Dynamic Technology Lab Private Ltd bought a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,793 shares of the company’s stock, valued at approximately $1,038,000.
A number of other hedge funds have also recently modified their holdings of SPB. Bank of Montreal Can raised its stake in Spectrum Brands by 152.2% in the 2nd quarter. Bank of Montreal Can now owns 29,438 shares of the company’s stock worth $3,681,000 after acquiring an additional 17,764 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Spectrum Brands by 518.9% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 4,283 shares of the company’s stock worth $536,000 after purchasing an additional 3,591 shares during the period. Aperio Group LLC grew its position in Spectrum Brands by 4.2% during the 2nd quarter. Aperio Group LLC now owns 2,887 shares of the company’s stock worth $361,000 after purchasing an additional 116 shares during the period. APG Asset Management N.V. grew its position in Spectrum Brands by 20.3% during the 2nd quarter. APG Asset Management N.V. now owns 62,200 shares of the company’s stock worth $7,777,000 after purchasing an additional 10,500 shares during the period. Finally, Tributary Capital Management LLC grew its position in Spectrum Brands by 12.4% during the 2nd quarter. Tributary Capital Management LLC now owns 16,300 shares of the company’s stock worth $2,038,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 48.26% of the company’s stock.
Spectrum Brands Holdings, Inc. (SPB) traded up $1.11 on Thursday, reaching $115.70. 547,429 shares of the company’s stock were exchanged, compared to its average volume of 437,692. The stock has a market cap of $6,625.85, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.83 and a beta of 0.76. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75. Spectrum Brands Holdings, Inc. has a twelve month low of $98.11 and a twelve month high of $146.09.
Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 EPS. sell-side analysts forecast that Spectrum Brands Holdings, Inc. will post 6.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, November 27th. Spectrum Brands’s payout ratio is presently 33.33%.
A number of research firms have recently commented on SPB. Jefferies Group restated a “buy” rating and set a $142.00 target price on shares of Spectrum Brands in a research report on Thursday, November 16th. BMO Capital Markets set a $132.00 target price on Spectrum Brands and gave the company a “buy” rating in a research report on Friday, November 17th. Oppenheimer restated a “buy” rating and set a $167.00 target price on shares of Spectrum Brands in a research report on Monday, November 20th. KeyCorp set a $130.00 price objective on Spectrum Brands and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $125.00 price objective (down from $147.00) on shares of Spectrum Brands in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $137.25.
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Spectrum Brands Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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