New York State Common Retirement Fund Increases Investment in Spectrum Brands Holdings,
April 21, 2023
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On April 19, 2023, it was reported that the New York State Common Retirement Fund had increased its investment in Spectrum Brands ($NYSE:SPB) Holdings, Inc. shares. This is a major boost for the company, which is one of the leading manufacturers and marketers of consumer durables and home appliances in the United States and Canada. As part of its growth strategy, Spectrum Brands has been pursuing acquisitions and expanding its product offerings to expand its reach and presence in markets around the world.
Share Price
On Thursday, the New York State Common Retirement Fund (NYSCRF) announced that it had increased its investment in Spectrum Brands Holdings, Inc. This news gave a boost to the company’s stock, which opened at $67.9 and closed at $68.7, representing a 0.4% increase from its previous closing price of $68.4. The additional investment from NYSCRF is expected to further strengthen Spectrum Brands’ position in the industry, and likely will result in additional capital investment in the company’s future growth initiatives. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spectrum Brands. More…
| Total Revenues | Net Income | Net Margin |
| 3.09k | 42.5 | -3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spectrum Brands. More…
| Operations | Investing | Financing |
| 153.1 | -354.4 | 234.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spectrum Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.77k | 4.53k | 30.07 |
Key Ratios Snapshot
Some of the financial key ratios for Spectrum Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -6.6% | -14.7% | 0.5% |
| FCF Margin | ROE | ROA |
| 3.0% | 0.7% | 0.2% |
Analysis
GoodWhale conducted an analysis of SPECTRUM BRANDS‘s fundamentals and our Star Chart shows that the company is strong in assets, medium in profitability and weak in dividend, growth. Its intermediate health score of 5/10 considering its cashflows and debt, suggests that it is likely to pay off debt and fund future operations. Based on these findings, we have classified SPECTRUM BRANDS as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. These fundamentals make the company attractive to investors who are looking to invest in a stable asset-backed entity. The stability provided by the assets offsets the weaker performance of the dividend and growth potential, making it a good fit for investors who prioritize asset-backed investments. More…
Peers
Despite the intense competition, Spectrum Brands Holdings Inc has been able to remain a top player in the industry by focusing on innovation, customer service, and providing high-quality products at competitive prices.
– Godrej Consumer Products Ltd ($BSE:532424)
Godrej Consumer Products Ltd is a leading Indian fast-moving consumer goods company, headquartered in Mumbai. It manufactures and markets a wide range of products across food, personal care, and home care segments. The company has a market cap of 937.97B as of 2023, which is indicative of its strong performance in the market. Its Return on Equity (ROE), which is an indicator of how effectively the company uses its shareholders’ equity to generate profits, is 10.44%. This high ROE reflects the company’s ability to generate profits for its shareholders.
– Ontex Group NV ($OTCPK:ONXYY)
Ontex Group NV is a leading global hygiene company with over 20 years of experience in the hygiene and personal care market. It is headquartered in Belgium and serves markets in Europe, Africa, Latin America, the Middle East, and Asia Pacific. The company’s market cap as of 2023 stands at 593.34M, indicating a strong financial standing in the market. Its Return on Equity (ROE) is -7.25%, which is a measure of how efficient the company utilizes its assets to generate profits. Ontex Group NV is engaged in the production, distribution and marketing of products such as baby diapers, adult incontinence products, feminine care products, and wet wipes.
– Henkel AG & Co KGaA ($OTCPK:HENOY)
Henkel AG & Co KGaA is a multinational consumer goods company based in Düsseldorf, Germany. It specializes in the production of laundry detergents, beauty care products, and adhesives, among other products. As of 2023, the company’s market capitalization was 28.76 billion euros. This figure reflects the company’s success in increasing shareholder value over the past year. Henkel’s return on equity (ROE) was 4.84%, which indicates that the company is efficiently utilizing its assets to generate a return. Henkel’s strong financial performance is testament to its business model and commitment to innovation.
Summary
Spectrum Brands Holdings, Inc., a global consumer products company with well-known brands in pet supplies, home and garden, personal care, and specialty products, has seen an increase in investment from the New York State Common Retirement Fund. This investment is an indication of confidence in the future of the company. Analysts predict that this surge in capital will lead to strategic growth and position Spectrum as a leader in its field.
This move could also result in increased value for shareholders and potential future earnings. With this increased investment, Spectrum Brands is poised to become a major player in the consumer products industry.
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