Citigroup Keeps Rating And Raises Price Target On Fortune Brands Home & Security, (FBHS)

Fortune Brands Home & Security, (NYSE:FBHS).

October 26 investment analysts at Credit Suisse left the stock rating at “Outperform” but moved up the price target to $74.00 from $72.00.

In the market the company is trading down by 0.47% percent from yesterday’s close. The company announced a dividend for shareholders that will be paid on Wednesday the 13th of December 2017. The dividend payment will be $0.180 per share for the quarter which is $0.72 annualized. This dividend amount will represent a yield of $1.08. The ex-dividend date is Wednesday the 23rd of August 2017.

Company shares last traded at $65.84 which is marginally lower than $65.98, the 50 day moving average and which is a tad above the 200 day moving average of $64.61. The 50 day moving average was down by -0.21% and the 200 day average went up by +1.90%.

Fortune Brands Home & Security, Inc., launched on June 9, 1988, is a holding company. The Company is a home and security products company. The Company operates through four segments: Cabinets, Plumbing, Doors and Security. The Company sells its products through a range of sales channels, including kitchen and bath dealers, wholesalers oriented toward builders or professional remodelers, industrial and locksmith distributors, do-it-yourself remodeling-oriented home centers and other retail outlets. The Business’s subsidiaries include MasterBrand Cabinets, Inc., Moen Incorporated, Fortune Brands Global Plumbing Group LLC, Fortune Brands Doors, Inc. and Fortune Brands Storage & Security LLC..

The P/E ratio is currently 23.44 and market cap is 10.14B. As of the last earnings report the EPS was $2.81 and is estimated to be $3.08 for the current year with 154,010,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.57 with next year’s EPS anticipated to be $3.44.

Traders are feeling more bearish on shares of Fortune Brands Home & Security, of late as inferred by the increase in short interest. The firm had a rise in short interest of 0.96% as of September 29, 2017 from the last reporting period. Short shares increased from 4,137,726 to 4,177,447 over that period. With short interest at 4,177,447 and short average daily volume at 697,047, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.03% on September 29.