Janney Montgomery Scott LLC purchased a new position in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,218 shares of the company's stock, valued at approximately $807,000. Janney Montgomery Scott LLC owned approximately 0.06% of Spectrum Brands as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Spectrum Brands by 120.3% in the second quarter. GAMMA Investing LLC now owns 489 shares of the company's stock worth $26,000 after acquiring an additional 267 shares during the last quarter. New York State Teachers Retirement System bought a new position in Spectrum Brands in the first quarter worth about $118,000. Quarry LP bought a new position in Spectrum Brands in the first quarter worth about $157,000. Amundi bought a new position in Spectrum Brands in the first quarter worth about $176,000. Finally, Focus Partners Wealth bought a new position in Spectrum Brands in the first quarter worth about $204,000.
Spectrum Brands Price Performance
Shares of NYSE:SPB opened at $51.59 on Thursday. Spectrum Brands Holdings Inc. has a 12 month low of $49.99 and a 12 month high of $96.62. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 19.25 and a beta of 0.81. The stock's 50 day moving average price is $54.44 and its 200 day moving average price is $57.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.42 and a quick ratio of 1.50.
Spectrum Brands (NYSE:SPB - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.01). Spectrum Brands had a return on equity of 5.27% and a net margin of 2.56%.The firm had revenue of $699.60 million for the quarter, compared to the consensus estimate of $742.13 million. During the same period in the previous year, the firm earned $1.13 EPS. Spectrum Brands's revenue for the quarter was down 10.2% on a year-over-year basis. Equities research analysts anticipate that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current fiscal year.
Spectrum Brands Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, August 26th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.88 annualized dividend and a yield of 3.6%. Spectrum Brands's payout ratio is presently 70.15%.
Wall Street Analyst Weigh In
SPB has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Spectrum Brands from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Canaccord Genuity Group cut their target price on shares of Spectrum Brands from $77.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Wall Street Zen raised shares of Spectrum Brands from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada set a $75.00 target price on shares of Spectrum Brands and gave the stock an "outperform" rating in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Spectrum Brands in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.80.
View Our Latest Research Report on Spectrum Brands
About Spectrum Brands
(
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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