ArrowMark Colorado Holdings LLC Lowers Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

ArrowMark Colorado Holdings LLC lowered its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 98.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,492 shares of the company's stock after selling 157,884 shares during the quarter. ArrowMark Colorado Holdings LLC's holdings in Spectrum Brands were worth $237,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in shares of Spectrum Brands by 66.0% during the 1st quarter. Tidal Investments LLC now owns 13,778 shares of the company's stock worth $1,226,000 after acquiring an additional 5,480 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Spectrum Brands by 1,923.8% in the 2nd quarter. Versant Capital Management Inc now owns 425 shares of the company's stock valued at $37,000 after acquiring an additional 404 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Spectrum Brands in the 2nd quarter valued at $6,874,000. TCW Group Inc. grew its stake in Spectrum Brands by 25.2% during the 2nd quarter. TCW Group Inc. now owns 126,861 shares of the company's stock worth $10,901,000 after buying an additional 25,551 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Spectrum Brands by 94.8% during the 2nd quarter. Fifth Third Bancorp now owns 1,734 shares of the company's stock worth $149,000 after buying an additional 844 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Canaccord Genuity Group boosted their target price on Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a research note on Monday, November 18th. UBS Group lifted their price target on Spectrum Brands from $111.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Wells Fargo & Company lifted their price target on Spectrum Brands from $87.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $102.38.

Spectrum Brands Price Performance

Shares of SPB stock traded up $0.94 during trading hours on Tuesday, reaching $93.97. The company had a trading volume of 166,198 shares, compared to its average volume of 384,115. Spectrum Brands Holdings, Inc. has a 12-month low of $70.31 and a 12-month high of $96.74. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.60 and a beta of 1.19. The stock has a fifty day moving average of $91.36 and a 200-day moving average of $89.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business had revenue of $773.70 million during the quarter, compared to analyst estimates of $747.80 million. During the same quarter in the prior year, the company posted $1.36 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.25 earnings per share for the current 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 paid a $0.47 dividend. 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 2.00%. The ex-dividend date of this dividend is Tuesday, November 26th. Spectrum Brands's dividend payout ratio (DPR) is presently 46.08%.

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.