Spectrum Brands Holdings Inc (NYSE: SPB) is 1.23% higher on its value in year-to-date trading and has touched a low of $75.50 and a high of $96.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPB stock was last observed hovering at around $85.42 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $85.53, the stock is 1.11% and -3.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 0.13% at the moment leaves the stock -3.26% off its SMA200. SPB registered 9.88% gain for a year compared to 6-month gain of 1.31%. The firm has a 50-day simple moving average (SMA 50) of $89.0122 and a 200-day simple moving average (SMA200) of $88.41295.
The stock witnessed a -4.38% loss in the last 1 month and extending the period to 3 months gives it a -7.28%, and is 2.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.31% over the week and 1.83% over the month.
Spectrum Brands Holdings Inc (SPB) has around 3100 employees, a market worth around $2.40B and $2.96B in sales. Current P/E ratio is 22.62 and Fwd P/E is 13.85. Profit margin for the company is 3.87%. Distance from 52-week low is 13.28% and -11.59% from its 52-week high. The company has generated returns on investments over the last 12 months (4.12%).
The EPS is expected to grow by 32.53% this year.
Spectrum Brands Holdings Inc (SPB) Top Institutional Holders
407.0 institutions hold shares in Spectrum Brands Holdings Inc (SPB), with institutional investors hold 99.07% of the company’s shares. The shares outstanding are 28.10M, and float is at 26.89M with Short Float at 4.61%. Institutions hold 95.69% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.0 million shares valued at $257.96 million. The investor’s holdings represent 9.9404% of the SPB Shares outstanding. As of 2024-06-30, the second largest holder is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with 2.01 million shares valued at $172.51 million to account for 6.6476 of the shares outstanding. The other top investors are INVESCO LTD. which holds 1.74 million shares representing 5.776% and valued at over $149.89 million, while BLACKROCK INC. holds 4.4364 of the shares totaling 1.34 million with a market value of $115.13 million.
Spectrum Brands Holdings Inc (SPB) Insider Activity
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