Proficio Capital Partners LLC purchased a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,149 shares of the company's stock, valued at approximately $2,463,000. Proficio Capital Partners LLC owned approximately 0.11% of Spectrum Brands at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Spectrum Brands in the third quarter valued at $31,000. International Assets Investment Management LLC increased its stake in Spectrum Brands by 9,420.0% during the third quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock valued at $45,000 after purchasing an additional 471 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Spectrum Brands by 92.2% during the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock valued at $52,000 after purchasing an additional 261 shares during the last quarter. Quantbot Technologies LP bought a new stake in Spectrum Brands during the third quarter valued at $62,000. Finally, Quarry LP increased its stake in Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company's stock valued at $93,000 after purchasing an additional 404 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and boosted their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, UBS Group lowered their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Spectrum Brands currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.43.
Check Out Our Latest Stock Report on SPB
Spectrum Brands Stock Performance
Shares of Spectrum Brands stock traded up $0.75 during trading on Friday, hitting $75.18. 278,169 shares of the stock were exchanged, compared to its average volume of 379,762. The stock's fifty day moving average is $81.34 and its 200 day moving average is $87.75. The stock has a market cap of $1.98 billion, a PE ratio of 18.47, 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. Spectrum Brands Holdings, Inc. has a 12 month low of $73.12 and a 12 month high of $96.74.
Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company earned $0.78 earnings per share. As a group, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.
Spectrum Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands's payout ratio is currently 46.19%.
Spectrum Brands Profile
(
Free Report)
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.
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