Empowered Funds LLC purchased a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,579 shares of the company's stock, valued at approximately $387,000.
Several other hedge funds have also recently added to or reduced their stakes in SPB. Waldron Private Wealth LLC purchased a new position in Spectrum Brands in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new position in Spectrum Brands during the third quarter worth approximately $31,000. International Assets Investment Management LLC boosted its stake in Spectrum Brands by 9,420.0% during the third quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock worth $45,000 after buying an additional 471 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Spectrum Brands by 92.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock valued at $52,000 after buying an additional 261 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Spectrum Brands in the 3rd quarter worth $62,000.
Analyst Ratings Changes
SPB has been the topic of several recent research reports. UBS Group lowered their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their price target for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada cut their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.43.
Read Our Latest Report on Spectrum Brands
Spectrum Brands Trading Up 0.2 %
NYSE SPB traded up $0.18 on Friday, reaching $79.30. The stock had a trading volume of 340,789 shares, compared to its average volume of 532,237. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $83.46 and a two-hundred day moving average price of $88.60. Spectrum Brands Holdings, Inc. has a 12-month low of $74.72 and a 12-month high of $96.74. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 1.70 and a beta of 1.20.
Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period last year, the business earned $0.78 earnings per share. As a group, sell-side analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.
Spectrum Brands Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is presently 46.19%.
About Spectrum Brands
(
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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