Dimensional Fund Advisors LP Decreases Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Dimensional Fund Advisors LP trimmed its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,207,536 shares of the company's stock after selling 31,190 shares during the period. Dimensional Fund Advisors LP owned approximately 4.42% of Spectrum Brands worth $102,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pzena Investment Management LLC lifted its holdings in shares of Spectrum Brands by 1.7% during the fourth quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company's stock valued at $112,654,000 after purchasing an additional 22,484 shares in the last quarter. Callodine Capital Management LP lifted its stake in Spectrum Brands by 29.8% during the 4th quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock valued at $44,568,000 after acquiring an additional 121,000 shares during the period. FIL Ltd boosted its holdings in shares of Spectrum Brands by 8.7% during the 4th quarter. FIL Ltd now owns 461,568 shares of the company's stock valued at $38,998,000 after acquiring an additional 36,798 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Spectrum Brands by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after acquiring an additional 7,198 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Spectrum Brands by 7.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 223,423 shares of the company's stock valued at $18,877,000 after purchasing an additional 15,703 shares during the last quarter.

Spectrum Brands Stock Performance

NYSE:SPB opened at $62.64 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The stock has a 50-day simple moving average of $68.97 and a two-hundred day simple moving average of $81.01. The firm has a market capitalization of $1.65 billion, a PE ratio of 15.39, a P/E/G ratio of 1.70 and a beta of 1.03. Spectrum Brands Holdings, Inc. has a 52-week low of $57.66 and a 52-week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.00%. Spectrum Brands's dividend payout ratio (DPR) is presently 46.19%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SPB shares. Wells Fargo & Company dropped their target price on shares of 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 dropped their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. UBS Group reduced their price objective on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and raised their target price for the stock from $94.00 to $102.00 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.43.

Spectrum Brands Profile

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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