Dimensional Fund Advisors LP lowered its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 340,810 shares of the company’s stock after selling 6,180 shares during the quarter. Dimensional Fund Advisors LP owned about 0.59% of Spectrum Brands worth $36,097,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in SPB. Check Capital Management Inc. CA raised its position in shares of Spectrum Brands by 173.8% in the 3rd quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock worth $80,453,000 after purchasing an additional 482,162 shares during the last quarter. Rovida Advisors Inc. purchased a new position in shares of Spectrum Brands in the 3rd quarter worth about $21,081,000. Channing Capital Management LLC purchased a new position in shares of Spectrum Brands in the 3rd quarter worth about $16,769,000. JPMorgan Chase & Co. raised its position in shares of Spectrum Brands by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,756,257 shares of the company’s stock worth $184,511,000 after purchasing an additional 121,573 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Spectrum Brands in the 2nd quarter worth about $12,046,000. 48.23% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands in a research report on Thursday, September 28th. Wells Fargo & Co lifted their price target on Spectrum Brands from $125.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. KeyCorp set a $130.00 price target on Spectrum Brands and gave the stock a “buy” rating in a research report on Monday, October 16th. Oppenheimer reaffirmed a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. Finally, Bank of America lifted their price target on Spectrum Brands from $113.00 to $116.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $141.67.
Shares of Spectrum Brands Holdings, Inc. (NYSE SPB) opened at $120.48 on Friday. Spectrum Brands Holdings, Inc. has a twelve month low of $98.11 and a twelve month high of $146.09. The company has a market capitalization of $6,950.00, a PE ratio of 24.00, a P/E/G ratio of 1.79 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 (NYSE:SPB) last released its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share. analysts predict that Spectrum Brands Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th were paid a dividend of $0.42 per share. The ex-dividend date was Monday, November 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.39%. Spectrum Brands’s dividend payout ratio is currently 33.47%.
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About Spectrum Brands
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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