Rhumbline Advisers lowered its holdings in Spectrum Brands (NYSE:SPB) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,818 shares of the company’s stock after selling 725 shares during the quarter. Rhumbline Advisers’ holdings in Spectrum Brands were worth $2,902,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SPB. Victory Capital Management Inc. grew its stake in Spectrum Brands by 63.0% during the 3rd quarter. Victory Capital Management Inc. now owns 17,494 shares of the company’s stock worth $1,853,000 after purchasing an additional 6,760 shares in the last quarter. Sei Investments Co. lifted its holdings in Spectrum Brands by 8.2% during the 3rd quarter. Sei Investments Co. now owns 7,730 shares of the company’s stock worth $819,000 after buying an additional 583 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Spectrum Brands by 24.7% during the 3rd quarter. New York State Common Retirement Fund now owns 69,458 shares of the company’s stock worth $7,357,000 after buying an additional 13,758 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Spectrum Brands by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock worth $119,000 after buying an additional 794 shares during the last quarter. Finally, Commerce Bank lifted its holdings in Spectrum Brands by 32.4% during the 3rd quarter. Commerce Bank now owns 3,045 shares of the company’s stock worth $323,000 after buying an additional 745 shares during the last quarter. Institutional investors own 48.28% of the company’s stock.
NYSE:SPB traded down $1.44 during trading hours on Friday, reaching $97.86. 445,445 shares of the company traded hands, compared to its average volume of 563,466. The stock has a market cap of $5,664.14, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.54 and a beta of 0.78. The company has a debt-to-equity ratio of 2.01, a quick ratio of 2.19 and a current ratio of 2.70. Spectrum Brands has a 1-year low of $89.36 and a 1-year high of $146.09.
Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $646.50 million for the quarter, compared to analyst estimates of $1.26 billion. Spectrum Brands had a return on equity of 14.51% and a net margin of 8.80%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 EPS. equities research analysts predict that Spectrum Brands will post 4.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Friday, February 16th. Spectrum Brands’s dividend payout ratio (DPR) is currently 30.77%.
A number of analysts have issued reports on the company. KeyCorp set a $140.00 price target on Spectrum Brands and gave the stock a “buy” rating in a report on Tuesday, January 16th. Wells Fargo reissued a “buy” rating on shares of Spectrum Brands in a report on Tuesday, January 16th. Zacks Investment Research raised Spectrum Brands from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Jefferies Group reaffirmed a “buy” rating and set a $145.00 price objective on shares of Spectrum Brands in a research note on Tuesday, January 9th. Finally, UBS upped their price objective on Spectrum Brands from $124.00 to $140.00 in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $140.60.
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About Spectrum Brands
Spectrum Brands Holdings, Inc manufactures, markets, and distributes branded consumer products. Its Global Batteries & Appliances segment offers consumer batteries; personal care products, including electric shaving and grooming products, and hair care appliances and accessories; and small appliances, such as small kitchen and home appliances.
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