Spectrum Brands Holdings Inc. (NYSE: SPB) May Be Attracting Institutional Investments

After Hours

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Stocks Info

Spectrum Brands Holdings Inc. is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Household & Personal Products industry. The current market capitalization of Spectrum Brands Holdings Inc. is $2.87B. A total of 0.69 million shares were traded on the day, compared to an average of 360.83K shares.

In the most recent transaction, Maura David M bought 20,000 shares of SPB for 67.03 per share on Nov 28 ’23. After the transaction, the Executive Chairman and CEO now owns 764,391 company shares. In a previous transaction on Nov 27 ’23, Maura David M bought 20,000 shares at 66.41 per share. SPB shares that Executive Chairman and CEO owns now total 744,391.

Among the insiders who bought shares, Zargar Ehsan acquired of 1,053 shares on Nov 27 ’23 at a per-share price of $66.50. This resulted in the EVP, GC & Corporate Secretary holding 145,415 shares of SPB after the transaction. In another insider transaction, Maura David M bought 5,000 shares at $82.89 per share on Aug 29 ’23. Company shares held by the Executive Chairman and CEO now total 693,816.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Spectrum Brands Holdings Inc. pays an annual dividend of $1.68, resulting in a dividend yield of 1.77%, and it has a price to earnings (P/E) ratio of 1.93. SPB’s most recent ex-dividend date was 5/24/2024 when it declared a $0.42 quarterly dividend that was paid in cash on 6/18/2024. Previously, the company paid the dividend on 3/12/2024 with an ex-dividend date of 2/16/2024. The SPB stock dividend was $0.42 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SPB has a high of $95.27 and a low of $65.27.

As of this writing, SPB has an earnings estimate of $1.28 per share for the current quarter. EPS was calculated based on a consensus of 8.0 estimates, with a high estimate of $1.47 per share and a lower estimate of $1.05. The company reported an EPS of $0.75 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SPB’s latest balance sheet shows that the firm has $187.90M in Cash & Short Term Investments as of fiscal 2021. There were $2.55B in debt and $1.16B in liabilities at the time. Its Book Value Per Share was $76.25, while its Total Shareholder’s Equity was $1.48B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPB is Buy with a score of 3.78.

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