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 15,812 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 1.3%. SPB has a PE ratio of 32. 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 332,500 shares per day over the past 30 days. Spectrum has a market cap of $7.0 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.76 and a short float of 15% with 12.27 days to cover. Shares are up 16.5% year-to-date as of the close of trading on Monday.

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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, reasonable valuation levels, solid stock price performance, increase in net income and good cash flow from operations. 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 10.5%. Since the same quarter one year prior, revenues rose by 13.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • 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 170.5% when compared to the same quarter one year prior, rising from $27.80 million to $75.20 million.
  • Net operating cash flow has significantly increased by 334.42% to $79.00 million when compared to the same quarter last year. In addition, SPECTRUM BRANDS HOLDINGS INC has also vastly surpassed the industry average cash flow growth rate of -8.30%.

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