SG Americas Securities LLC Takes $222,000 Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

SG Americas Securities LLC bought a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 2,334 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPB. Principal Financial Group Inc. bought a new position in shares of Spectrum Brands during the 1st quarter valued at $230,000. BNP Paribas Financial Markets grew its holdings in shares of Spectrum Brands by 1,615.8% during the 1st quarter. BNP Paribas Financial Markets now owns 55,831 shares of the company’s stock valued at $4,970,000 after purchasing an additional 52,577 shares during the last quarter. Capstone Investment Advisors LLC grew its holdings in shares of Spectrum Brands by 369.2% during the 1st quarter. Capstone Investment Advisors LLC now owns 13,298 shares of the company’s stock valued at $1,184,000 after purchasing an additional 10,464 shares during the last quarter. Pullen Investment Management LLC bought a new position in shares of Spectrum Brands during the 1st quarter valued at $623,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Spectrum Brands during the 1st quarter valued at $27,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on SPB. Wells Fargo & Company raised their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. UBS Group raised their price target on shares of Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Canaccord Genuity Group cut their price target on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, July 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.88.

Spectrum Brands Trading Down 1.1 %

Shares of SPB opened at $89.49 on Wednesday. The firm’s 50-day moving average price is $91.84 and its 200-day moving average price is $88.24. The firm has a market capitalization of $2.51 billion, a price-to-earnings 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. Spectrum Brands Holdings, Inc. has a 1-year low of $65.27 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, August 8th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The company had revenue of $779.40 million for the quarter, compared to the consensus estimate of $750.97 million. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.78 EPS 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 given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a yield of 1.88%. Spectrum Brands’s dividend payout ratio (DPR) is currently 47.46%.

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.