Russell Investments Group Ltd. Sells 8,691 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Russell Investments Group Ltd. cut its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,109 shares of the company's stock after selling 8,691 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Spectrum Brands worth $4,572,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Spectrum Brands by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after acquiring an additional 7,198 shares in the last quarter. Empowered Funds LLC bought a new position in Spectrum Brands in the fourth quarter valued at $387,000. Everence Capital Management Inc. acquired a new stake in Spectrum Brands in the 4th quarter valued at $553,000. SG Americas Securities LLC boosted its stake 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 worth $1,141,000 after buying an additional 11,166 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at about $16,606,000.

Spectrum Brands Stock Performance

Shares of Spectrum Brands stock traded up $0.56 during trading on Friday, reaching $59.71. The company's stock had a trading volume of 398,590 shares, compared to its average volume of 405,213. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The business's 50-day moving average price is $70.98 and its 200-day moving average price is $82.40. Spectrum Brands Holdings, Inc. has a 52 week low of $57.93 and a 52 week high of $96.74. The firm has a market cap of $1.57 billion, a PE ratio of 14.67, a P/E/G ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's payout ratio is currently 46.19%.

Wall Street Analysts Forecast Growth

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

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.