Spectrum Brands Holdings, Inc. (NYSE:SPB) Stock Position Lifted by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC boosted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,596 shares of the company’s stock after purchasing an additional 184 shares during the period. Anchor Capital Advisors LLC owned about 0.06% of Spectrum Brands worth $1,318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC grew its position in Spectrum Brands by 10.4% during the third quarter. Pzena Investment Management LLC now owns 1,310,861 shares of the company’s stock valued at $124,715,000 after purchasing an additional 123,733 shares in the last quarter. State Street Corp grew its position in Spectrum Brands by 1.3% during the third quarter. State Street Corp now owns 590,222 shares of the company’s stock valued at $56,154,000 after purchasing an additional 7,783 shares in the last quarter. Wellington Management Group LLP grew its position in Spectrum Brands by 7.6% during the third quarter. Wellington Management Group LLP now owns 513,025 shares of the company’s stock valued at $48,809,000 after purchasing an additional 36,063 shares in the last quarter. Systematic Financial Management LP grew its position in Spectrum Brands by 7.5% during the third quarter. Systematic Financial Management LP now owns 346,005 shares of the company’s stock valued at $32,919,000 after purchasing an additional 24,083 shares in the last quarter. Finally, Harvey Partners LLC purchased a new position in Spectrum Brands during the third quarter valued at approximately $19,837,000.

Spectrum Brands Price Performance

Shares of Spectrum Brands stock opened at $77.42 on Friday. The firm has a fifty day simple moving average of $82.36 and a 200-day simple moving average of $88.32. 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 1-year low of $74.72 and a 1-year high of $96.74. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.70 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data 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 net margin of 4.01% and a return on equity of 6.44%. During the same period in the previous year, the business earned $0.78 earnings per share. On average, sell-side analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands’s payout ratio is 46.19%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group reduced their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and lifted their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, Royal Bank of Canada reduced their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.43.

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.