming the current $1.94 EPS is accurate. Spectrum Brands Holdings, Inc.’s Wall Street analysts see 63.03 % EPS growth, taking into account the $1.19 EPS reproted in the previous quarter,

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. Monness Crespi maintained the stock with “Buy” rating in Friday, July 29 report. The firm earned “Overweight” rating on Thursday, September 1 by PiperJaffray. The rating was initiated by Raymond James on Tuesday, December 15 with “Outperform”. The stock of Spectrum Brands Holdings, Inc. (NYSE:SPB) has “Buy” rating given on Thursday, August 6 by Sterne Agee CRT. As per Thursday, August 6, the company rating was maintained by Deutsche Bank. The rating was upgraded by Jefferies to “Buy” on Friday, January 8. The rating was initiated by BMO Capital Markets on Friday, December 16 with “Outperform”. On Thursday, September 1 the stock rating was initiated by Piperjaffray with “Overweight”. The firm has “Buy” rating given on Thursday, October 13 by Jefferies. The company was downgraded on Tuesday, January 10 by Bank of America.

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

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