Spectrum Brands Holdings, Inc. (NYSE:SPB) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,919,244 shares of the company’s stock after purchasing an additional 2,770 shares during the period. Vanguard Group Inc. owned 0.11% of Spectrum Brands worth $246,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPB. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the fourth quarter worth $50,000. Quantbot Technologies LP bought a new stake in Spectrum Brands during the third quarter valued at about $62,000. Quarry LP increased its stake in shares of Spectrum Brands by 70.9% in the third quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after purchasing an additional 404 shares during the period. Blue Trust Inc. lifted its position in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after purchasing an additional 375 shares during the last quarter. Finally, KBC Group NV boosted its stake in Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock valued at $104,000 after purchasing an additional 390 shares during the period.

Spectrum Brands Price Performance

Shares of SPB stock opened at $62.35 on Friday. The stock’s fifty day moving average is $75.72 and its 200-day moving average is $84.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. Spectrum Brands Holdings, Inc. has a 52 week low of $61.95 and a 52 week high of $96.74. The stock has a market capitalization of $1.64 billion, a PE ratio of 15.32, a PEG ratio of 1.70 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the previous year, the firm posted $0.78 earnings per share. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.02%. Spectrum Brands’s payout ratio is 46.19%.

Wall Street Analysts Forecast Growth

SPB has been the subject of a number of research analyst reports. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $94.00 to $102.00 in a report on Friday, February 7th. UBS Group decreased their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company cut their price target on Spectrum Brands from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada decreased their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.57.

About Spectrum Brands

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.