Proficio Capital Partners LLC Acquires Shares of 29,149 Spectrum Brands Holdings, Inc. (NYSE:SPB)

Proficio Capital Partners LLC acquired a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 29,149 shares of the company’s stock, valued at approximately $2,463,000. Proficio Capital Partners LLC owned 0.11% of Spectrum Brands at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Spectrum Brands by 9.9% during the 4th quarter. Victory Capital Management Inc. now owns 23,133 shares of the company’s stock worth $1,955,000 after purchasing an additional 2,078 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Spectrum Brands by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock worth $38,089,000 after acquiring an additional 7,198 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Spectrum Brands in the 4th quarter valued at $50,000. Anchor Capital Advisors LLC increased its stake in shares of Spectrum Brands by 1.2% in the 4th quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company’s stock valued at $1,318,000 after purchasing an additional 184 shares during the last quarter. Finally, Versor Investments LP bought a new stake in shares of Spectrum Brands during the 4th quarter worth $331,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. UBS Group lowered their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and raised their target price for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada lowered their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.43.

Spectrum Brands Price Performance

NYSE:SPB opened at $70.69 on Wednesday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The stock has a fifty day moving average of $79.66 and a 200 day moving average of $86.72. Spectrum Brands Holdings, Inc. has a 52-week low of $69.85 and a 52-week high of $96.74.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the previous year, the business posted $0.78 earnings per share. On average, research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.66%. Spectrum Brands’s dividend payout ratio is 46.19%.

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.