Jane Street Group LLC lifted its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 62.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 260,190 shares of the company’s stock after acquiring an additional 100,503 shares during the period. Jane Street Group LLC’s holdings in Spectrum Brands were worth $29,245,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of Spectrum Brands by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after buying an additional 794 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Spectrum Brands in the 4th quarter valued at $177,000. Eagle Boston Investment Management Inc. purchased a new position in shares of Spectrum Brands in the 4th quarter valued at $201,000. State of Alaska Department of Revenue purchased a new position in shares of Spectrum Brands in the 4th quarter valued at $202,000. Finally, Ellington Management Group LLC purchased a new position in shares of Spectrum Brands in the 4th quarter valued at $202,000. 48.28% of the stock is currently owned by hedge funds and other institutional investors.
Spectrum Brands Holdings, Inc. (SPB) opened at $95.18 on Thursday. Spectrum Brands Holdings, Inc. has a 52-week low of $94.14 and a 52-week high of $146.09. The company has a debt-to-equity ratio of 2.01, a quick ratio of 2.19 and a current ratio of 2.70. The stock has a market cap of $5,504.42, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.49 and a beta of 0.84.
Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. Spectrum Brands had a net margin of 8.80% and a return on equity of 14.51%. The company had revenue of $646.50 million for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted $1.21 EPS. Spectrum Brands’s revenue for the quarter was up 7.3% on a year-over-year basis. equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.38 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, February 16th. Spectrum Brands’s payout ratio is currently 25.04%.
A number of research analysts recently commented on the stock. Wells Fargo & Co reaffirmed a “buy” rating on shares of Spectrum Brands in a research report on Tuesday, January 16th. KeyCorp set a $140.00 target price on shares of Spectrum Brands and gave the company a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Jefferies Group reaffirmed a “buy” rating and issued a $145.00 target price on shares of Spectrum Brands in a research report on Tuesday, January 9th. Finally, UBS Group increased their target price on shares of Spectrum Brands from $124.00 to $140.00 in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $140.60.
Spectrum Brands Profile
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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