Algert Global LLC decreased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,021 shares of the company's stock after selling 65,029 shares during the quarter. Algert Global LLC owned approximately 0.31% of Spectrum Brands worth $7,268,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of SPB. Anchor Capital Advisors LLC grew its holdings in Spectrum Brands by 1.2% during the 4th quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock worth $1,318,000 after acquiring an additional 184 shares during the last quarter. Fox Run Management L.L.C. raised its position in Spectrum Brands by 5.3% in the 4th quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock worth $308,000 after purchasing an additional 185 shares during the last quarter. Legato Capital Management LLC lifted its holdings in Spectrum Brands by 2.2% during the 4th quarter. Legato Capital Management LLC now owns 9,299 shares of the company's stock worth $786,000 after buying an additional 198 shares in the last quarter. Blue Trust Inc. boosted its position in 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 during the last quarter. Finally, West Oak Capital LLC increased its stake in shares of Spectrum Brands by 1.4% in the 4th quarter. West Oak Capital LLC now owns 27,359 shares of the company's stock valued at $2,312,000 after buying an additional 375 shares during the period.
Analyst Ratings Changes
Several equities analysts recently issued reports on SPB shares. Wells Fargo & Company decreased their price target on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada reduced their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and upped their target price for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, UBS Group raised their price target on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Spectrum Brands presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.71.
Check Out Our Latest Research Report on SPB
Spectrum Brands Trading Down 3.5 %
Shares of NYSE SPB traded down $2.27 during midday trading on Friday, reaching $61.83. 663,349 shares of the stock were exchanged, compared to its average volume of 416,345. Spectrum Brands Holdings, Inc. has a 12 month low of $56.50 and a 12 month high of $96.62. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.70 and a beta of 1.00. 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 business has a 50-day simple moving average of $66.03 and a two-hundred day simple moving average of $79.15.
Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.67). The business had revenue of $675.70 million during the quarter, compared to the consensus estimate of $701.00 million. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The firm's revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. As a group, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.
Spectrum Brands Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.88 annualized dividend and a yield of 3.04%. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.
Spectrum Brands Company Profile
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Free Report)
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.
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