3-May-2024
RBC Capital Keeps Their Buy Rating on Spectrum Brands Holdings (SPB)
TipRanks (Thu, 2-May 9:45 PM ET)
Business Wire (Mon, 22-Apr 6:30 AM ET)
Spectrum Brands Holdings Reports Fiscal 2024 First Quarter Results
Business Wire (Thu, 8-Feb 6:30 AM ET)
Spectrum Brands Holdings Declares Quarterly Common Stock Dividend of $0.42 Per Share
Business Wire (Tue, 6-Feb 5:00 PM ET)
Spectrum Brands Holdings Inc is consumer products and home essentials company. The company is a supplier of consumer batteries, residential locksets, residential builders' hardware, grooming products and personal care products. The company manages the businesses in product-focused segments; Home and Personal Care, global Pet Care, Home and Garden. The Company manufactures, markets and distributes its products globally in the North America, Europe, Middle East & Africa, Latin America, and Asia-Pacific.
Spectrum Brands Holdings trades on the NYSE stock market under the symbol SPB.
As of May 3, 2024, SPB stock price climbed to $83.67 with 306,508 million shares trading.
SPB has a beta of 0.44, meaning it tends to be less sensitive to market movements. SPB has a correlation of 0.04 to the broad based SPY ETF.
SPB has a market cap of $2.53 billion. This is considered a Mid Cap stock.
Last quarter Spectrum Brands Holdings reported $692 million in Revenue and $.78 earnings per share. This beat revenue expectation by $18 million and exceeded earnings estimates by $.35.
In the last 3 years, SPB stock traded as high as $107.22 and as low as $38.93.
The top ETF exchange traded funds that SPB belongs to (by Net Assets): VTI, VB, VBR, VXF, FNDA.
SPB has outperformed the market in the last year with a price return of +29.1% while the SPY ETF gained +27.0%. SPB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.6% and +4.1%, respectively, while the SPY returned +3.7% and +3.3%, respectively.
SPB support price is $82.08 and resistance is $84.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPB stock will trade within this expected range on the day.