ExodusPoint Capital Management LP Purchases 61,984 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

ExodusPoint Capital Management LP grew its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 233.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,539 shares of the company's stock after buying an additional 61,984 shares during the period. ExodusPoint Capital Management LP owned 0.32% of Spectrum Brands worth $7,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Spectrum Brands during the third quarter worth about $62,000. Glenmede Trust Co. NA bought a new position in Spectrum Brands in the 3rd quarter worth approximately $207,000. Centiva Capital LP purchased a new position in Spectrum Brands in the 3rd quarter valued at approximately $383,000. Point72 DIFC Ltd raised its holdings in Spectrum Brands by 2,137.5% during the 3rd quarter. Point72 DIFC Ltd now owns 6,198 shares of the company's stock valued at $590,000 after acquiring an additional 5,921 shares during the period. Finally, Quarry LP lifted its position in shares of Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company's stock worth $93,000 after acquiring an additional 404 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective 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. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $80.00 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their target price for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Finally, UBS Group lowered their target price on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.57.

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Spectrum Brands Stock Performance

NYSE:SPB traded down $2.87 during trading hours on Thursday, reaching $61.06. The company had a trading volume of 186,886 shares, compared to its average volume of 399,610. The firm's 50 day moving average price is $73.28 and its 200-day moving average price is $83.69. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.70 and a beta of 1.03. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. Spectrum Brands Holdings, Inc. has a 52 week low of $57.93 and a 52 week high of $96.74.

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 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 previous year, the firm earned $0.78 earnings per share. On average, analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.08%. Spectrum Brands's dividend payout ratio is currently 46.19%.

About Spectrum Brands

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.