Oxford Asset Management LLP Invests $773,000 in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Oxford Asset Management LLP acquired a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,151 shares of the company's stock, valued at approximately $773,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPB. Wealthfront Advisers LLC acquired a new stake in shares of Spectrum Brands during the 4th quarter valued at approximately $16,606,000. Trexquant Investment LP lifted its position in shares of Spectrum Brands by 2,541.2% during the 4th quarter. Trexquant Investment LP now owns 148,698 shares of the company's stock valued at $12,563,000 after acquiring an additional 143,068 shares during the period. Callodine Capital Management LP lifted its position in shares of Spectrum Brands by 29.8% during the 4th quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock valued at $44,568,000 after acquiring an additional 121,000 shares during the period. First Trust Advisors LP lifted its position in shares of Spectrum Brands by 261.9% during the 4th quarter. First Trust Advisors LP now owns 163,143 shares of the company's stock valued at $13,784,000 after acquiring an additional 118,060 shares during the period. Finally, Norges Bank acquired a new stake in shares of Spectrum Brands during the 4th quarter valued at approximately $7,062,000.

Wall Street Analyst Weigh In

SPB has been the subject of a number of research reports. Royal Bank of Canada reduced their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and upped their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, UBS Group dropped their price target on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.43.

Spectrum Brands Price Performance

SPB stock traded down $0.12 during trading on Tuesday, hitting $62.62. The stock had a trading volume of 504,823 shares, compared to its average volume of 411,681. The company's 50 day moving average price is $68.64 and its two-hundred day moving average price is $80.82. Spectrum Brands Holdings, Inc. has a 1-year low of $57.66 and a 1-year high of $96.74. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share 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 in the prior year, the business posted $0.78 earnings per share. On average, sell-side analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.00%. Spectrum Brands's payout ratio 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.