Lecap Asset Management Ltd. Makes New $829,000 Investment in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Lecap Asset Management Ltd. bought a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 9,814 shares of the company's stock, valued at approximately $829,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPB. Waldron Private Wealth LLC purchased a new stake in Spectrum Brands during the third quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of Spectrum Brands in the third quarter valued at approximately $31,000. International Assets Investment Management LLC lifted its stake in shares of Spectrum Brands by 9,420.0% during the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock valued at $45,000 after buying an additional 471 shares in the last quarter. Farther Finance Advisors LLC boosted 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 worth $52,000 after buying an additional 261 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Spectrum Brands in the 3rd quarter valued at approximately $62,000.

Analyst Ratings Changes

SPB has been the topic of several recent research reports. Royal Bank of Canada dropped their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday. UBS Group dropped their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and lifted their target price for the company from $94.00 to $102.00 in a report on Friday. Finally, Wells Fargo & Company lowered 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 report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Spectrum Brands has a consensus rating of "Moderate Buy" and an average target price of $103.43.

Spectrum Brands Price Performance

NYSE SPB traded up $0.45 during trading on Tuesday, reaching $76.54. The company's stock had a trading volume of 552,580 shares, compared to its average volume of 475,599. The firm has a fifty day moving average of $85.96 and a 200 day moving average of $89.03. Spectrum Brands Holdings, Inc. has a one year low of $74.72 and a one year high of $96.74. The stock has a market capitalization of $2.09 billion, a PE ratio of 18.80, a P/E/G ratio of 1.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.34%. During the same period in the previous year, the business earned $0.78 EPS. Analysts expect that Spectrum Brands Holdings, Inc. will post 5.17 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

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.