A Reversal for Fortune Brands Home & Security, Inc. (FBHS) Is Not Near. The Formed Multiple Bottom Pattern

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Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.56, from 1.41 in 2017Q4. It worsened, as 47 investors sold Fortune Brands Home & Security, Inc. shares while 162 reduced holdings. 50 funds opened positions while 128 raised stakes. 120.01 million shares or 5.56% less from 127.08 million shares in 2017Q4 were reported.
Schwab Charles Invest Mgmt Inc accumulated 784,105 shares. 186,423 are owned by M&T Bancshares. Aurora Invest Counsel holds 1.04% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 35,292 shares. Ameritas Investment Prtn reported 0.01% stake. X Mgmt Ltd invested in 2,572 shares. 42,035 are held by Regions Fincl. Covington Capital Management reported 0% stake. Duncker Streett And Inc owns 1,400 shares or 0.02% of their US portfolio. Whittier Trust Company Of Nevada Inc holds 800 shares. Tributary Cap Management Ltd Liability Co reported 0.12% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Neuberger Berman Gru Ltd Company holds 0% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 8,669 shares. 9,071 were accumulated by Bnp Paribas Asset Management Sa. Boston Family Office Ltd Com has 4,750 shares for 0.03% of their portfolio. Alpha Windward Llc accumulated 7,860 shares. 526,457 are held by Tiaa Cref Invest Ltd Llc.

Since April 2, 2018, it had 0 insider purchases, and 1 sale for $287,147 activity.

The stock of Fortune Brands Home & Security, Inc. (FBHS) shows a multiple bottoms pattern with $51.01 target or 7.00 % below today’s $54.85 share price. The 8 months chart pattern indicates high risk for the $7.81B company. It was reported on Aug, 28 by Finviz.com. If the $51.01 price target is reached, the company will be worth $546.77 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.05% or $0.03 during the last trading session, reaching $54.85. About 380,034 shares traded. Fortune Brands Home & Security, Inc. (NYSE:FBHS) has declined 8.98% since August 28, 2017 and is downtrending. It has underperformed by 21.55% the S&P500.

Analysts await Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report earnings on October, 24. They expect $1.06 earnings per share, up 27.71 % or $0.23 from last year’s $0.83 per share. FBHS’s profit will be $150.95 million for 12.94 P/E if the $1.06 EPS becomes a reality. After $1.00 actual earnings per share reported by Fortune Brands Home & Security, Inc. for the previous quarter, Wall Street now forecasts 6.00 % EPS growth.

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

Among 7 analysts covering Fortune Brands Home (NYSE:FBHS), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Fortune Brands Home has $77 highest and $61 lowest target. $68.29’s average target is 24.50% above currents $54.85 stock price. Fortune Brands Home had 8 analyst reports since March 2, 2018 according to SRatingsIntel. Bank of America downgraded it to “Underperform” rating and $61 target in Friday, August 10 report. The company was maintained on Friday, April 27 by Barclays Capital. Robert W. Baird maintained the stock with “Buy” rating in Thursday, April 19 report. As per Friday, April 27, the company rating was maintained by Credit Suisse. The rating was maintained by Citigroup on Monday, April 30 with “Neutral”. The company was maintained on Monday, June 25 by J.P. Morgan. The rating was downgraded by Bank of America on Monday, May 14 to “Hold”.

More recent Fortune Brands Home & Security, Inc. (NYSE:FBHS) news were published by: Streetinsider.com which released: “Fortune Brands Home & Security (FBHS) to Acquire Fiberon for $470 Million” on August 23, 2018. Also Benzinga.com published the news titled: “Fortune Brands Downgraded By BofA On Cautious View For Building Products Stocks” on August 10, 2018. Themiddlemarket.com‘s news article titled: “M&A wrap: Fiberon, Fortune Brands, ModoPayments, CD&R” with publication date: August 24, 2018 was also an interesting one.

Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, and security applications. The company has market cap of $7.81 billion. It operates in four divisions: Cabinets, Plumbing, Doors, and Security. It has a 18.07 P/E ratio. The Cabinets segment makes custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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