9 hours Ago By ABMN Staff
Invesco Ltd. boosted its position in shares of Spectrum Brands Holdings, Inc. ( NYSE:SPB – Free Report ) by 13.
6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 81,988 shares of the company’s stock after buying an additional 9,835 shares during the quarter.
Invesco Ltd.’s holdings in Spectrum Brands were worth $6,927,000 at the end of the most recent quarter. A number of other large investors also recently added to or reduced their stakes in the business.
Anchor Capital Advisors LLC lifted its holdings in Spectrum Brands by 1.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company’s stock valued at $1,318,000 after buying an additional 184 shares during the period.
Fox Run Management L.L.C.
boosted its position in shares of Spectrum Brands by 5.3% in the 4th quarter. Fox Run Management L.
L.C. now owns 3,645 shares of the company’s stock worth $308,000 after purchasing an additional 185 shares during the last quarter.
Legato Capital Management LLC grew its stake in shares of Spectrum Brands by 2.2% during the fourth quarter. Legato Capital Management LLC now owns 9,299 shares of the company’s stock worth $786,000 after purchasing an additional 198 shares during the period.
Blue Trust Inc. increased its holdings in Spectrum Brands by 46.5% in the fourth quarter.
Blue Trust Inc. now owns 1,182 shares of the company’s stock valued at $100,000 after purchasing an additional 375 shares during the last quarter. Finally, West Oak Capital LLC lifted its stake in Spectrum Brands by 1.
4% in the fourth quarter. West Oak Capital LLC now owns 27,359 shares of the company’s stock valued at $2,312,000 after buying an additional 375 shares during the period. Analyst Ratings Changes SPB has been the subject of several analyst reports.
Royal Bank of Canada decreased their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 7th.
Wells Fargo & Company cut their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th.
Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and boosted their price target for the company from $94.00 to $102.00 in a report on Friday, February 7th.
Finally, UBS Group dropped their price objective on Spectrum Brands from $106.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th.
Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.43.
Spectrum Brands Trading Up 0.1 % SPB opened at $62.27 on Friday.
The firm’s fifty day simple moving average is $69.29 and its 200 day simple moving average is $81.32.
The stock has a market capitalization of $1.64 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.
70 and a beta of 1.03. The company has a current ratio of 2.
40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27.
Spectrum Brands Holdings, Inc. has a 12 month low of $57.66 and a 12 month high of $96.
74. Spectrum Brands ( NYSE:SPB – Get Free Report ) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.
02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11.
Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%.
During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, research analysts anticipate that Spectrum Brands Holdings, Inc.
will post 5.06 EPS for the current fiscal year. Spectrum Brands Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th.
Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th.
This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.02%.
Spectrum Brands’s dividend payout ratio is 46.19%. 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. Featured Articles Want to see what other hedge funds are holding SPB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Spectrum Brands Holdings, Inc. ( NYSE:SPB – Free Report ). Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.
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