985 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale bought a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 985 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Spectrum Brands by 2.2% in the third quarter. Vanguard Group Inc. now owns 4,104,370 shares of the company’s stock worth $160,192,000 after acquiring an additional 87,333 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Spectrum Brands by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,207,061 shares of the company’s stock worth $172,923,000 after acquiring an additional 37,810 shares in the last quarter. BlackRock Inc. increased its position in shares of Spectrum Brands by 2.5% in the first quarter. BlackRock Inc. now owns 1,805,193 shares of the company’s stock worth $119,540,000 after acquiring an additional 43,252 shares in the last quarter. Invesco Ltd. increased its position in shares of Spectrum Brands by 194.0% in the first quarter. Invesco Ltd. now owns 1,514,530 shares of the company’s stock worth $134,369,000 after acquiring an additional 999,459 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Spectrum Brands by 48.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,206,827 shares of the company’s stock worth $79,913,000 after acquiring an additional 396,155 shares in the last quarter.

Spectrum Brands Price Performance

NYSE SPB opened at $79.08 on Thursday. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.39 billion, a PE ratio of 1.72, a price-to-earnings-growth ratio of 0.54 and a beta of 1.20. The company has a 50 day moving average price of $83.58 and a two-hundred day moving average price of $78.85. Spectrum Brands Holdings, Inc. has a 12-month low of $63.64 and a 12-month high of $89.64.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.47. The firm had revenue of $692.20 million during the quarter, compared to analysts’ expectations of $674.20 million. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) earnings per share. As a group, equities analysts predict that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, February 16th. Spectrum Brands’s dividend payout ratio (DPR) is presently 3.65%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SPB shares. Monness Crespi & Hardt lifted their target price on shares of Spectrum Brands from $87.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. StockNews.com raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $86.00 price objective (up from $83.00) on shares of Spectrum Brands in a research report on Friday, February 9th. Canaccord Genuity Group downgraded shares of Spectrum Brands from a “buy” rating to a “hold” rating and boosted their price objective for the company from $83.00 to $86.00 in a research report on Friday, February 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Spectrum Brands from $89.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Spectrum Brands presently has a consensus rating of “Hold” and an average price target of $89.17.

Spectrum Brands Company 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.