4,644 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Acquired by PFG Investments LLC

PFG Investments LLC purchased a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) in the first quarter, Holdings Channel reports. The fund purchased 4,644 shares of the company’s stock, valued at approximately $413,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. purchased a new position in Spectrum Brands during the 4th quarter worth approximately $1,424,000. Qube Research & Technologies Ltd purchased a new position in Spectrum Brands during the 3rd quarter worth approximately $4,452,000. Fifth Third Bancorp purchased a new position in Spectrum Brands during the 4th quarter worth approximately $71,000. California Public Employees Retirement System increased its holdings in shares of Spectrum Brands by 32.5% during the 3rd quarter. California Public Employees Retirement System now owns 72,330 shares of the company’s stock valued at $5,667,000 after purchasing an additional 17,753 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Spectrum Brands by 5.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 152,745 shares of the company’s stock valued at $11,968,000 after purchasing an additional 8,431 shares in the last quarter.

Spectrum Brands Price Performance

Spectrum Brands stock traded down $0.46 during trading on Tuesday, reaching $81.87. The company had a trading volume of 261,833 shares, compared to its average volume of 367,731. The firm’s 50-day simple moving average is $82.84 and its 200 day simple moving average is $79.18. Spectrum Brands Holdings, Inc. has a 1-year low of $64.82 and a 1-year high of $89.64. The firm has a market capitalization of $2.48 billion, a PE ratio of 1.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.75 and a current ratio of 3.36.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.47. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The firm had revenue of $692.20 million for the quarter, compared to analysts’ expectations of $674.20 million. During the same quarter last year, the company earned ($0.32) EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.68 dividend on an annualized basis and a yield of 2.05%. Spectrum Brands’s dividend payout ratio is currently 3.65%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPB. Monness Crespi & Hardt lifted their target price on shares of Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 9th. Wells Fargo & Company lifted their target price on shares of Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Canaccord Genuity Group lowered shares of Spectrum Brands from a “buy” rating to a “hold” rating and lifted their target price for the company from $83.00 to $86.00 in a report on Friday, February 9th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $86.00 target price (up from $83.00) on shares of Spectrum Brands in a report on Friday, February 9th. Finally, Royal Bank of Canada lifted their target price on shares of Spectrum Brands from $89.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $89.17.

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.