Landscape Capital Management L.L.C. Takes $1 Million Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Landscape Capital Management L.L.C. bought a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,524 shares of the company's stock, valued at approximately $1,001,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPB. Armistice Capital LLC raised its position in Spectrum Brands by 129.4% in the 2nd quarter. Armistice Capital LLC now owns 439,377 shares of the company's stock valued at $37,756,000 after buying an additional 247,809 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Spectrum Brands by 10.4% during the 3rd quarter. Pzena Investment Management LLC now owns 1,310,861 shares of the company's stock worth $124,715,000 after purchasing an additional 123,733 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Spectrum Brands by 217.7% during the 1st quarter. Gabelli Funds LLC now owns 165,594 shares of the company's stock worth $14,740,000 after purchasing an additional 113,470 shares during the last quarter. Bank of Montreal Can increased its position in shares of Spectrum Brands by 2,542.3% during the 2nd quarter. Bank of Montreal Can now owns 117,795 shares of the company's stock worth $10,862,000 after purchasing an additional 113,337 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Spectrum Brands during the 2nd quarter worth approximately $9,670,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SPB shares. Canaccord Genuity Group boosted their price target on Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a report on Friday, August 9th. UBS Group boosted their target price on Spectrum Brands from $111.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Finally, Wells Fargo & Company boosted their target price on Spectrum Brands from $87.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $102.38.

Spectrum Brands Price Performance

SPB traded up $0.19 on Friday, reaching $90.45. The stock had a trading volume of 337,573 shares, compared to its average volume of 350,654. Spectrum Brands Holdings, Inc. has a fifty-two week low of $65.50 and a fifty-two week high of $96.74. The firm has a 50-day moving average of $91.45 and a 200-day moving average of $89.66. The company has a current ratio of 2.30, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.16). Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The firm had revenue of $773.70 million during the quarter, compared to analyst estimates of $747.80 million. During the same period in the previous year, the company earned $1.36 EPS. Spectrum Brands's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a $0.47 dividend. This is a boost from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. Spectrum Brands's dividend payout ratio is presently 41.18%.

Spectrum Brands Company 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.