2,334 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,334 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPB. Fidelis Capital Partners LLC bought a new stake in Spectrum Brands in the 1st quarter worth about $27,000. Central Pacific Bank Trust Division bought a new stake in Spectrum Brands in the 1st quarter worth about $30,000. Versant Capital Management Inc grew its position in Spectrum Brands by 1,923.8% in the 2nd quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock worth $37,000 after purchasing an additional 404 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Spectrum Brands in the 1st quarter worth about $42,000. Finally, Quarry LP grew its position in Spectrum Brands by 375.0% in the 2nd quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after purchasing an additional 450 shares in the last quarter.

Wall Street Analyst Weigh In

SPB has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. UBS Group increased their target price on shares of Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group reduced their target price on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating for the company in a research report on Monday, July 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Spectrum Brands presently has an average rating of “Hold” and a consensus target price of $101.88.

Spectrum Brands Stock Performance

Shares of SPB stock opened at $89.49 on Wednesday. The stock has a market capitalization of $2.51 billion, a P/E ratio of 25.28, a PEG ratio of 0.25 and a beta of 1.22. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $91.84 and its 200 day moving average is $88.24. Spectrum Brands Holdings, Inc. has a 12 month low of $65.27 and a 12 month high of $96.74.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). The business had revenue of $779.40 million for the quarter, compared to analysts’ expectations of $750.97 million. Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.78 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, August 27th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Tuesday, August 27th. Spectrum Brands’s payout ratio is currently 47.46%.

Spectrum Brands 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.