Spectrum Brands Holdings, Inc. (SPB) Stake Raised by Commerce Bank
Commerce Bank lifted its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 32.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,045 shares of the company’s stock after acquiring an additional 745 shares during the quarter. Commerce Bank’s holdings in Spectrum Brands Holdings were worth $323,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of SPB. Daiwa Securities Group Inc. boosted its stake in shares of Spectrum Brands Holdings by 33.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after acquiring an additional 200 shares in the last quarter. Pacad Investment Ltd. purchased a new position in Spectrum Brands Holdings in the 2nd quarter valued at about $113,000. Toronto Dominion Bank lifted its stake in Spectrum Brands Holdings by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after buying an additional 794 shares in the last quarter. FNY Partners Fund LP purchased a new position in Spectrum Brands Holdings in the 2nd quarter valued at about $187,000. Finally, SG Americas Securities LLC lifted its stake in Spectrum Brands Holdings by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after buying an additional 533 shares in the last quarter. 47.13% of the stock is currently owned by institutional investors and hedge funds.
Spectrum Brands Holdings, Inc. (NYSE SPB) opened at $113.75 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.44 and a debt-to-equity ratio of 2.06. Spectrum Brands Holdings, Inc. has a 12 month low of $98.11 and a 12 month high of $146.09. The firm has a market cap of $6,482.93, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 1.80 and a beta of 0.75.
Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Spectrum Brands Holdings had a return on equity of 17.48% and a net margin of 5.91%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS. sell-side analysts predict that Spectrum Brands Holdings, Inc. will post 6.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 28th will be issued a dividend of $0.42 per share. The ex-dividend date is Monday, November 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.48%. Spectrum Brands Holdings’s dividend payout ratio is currently 33.33%.
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A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $155.00 price target on shares of Spectrum Brands Holdings in a research note on Wednesday, November 15th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands Holdings in a research note on Wednesday, August 30th. Zacks Investment Research raised shares of Spectrum Brands Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Spectrum Brands Holdings currently has a consensus rating of “Buy” and an average target price of $137.25.
About Spectrum Brands Holdings
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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