PFG Investments LLC Acquires Shares of 4,644 Spectrum Brands Holdings, Inc. (NYSE:SPB)

PFG Investments LLC acquired a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,644 shares of the company’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC increased its stake in Spectrum Brands by 72.6% during the 4th quarter. Larson Financial Group LLC now owns 359 shares of the company’s stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Spectrum Brands by 1,713.6% in the fourth quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock worth $32,000 after acquiring an additional 377 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Spectrum Brands by 53.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock worth $36,000 after acquiring an additional 160 shares during the period. Fifth Third Bancorp bought a new stake in shares of Spectrum Brands in the fourth quarter worth approximately $71,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Spectrum Brands in the fourth quarter worth approximately $79,000.

Spectrum Brands Stock Performance

Shares of SPB traded down $0.46 on Tuesday, reaching $81.87. The company’s stock had a trading volume of 261,833 shares, compared to its average volume of 367,731. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.36 and a quick ratio of 2.75. The stock has a market capitalization of $2.48 billion, a P/E ratio of 1.78, a PEG ratio of 0.57 and a beta of 1.20. The stock’s 50 day simple moving average is $82.84 and its two-hundred day simple moving average is $79.18. Spectrum Brands Holdings, Inc. has a 12-month low of $64.82 and a 12-month high of $89.64.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.47. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The business had revenue of $692.20 million for the quarter, compared to the consensus estimate of $674.20 million. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Research analysts forecast that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on SPB shares. Wells Fargo & Company lifted their price target on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Canaccord Genuity Group reiterated a “hold” rating and issued a $86.00 price target (up from $83.00) on shares of Spectrum Brands in a research note on Friday, February 9th. Monness Crespi & Hardt lifted their price target on shares of Spectrum Brands from $87.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Canaccord Genuity Group downgraded shares of Spectrum Brands from a “buy” rating to a “hold” rating and raised their price objective for the stock from $83.00 to $86.00 in a report on Friday, February 9th. Finally, Royal Bank of Canada raised their price objective on shares of Spectrum Brands from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.