Charles Schwab Investment Management Inc. Has $38.09 Million Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Charles Schwab Investment Management Inc. lifted its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 1.65% of Spectrum Brands worth $38,089,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. raised its position in shares of Spectrum Brands by 15.9% in the 3rd quarter. Citigroup Inc. now owns 41,048 shares of the company's stock valued at $3,905,000 after acquiring an additional 5,641 shares during the period. Empowered Funds LLC acquired a new stake in shares of Spectrum Brands in the 4th quarter valued at approximately $387,000. Everence Capital Management Inc. acquired a new stake in shares of Spectrum Brands in the 4th quarter valued at approximately $553,000. SG Americas Securities LLC raised its position in shares of Spectrum Brands by 478.4% in the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock valued at $1,141,000 after acquiring an additional 11,166 shares during the period. Finally, Ieq Capital LLC acquired a new stake in shares of Spectrum Brands in the 4th quarter valued at approximately $562,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPB shares. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and raised their price target for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Wells Fargo & Company cut their price objective on Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada cut their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, UBS Group cut their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $103.43.

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Spectrum Brands Stock Performance

Spectrum Brands stock traded down $1.84 during mid-day trading on Tuesday, hitting $70.69. 243,293 shares of the company's stock traded hands, compared to its average volume of 376,532. The firm has a 50 day simple moving average of $79.66 and a two-hundred day simple moving average of $86.72. Spectrum Brands Holdings, Inc. has a fifty-two week low of $69.85 and a fifty-two week high of $96.74. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53.

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

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.66%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio is 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.