Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Acquired by Natixis

Natixis increased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 402.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,589 shares of the company’s stock after purchasing an additional 22,900 shares during the period. Natixis owned 0.09% of Spectrum Brands worth $2,545,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LSV Asset Management bought a new position in Spectrum Brands in the fourth quarter worth about $35,216,000. Norges Bank bought a new position in Spectrum Brands in the fourth quarter worth about $20,652,000. Pzena Investment Management LLC lifted its holdings in Spectrum Brands by 21.7% in the first quarter. Pzena Investment Management LLC now owns 1,315,483 shares of the company’s stock worth $117,091,000 after acquiring an additional 234,784 shares during the last quarter. Confluence Investment Management LLC bought a new position in Spectrum Brands in the first quarter worth about $12,814,000. Finally, Great Lakes Advisors LLC lifted its holdings in Spectrum Brands by 50.0% in the fourth quarter. Great Lakes Advisors LLC now owns 324,413 shares of the company’s stock worth $25,878,000 after acquiring an additional 108,076 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on SPB. Canaccord Genuity Group lowered their price objective on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a research note on Monday, July 1st. Wells Fargo & Company lowered their price objective on shares of Spectrum Brands from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $114.00 price objective on shares of Spectrum Brands in a research note on Friday, June 7th. Monness Crespi & Hardt raised their price objective on shares of Spectrum Brands from $98.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Oppenheimer raised their price objective on shares of Spectrum Brands from $88.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $98.43.

Spectrum Brands Trading Down 0.2 %

NYSE SPB traded down $0.16 on Thursday, hitting $82.89. 427,502 shares of the stock were exchanged, compared to its average volume of 419,234. Spectrum Brands Holdings, Inc. has a 52-week low of $65.27 and a 52-week high of $96.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.73 and a quick ratio of 3.05. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 1.68, a P/E/G ratio of 0.37 and a beta of 1.19. The company’s 50-day moving average price is $87.82 and its two-hundred day moving average price is $84.55.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, May 9th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $1.13. The firm had revenue of $718.50 million for the quarter, compared to analysts’ expectations of $708.54 million. Spectrum Brands had a net margin of 68.11% and a return on equity of 6.43%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. Research analysts predict that Spectrum Brands Holdings, Inc. will post 4.68 EPS for the current year.

Spectrum Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, May 24th. Spectrum Brands’s dividend payout ratio (DPR) is currently 3.40%.

Spectrum Brands Profile

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.