Charles Schwab Investment Management Inc. Buys 7,198 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Charles Schwab Investment Management Inc. boosted its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 450,807 shares of the company's stock after acquiring an additional 7,198 shares during the period. Charles Schwab Investment Management Inc. owned 1.65% of Spectrum Brands worth $38,089,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Harvey Partners LLC bought a new stake in shares of Spectrum Brands during the 3rd quarter valued at $19,837,000. Verition Fund Management LLC boosted its holdings in shares of Spectrum Brands by 295.5% during the 3rd quarter. Verition Fund Management LLC now owns 182,761 shares of the company's stock valued at $17,388,000 after buying an additional 136,556 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Spectrum Brands by 10.4% during the 3rd quarter. Pzena Investment Management LLC now owns 1,310,861 shares of the company's stock valued at $124,715,000 after buying an additional 123,733 shares in the last quarter. Cinctive Capital Management LP bought a new stake in shares of Spectrum Brands during the 3rd quarter valued at $7,380,000. Finally, National Bank of Canada FI boosted its stake in Spectrum Brands by 10,046.3% in the 3rd quarter. National Bank of Canada FI now owns 44,441 shares of the company's stock worth $4,228,000 after purchasing an additional 44,003 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SPB shares. Royal Bank of Canada dropped their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company dropped 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 research note on Tuesday, January 7th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and upped their price target for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, UBS Group dropped their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.43.

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Spectrum Brands Stock Performance

Shares of NYSE SPB traded down $0.87 during midday trading on Tuesday, hitting $71.66. 12,367 shares of the company's stock traded hands, compared to its average volume of 376,041. Spectrum Brands Holdings, Inc. has a 1 year low of $69.85 and a 1 year high of $96.74. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The firm has a fifty day moving average of $79.93 and a 200 day moving average of $86.89.

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

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.62%. Spectrum Brands's dividend payout ratio (DPR) is presently 46.19%.

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.