Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Bought by Point72 DIFC Ltd

Point72 DIFC Ltd raised its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 2,137.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,198 shares of the company's stock after buying an additional 5,921 shares during the period. Point72 DIFC Ltd's holdings in Spectrum Brands were worth $590,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Waldron Private Wealth LLC purchased a new stake in shares of Spectrum Brands during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of Spectrum Brands in the third quarter valued at approximately $31,000. International Assets Investment Management LLC increased its holdings in shares of Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock valued at $45,000 after purchasing an additional 471 shares in the last quarter. Quarry LP increased its holdings in Spectrum Brands by 375.0% in the second quarter. Quarry LP now owns 570 shares of the company's stock valued at $49,000 after buying an additional 450 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Spectrum Brands during the second quarter worth $50,000.

Spectrum Brands Stock Performance

NYSE:SPB traded down $0.39 during midday trading on Friday, reaching $94.88. 331,567 shares of the company traded hands, compared to its average volume of 385,363. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19. Spectrum Brands Holdings, Inc. has a twelve month low of $71.52 and a twelve month high of $96.74. The company has a fifty day moving average price of $91.54 and a 200 day moving average price of $89.71.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.16). The business had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. On average, analysts expect that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Spectrum Brands's previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a dividend yield of 1.98%. Spectrum Brands's dividend payout ratio (DPR) is 46.08%.

Wall Street Analysts Forecast Growth

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

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.