Farther Finance Advisors LLC Purchases 261 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Farther Finance Advisors LLC raised its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 92.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 544 shares of the company’s stock after purchasing an additional 261 shares during the period. Farther Finance Advisors LLC’s holdings in Spectrum Brands were worth $52,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in Spectrum Brands by 154.7% in the first quarter. First Eagle Investment Management LLC now owns 126,100 shares of the company’s stock valued at $11,224,000 after purchasing an additional 76,600 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Spectrum Brands by 50.5% in the first quarter. Gamco Investors INC. ET AL now owns 231,933 shares of the company’s stock valued at $20,644,000 after purchasing an additional 77,835 shares in the last quarter. TCW Group Inc. increased its stake in Spectrum Brands by 25.2% in the second quarter. TCW Group Inc. now owns 126,861 shares of the company’s stock valued at $10,901,000 after purchasing an additional 25,551 shares in the last quarter. Gabelli Funds LLC increased its stake in Spectrum Brands by 217.7% in the first quarter. Gabelli Funds LLC now owns 165,594 shares of the company’s stock valued at $14,740,000 after purchasing an additional 113,470 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in Spectrum Brands in the first quarter valued at approximately $792,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SPB shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Friday, August 9th. Wells Fargo & Company upped their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, UBS Group upped their price target on shares of Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Spectrum Brands presently has a consensus rating of “Hold” and a consensus target price of $101.88.

Spectrum Brands Stock Performance

Shares of SPB opened at $93.70 on Thursday. Spectrum Brands Holdings, Inc. has a 12 month low of $65.27 and a 12 month high of $96.74. The firm has a fifty day simple moving average of $91.56 and a 200 day simple moving average of $89.32. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 0.26 and a beta of 1.23. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.