Point72 Hong Kong Ltd Takes $152,000 Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Point72 Hong Kong Ltd acquired a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,767 shares of the company’s stock, valued at approximately $152,000.

A number of other institutional investors and hedge funds have also modified their holdings of SPB. Fidelis Capital Partners LLC acquired a new stake in Spectrum Brands in the 1st quarter valued at $27,000. Central Pacific Bank Trust Division acquired a new stake in Spectrum Brands in the 1st quarter valued at $30,000. Versant Capital Management Inc boosted its stake in 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 buying an additional 404 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Spectrum Brands in the 1st quarter valued at $42,000. Finally, Headlands Technologies LLC acquired a new stake in Spectrum Brands in the 2nd quarter valued at $50,000.

Analyst Upgrades and Downgrades

SPB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Wells Fargo & Company boosted their price objective on Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Canaccord Genuity Group reduced their price objective on Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a research note on Monday, July 1st. UBS Group boosted their price objective on Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $114.00 price objective on shares of Spectrum Brands in a research note on Friday, June 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Spectrum Brands presently has a consensus rating of “Hold” and an average price target of $101.88.

Spectrum Brands Trading Up 1.9 %

Shares of SPB opened at $92.98 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.28 and a debt-to-equity ratio of 0.26. Spectrum Brands Holdings, Inc. has a 12-month low of $65.27 and a 12-month high of $96.74. The firm has a market capitalization of $2.61 billion, a PE ratio of 1.88, a price-to-earnings-growth ratio of 0.33 and a beta of 1.22. The stock’s fifty day simple moving average is $89.28 and its 200-day simple moving average is $87.43.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). The company had revenue of $779.40 million during the quarter, compared to the consensus estimate of $750.97 million. Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 EPS. As a group, research analysts predict that Spectrum Brands Holdings, Inc. will post 4.78 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, August 27th were issued a $0.42 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a yield of 1.81%. Spectrum Brands’s dividend payout ratio is presently 3.40%.

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.