LSV Asset Management Sells 70,150 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

LSV Asset Management lessened its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 645,030 shares of the company's stock after selling 70,150 shares during the period. LSV Asset Management owned about 2.36% of Spectrum Brands worth $54,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Spectrum Brands by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after purchasing an additional 7,198 shares in the last quarter. Empowered Funds LLC purchased a new position in Spectrum Brands in the fourth quarter worth about $387,000. Everence Capital Management Inc. bought a new stake in shares of Spectrum Brands in the fourth quarter worth approximately $553,000. SG Americas Securities LLC increased its position in shares of Spectrum Brands by 478.4% during the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock valued at $1,141,000 after purchasing an additional 11,166 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Spectrum Brands in the fourth quarter worth $16,606,000.

Spectrum Brands Trading Down 1.5 %

Shares of NYSE SPB traded down $0.93 during mid-day trading on Tuesday, hitting $60.41. 409,034 shares of the company traded hands, compared to its average volume of 402,885. The business has a 50 day moving average of $72.01 and a two-hundred day moving average of $82.97. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.70 and a beta of 1.03. Spectrum Brands Holdings, Inc. has a 1 year low of $57.93 and a 1 year high of $96.74. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

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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 (EPS) 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 6.44%. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio is 46.19%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SPB shares. UBS Group lowered their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Spectrum Brands from $80.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada cut their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and raised their price objective for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $101.57.

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.