Spectrum Brands Holdings, Inc. (NYSE:SPB) Holdings Lowered by EMC Capital Management

EMC Capital Management cut its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 84.9% in the 4th quarter, HoldingsChannel reports. The fund owned 2,162 shares of the company’s stock after selling 12,112 shares during the period. EMC Capital Management’s holdings in Spectrum Brands were worth $183,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SPB. Quarry LP boosted its stake in Spectrum Brands by 375.0% during the 2nd quarter. Quarry LP now owns 570 shares of the company’s stock valued at $49,000 after purchasing an additional 450 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Spectrum Brands in the third quarter valued at $222,000. CWM LLC boosted its stake in Spectrum Brands by 151.7% during the third quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $179,000 after buying an additional 1,133 shares in the last quarter. nVerses Capital LLC grew its holdings in Spectrum Brands by 28.6% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $171,000 after acquiring an additional 400 shares during the period. Finally, West Oak Capital LLC raised its position in Spectrum Brands by 48.8% in the third quarter. West Oak Capital LLC now owns 26,984 shares of the company’s stock worth $2,567,000 after acquiring an additional 8,855 shares in the last quarter.

Spectrum Brands Stock Up 0.9 %

SPB opened at $86.12 on Friday. The company has a market capitalization of $2.35 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. Spectrum Brands Holdings, Inc. has a fifty-two week low of $77.73 and a fifty-two week high of $96.74. The business has a 50-day moving average of $87.63 and a 200-day moving average of $89.15.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). The business had revenue of $773.70 million for the quarter, compared to analyst estimates of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. Equities research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.18 EPS for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were issued a $0.47 dividend. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.18%. The ex-dividend date was Tuesday, November 26th. Spectrum Brands’s payout ratio is 46.08%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SPB. Canaccord Genuity Group boosted their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Wells Fargo & Company dropped their price target 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 reduced their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.75.

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.