Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,284 shares of the company’s stock after buying an additional 669 shares during the period. LPL Financial LLC’s holdings in Spectrum Brands were worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new stake in Spectrum Brands during the fourth quarter worth approximately $50,000. Blue Trust Inc. boosted its holdings in shares of Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock valued at $100,000 after buying an additional 375 shares in the last quarter. KBC Group NV grew its position in shares of Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock valued at $104,000 after buying an additional 390 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in Spectrum Brands during the 4th quarter worth $237,000. Finally, City Center Advisors LLC purchased a new stake in Spectrum Brands in the fourth quarter valued at $306,000.

Spectrum Brands Stock Performance

NYSE:SPB opened at $62.14 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The firm’s fifty day moving average price is $69.61 and its 200 day moving average price is $81.52. Spectrum Brands Holdings, Inc. has a 1-year low of $57.66 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the prior year, the business earned $0.78 EPS. On average, sell-side analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.03%. Spectrum Brands’s dividend payout ratio is currently 46.19%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPB. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Wells Fargo & Company reduced their price objective on Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. UBS Group lowered their target price on shares of Spectrum Brands from $106.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Royal Bank of Canada reduced their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.43.

About Spectrum Brands

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.