Gideon Capital Advisors Inc. acquired a new position in shares of Spectrum Brands Holdings Inc (NYSE:SPB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,935 shares of the company’s stock, valued at approximately $335,000.
Several other large investors also recently modified their holdings of SPB. Flinton Capital Management LLC acquired a new position in shares of Spectrum Brands during the 4th quarter valued at about $207,000. Dimensional Fund Advisors LP increased its stake in shares of Spectrum Brands by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,068,658 shares of the company’s stock valued at $45,152,000 after acquiring an additional 126,644 shares during the last quarter. Hsbc Holdings PLC increased its position in Spectrum Brands by 206.8% during the 4th quarter. Hsbc Holdings PLC now owns 24,554 shares of the company’s stock worth $1,038,000 after purchasing an additional 16,552 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Spectrum Brands by 76.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 6,341 shares of the company’s stock worth $256,000 after purchasing an additional 2,753 shares in the last quarter. Finally, Raymond James & Associates increased its position in Spectrum Brands by 23.4% during the 4th quarter. Raymond James & Associates now owns 67,936 shares of the company’s stock worth $2,870,000 after purchasing an additional 12,870 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.
Shares of NYSE:SPB opened at $55.49 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.12 and a quick ratio of 0.91. Spectrum Brands Holdings Inc has a 52-week low of $40.54 and a 52-week high of $103.88. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.64 and a beta of 1.90.
Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.60). Spectrum Brands had a net margin of 3.32% and a return on equity of 3.24%. The firm had revenue of $874.60 million during the quarter, compared to analyst estimates of $910.97 million. During the same period last year, the business earned $0.38 EPS. The firm’s revenue was up 35.5% compared to the same quarter last year. On average, analysts anticipate that Spectrum Brands Holdings Inc will post 2.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 19th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Friday, February 15th. Spectrum Brands’s dividend payout ratio (DPR) is 47.46%.
A number of research firms recently issued reports on SPB. Deutsche Bank downgraded shares of Spectrum Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Oppenheimer downgraded shares of Spectrum Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 19th. UBS Group downgraded shares of Spectrum Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, November 19th. Raymond James reissued a “buy” rating and set a $15.00 target price on shares of Spectrum Brands in a research report on Monday, December 3rd. Finally, CIBC reissued a “market perform” rating on shares of Spectrum Brands in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $62.50.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.
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