International Assets Investment Management LLC Acquires 471 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

International Assets Investment Management LLC lifted its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 9,420.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 476 shares of the company’s stock after buying an additional 471 shares during the quarter. International Assets Investment Management LLC’s holdings in Spectrum Brands were worth $45,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SPB. Waldron Private Wealth LLC acquired a new position in shares of Spectrum Brands during the third quarter worth $27,000. Fidelis Capital Partners LLC purchased a new position in shares of Spectrum Brands in the 1st quarter valued at about $27,000. Central Pacific Bank Trust Division acquired a new stake in Spectrum Brands in the 1st quarter valued at $30,000. Versant Capital Management Inc lifted its stake in Spectrum Brands by 1,923.8% in the 2nd quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock valued at $37,000 after buying an additional 404 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Spectrum Brands in the 1st quarter valued at $42,000.

Analyst Ratings Changes

SPB has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Friday, August 9th. Finally, UBS Group upped their target price on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Spectrum Brands has an average rating of “Hold” and an average price target of $101.88.

Spectrum Brands Trading Up 1.9 %

NYSE:SPB opened at $91.40 on Friday. Spectrum Brands Holdings, Inc. has a 1 year low of $65.27 and a 1 year high of $96.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.28. The stock has a fifty day moving average price of $91.57 and a two-hundred day moving average price of $88.93. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.26 and a beta of 1.23.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). The company had revenue of $779.40 million during 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. As a group, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.76 earnings per share for the current fiscal year.

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.