Trade-Ideas LLC identified

Spectrum Brands Holdings

(

SPB

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Spectrum Brands Holdings as such a stock due to the following factors:

  • SPB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $35.7 million.
  • SPB has traded 5,534 shares today.
  • SPB is trading at a new lifetime high.

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More details on SPB:

Spectrum Brands Holdings, Inc. manufactures and sells consumer products worldwide. It operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The stock currently has a dividend yield of 1.4%. SPB has a PE ratio of 37. Currently there are 8 analysts that rate Spectrum Brands Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Spectrum Brands Holdings has been 348,100 shares per day over the past 30 days. Spectrum has a market cap of $6.6 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.77 and a short float of 13.3% with 11.31 days to cover. Shares are up 8.6% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Spectrum Brands Holdings as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 13.9%. Since the same quarter one year prior, revenues rose by 14.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Household Products industry. The net income increased by 47.8% when compared to the same quarter one year prior, rising from $49.80 million to $73.60 million.
  • 39.99% is the gross profit margin for SPECTRUM BRANDS HOLDINGS INC which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, SPB's net profit margin of 6.03% significantly trails the industry average.
  • Powered by its strong earnings growth of 31.91% and other important driving factors, this stock has surged by 26.94% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • SPECTRUM BRANDS HOLDINGS INC has improved earnings per share by 31.9% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SPECTRUM BRANDS HOLDINGS INC reported lower earnings of $2.69 versus $4.04 in the prior year. This year, the market expects an improvement in earnings ($4.87 versus $2.69).

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