Fox Run Management L.L.C. Buys 185 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Fox Run Management L.L.C. increased its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,645 shares of the company’s stock after purchasing an additional 185 shares during the period. Fox Run Management L.L.C.’s holdings in Spectrum Brands were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPB. Brooklyn Investment Group purchased a new stake in Spectrum Brands during the 3rd quarter valued at $31,000. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands in the fourth quarter valued at about $50,000. Quantbot Technologies LP purchased a new position in Spectrum Brands in the third quarter worth about $62,000. Quarry LP grew its stake in shares of Spectrum Brands by 70.9% during the 3rd quarter. Quarry LP now owns 974 shares of the company’s stock valued at $93,000 after purchasing an additional 404 shares during the period. Finally, Blue Trust Inc. increased 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 valued at $100,000 after purchasing an additional 375 shares during the last quarter.

Spectrum Brands Trading Up 1.9 %

Shares of Spectrum Brands stock opened at $71.52 on Friday. Spectrum Brands Holdings, Inc. has a fifty-two week low of $68.74 and a fifty-two week high of $96.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The company has a market capitalization of $1.88 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a fifty day moving average of $77.70 and a 200 day moving average of $85.70.

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

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s payout ratio is currently 46.19%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SPB shares. Royal Bank of Canada cut 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 report on Friday, February 7th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and boosted their price objective for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, UBS Group cut their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Spectrum Brands presently 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.