Teachers Retirement System of The State of Kentucky Acquires 1,865 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Teachers Retirement System of The State of Kentucky lifted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPBGet Rating) by 10.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 18,992 shares of the company’s stock after buying an additional 1,865 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Spectrum Brands were worth $1,685,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Captrust Financial Advisors lifted its stake in shares of Spectrum Brands by 31.7% in the 1st quarter. Captrust Financial Advisors now owns 503 shares of the company’s stock worth $45,000 after purchasing an additional 121 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Spectrum Brands by 6.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 3,145 shares of the company’s stock worth $279,000 after purchasing an additional 186 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of Spectrum Brands by 17.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,710 shares of the company’s stock worth $175,000 after purchasing an additional 259 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Spectrum Brands by 3.5% in the 1st quarter. Teacher Retirement System of Texas now owns 8,170 shares of the company’s stock worth $725,000 after purchasing an additional 275 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Spectrum Brands by 2.0% in the 1st quarter. Gabelli Funds LLC now owns 15,350 shares of the company’s stock worth $1,362,000 after purchasing an additional 300 shares during the period.

Spectrum Brands Trading Down 0.6 %

Shares of SPB opened at $45.67 on Thursday. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.66 and a quick ratio of 2.02. Spectrum Brands Holdings, Inc. has a 1 year low of $45.64 and a 1 year high of $107.22. The company has a 50 day simple moving average of $65.12 and a two-hundred day simple moving average of $78.71. The firm has a market cap of $1.86 billion, a P/E ratio of 17.91 and a beta of 1.30.

Spectrum Brands (NYSE:SPBGet Rating) last announced its quarterly earnings data on Friday, August 12th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.88). Spectrum Brands had a net margin of 3.41% and a return on equity of 3.85%. The company had revenue of $818.00 million for the quarter, compared to analysts’ expectations of $917.88 million. During the same period last year, the business earned $1.57 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts expect that Spectrum Brands Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Tuesday, August 30th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, August 29th. Spectrum Brands’s dividend payout ratio is 65.88%.

Analyst Ratings Changes

SPB has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Spectrum Brands from $90.00 to $68.00 and set a “buy” rating for the company in a report on Friday, September 16th. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $95.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, September 16th. UBS Group reduced their target price on shares of Spectrum Brands from $109.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 15th. Oppenheimer reduced their target price on shares of Spectrum Brands from $125.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, July 18th. Finally, Royal Bank of Canada reduced their target price on shares of Spectrum Brands from $120.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Spectrum Brands Company Profile

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Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. 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, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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