Raymond James Financial Services Advisors Inc. Makes New $1.42 Million Investment in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Raymond James Financial Services Advisors Inc. acquired a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,853 shares of the company's stock, valued at approximately $1,424,000. Raymond James Financial Services Advisors Inc. owned about 0.05% of Spectrum Brands at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in Spectrum Brands in the 3rd quarter worth approximately $4,452,000. California Public Employees Retirement System increased its position 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 during the last quarter. Loomis Sayles & Co. L P increased its position 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 during the last quarter. Bank of Nova Scotia bought a new position in shares of Spectrum Brands during the 3rd quarter valued at approximately $1,118,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Spectrum Brands during the 3rd quarter valued at approximately $122,000.

Spectrum Brands Trading Down 0.8 %

SPB stock traded down $0.67 during midday trading on Friday, reaching $80.07. The company's stock had a trading volume of 295,877 shares, compared to its average volume of 349,623. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.75 and a current ratio of 3.36. The stock has a fifty day simple moving average of $83.62 and a two-hundred day simple moving average of $78.83. Spectrum Brands Holdings, Inc. has a 1 year low of $63.64 and a 1 year high of $89.64. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 1.74, a PEG ratio of 0.56 and a beta of 1.20.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.47. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. 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 prior year, the company earned ($0.32) EPS. The business's revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that Spectrum Brands Holdings, Inc. will post 3.79 EPS for the current year.

Spectrum Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, February 16th. Spectrum Brands's payout ratio is 3.65%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com raised Spectrum Brands from a "sell" rating to a "hold" rating in a research report on Saturday, December 30th. Canaccord Genuity Group downgraded Spectrum Brands from a "buy" rating to a "hold" rating and boosted their target price for the company from $83.00 to $86.00 in a research report on Friday, February 9th. Royal Bank of Canada upped their price objective on Spectrum Brands from $89.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Canaccord Genuity Group reiterated a "hold" rating and issued a $86.00 target price (up previously from $83.00) on shares of Spectrum Brands in a research note on Friday, February 9th. Finally, Monness Crespi & Hardt increased their target price on Spectrum Brands from $87.00 to $98.00 and gave the stock a "buy" rating in a research note 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. According to MarketBeat, Spectrum Brands presently has a consensus 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.