Capital Fund Management S.A. raised its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 4.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,655 shares of the company’s stock after acquiring an additional 2,934 shares during the quarter. Capital Fund Management S.A. owned approximately 0.11% of Spectrum Brands Holdings worth $8,084,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. Alps Advisors Inc. increased its position in Spectrum Brands Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock worth $431,000 after purchasing an additional 9 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Spectrum Brands Holdings by 0.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,526 shares of the company’s stock worth $907,000 after purchasing an additional 20 shares during the period. Cutter & CO Brokerage Inc. increased its position in Spectrum Brands Holdings by 1.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock worth $299,000 after purchasing an additional 35 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Spectrum Brands Holdings by 1.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,057 shares of the company’s stock worth $564,000 after purchasing an additional 40 shares during the period. Finally, HighTower Advisors LLC increased its position in Spectrum Brands Holdings by 3.3% in the first quarter. HighTower Advisors LLC now owns 2,083 shares of the company’s stock worth $288,000 after purchasing an additional 66 shares during the period. 47.01% of the stock is owned by institutional investors and hedge funds.
SPB has been the subject of several research analyst reports. Royal Bank Of Canada set a $155.00 price objective on Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Jefferies Group LLC set a $143.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Saturday, July 29th. BMO Capital Markets cut their target price on Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $131.00 target price (down previously from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $146.38.
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Spectrum Brands Holdings, Inc. (NYSE SPB) traded down 0.39% during mid-day trading on Friday, hitting $104.80. The stock had a trading volume of 290,524 shares. The company’s 50 day moving average is $108.79 and its 200-day moving average is $127.24. Spectrum Brands Holdings, Inc. has a 52 week low of $102.27 and a 52 week high of $146.09. The stock has a market capitalization of $6.08 billion, a P/E ratio of 21.46 and a beta of 0.68.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.21). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. On average, analysts expect that Spectrum Brands Holdings, Inc. will post $5.60 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.
Spectrum Brands Holdings Company 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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