<div id="readability-page-1"><p>ProShare Advisors LLC bought a new position in shares of  Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) during the second quarter, according to its most recent filing with the Securities &amp; Exchange Commission. The institutional investor  bought 5,852 shares of the company's stock, valued at approximately $310,000.</p><ul><li>52-Week Lows? No Problem for 3 Stocks With Big Upside Potential</li></ul><p>Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in  Spectrum Brands by 120.3% in the 2nd quarter. GAMMA Investing LLC now owns 489 shares of the company's stock worth $26,000 after purchasing an additional 267 shares during the last quarter.  Blue Trust Inc. raised its position in shares of  Spectrum Brands by 44.8% during the second quarter. Blue Trust Inc. now owns 1,060 shares of the company's stock worth $56,000 after acquiring an additional 328 shares during the last quarter.  Nisa Investment Advisors LLC lifted its stake in shares of  Spectrum Brands by 13.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,767 shares of the company's stock valued at $94,000 after acquiring an additional 215 shares during the period.  Quarry LP bought a new position in  Spectrum Brands in the first quarter valued at about $157,000.  Finally, Amundi acquired a new stake in  Spectrum Brands in the first quarter worth about $176,000. </p><div><p><span></span><span>Get <strong>Spectrum Brands</strong> alerts:</span></p></div><h2>Spectrum Brands Stock Performance</h2><p>Shares of Spectrum Brands stock opened at $57.44 on Friday. The stock's fifty day simple moving average is $53.75 and its 200 day simple moving average is $55.68. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.34 billion, a PE ratio of 14.51 and a beta of 0.82. Spectrum Brands Holdings Inc. has a 12 month low of $49.99 and a 12 month high of $96.62. </p><ul><li>Motorola Approaches Buy Point As Analysts Boost Price Targets</li></ul><p>Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $1.84. Spectrum Brands had a return on equity of 7.29% and a net margin of 3.56%.The company had revenue of $733.50 million during the quarter, compared to the consensus estimate of $738.57 million. During the same period in the prior year, the company earned $0.97 earnings per share. The company's revenue for the quarter was down 5.2% compared to the same quarter last year.  On average, research analysts predict that  Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year. </p><h2>Spectrum Brands Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.88 dividend on an annualized basis and a yield of 3.3%. Spectrum Brands's payout ratio is presently 47.47%. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Spectrum Brands Digesting Gains From Its One-Day Gain Of 17.79% </li></ul><p>Several equities analysts recently weighed in on SPB shares. Canaccord Genuity Group increased their price objective on shares of Spectrum Brands from $75.00 to $84.00 and gave the company a &#34;buy&#34; rating in a report on Monday, November 17th. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Spectrum Brands in a research note on Wednesday. Royal Bank Of Canada  set a $75.00 price objective on Spectrum Brands and gave the stock an &#34;outperform&#34; rating in a research note on Monday, August 11th. Wall Street Zen raised Spectrum Brands from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday. Finally, Wells Fargo &amp; Company raised their target price on Spectrum Brands from $55.00 to $62.00 and gave the stock an &#34;equal weight&#34; rating in a report on Friday, November 14th. Four equities research analysts have rated the stock with a Buy rating and two have assigned  a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $77.00.</p><p><b>Read Our Latest Stock Analysis on Spectrum Brands</b></p><h2>About Spectrum Brands</h2> (Free Report)<p>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 &amp; Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Spectrum Brands</li><li>Growth Stocks: What They Are, What They Are Not</li><li>A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves</li><li>How to Read Stock Charts for Beginners</li><li>12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming</li><li>What is a support level?</li><li>Palo Alto Networks Stock Just Pulled Back—Is This a Prime Buy Zone?</li></ul><p><strong>Want to see what other hedge funds are holding SPB?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQQg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Spectrum Brands Right Now?</h2><p>Before you consider Spectrum Brands, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spectrum Brands wasn't on the list.</p><p>While Spectrum Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>ProShare Advisors LLC invested in Spectrum Brands Holdings Inc., buying 5,852 shares valued at $310,000. Other investors also increased their holdings. Spectrum Brands reported strong quarterly earnings, beating estimates with $2.61 EPS. Analysts forecast growth, with a consensus rating of "Moderate Buy" and a target price of $77.00. The company announced a quarterly dividend of $0.47 per share, yielding 3.3%. Spectrum Brands operates in consumer products across various regions.</p>

ProShare Advisors LLC Makes New Investment in Spectrum Brands Holdings Inc. $SPB