Capstone Investment Advisors LLC Purchases New Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Capstone Investment Advisors LLC purchased a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPBFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,834 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors also recently bought and sold shares of the stock. Larson Financial Group LLC grew its holdings in Spectrum Brands by 72.6% in the fourth quarter. Larson Financial Group LLC now owns 359 shares of the company’s stock valued at $29,000 after purchasing an additional 151 shares during the period. International Assets Investment Management LLC grew its holdings in Spectrum Brands by 1,713.6% in the fourth quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock valued at $32,000 after purchasing an additional 377 shares during the period. Fifth Third Bancorp acquired a new stake in Spectrum Brands in the fourth quarter valued at approximately $71,000. DekaBank Deutsche Girozentrale acquired a new stake in Spectrum Brands in the fourth quarter valued at approximately $79,000. Finally, USA Financial Formulas acquired a new stake in Spectrum Brands in the third quarter valued at approximately $101,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPB. Monness Crespi & Hardt lifted their target price on Spectrum Brands from $98.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Oppenheimer lifted their target price on Spectrum Brands from $88.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Canaccord Genuity Group lifted their target price on Spectrum Brands from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Canaccord Genuity Group downgraded 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 report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Spectrum Brands from $85.00 to $91.00 and gave the company a “hold” rating in a report on Friday, May 10th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $99.86.

Read Our Latest Report on Spectrum Brands

Spectrum Brands Stock Down 1.6 %

SPB opened at $88.33 on Tuesday. The business has a 50 day moving average price of $86.44 and a two-hundred day moving average price of $81.50. The company has a quick ratio of 3.05, a current ratio of 3.73 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.57 billion, a PE ratio of 1.79, a P/E/G ratio of 0.39 and a beta of 1.18. Spectrum Brands Holdings, Inc. has a 52 week low of $65.27 and a 52 week high of $96.74.

Spectrum Brands (NYSE:SPBGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $0.49 by $1.13. The firm had revenue of $718.50 million during the quarter, compared to the consensus estimate of $708.54 million. Spectrum Brands had a return on equity of 6.43% and a net margin of 68.11%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) EPS. As a group, research analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.68 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, May 24th. Spectrum Brands’s dividend payout ratio (DPR) is 3.40%.

Spectrum Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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