Interval Partners LP Has $4.31 Million Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Interval Partners LP trimmed its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 52.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 51,000 shares of the company’s stock after selling 56,824 shares during the period. Interval Partners LP’s holdings in Spectrum Brands were worth $4,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in Spectrum Brands in the 4th quarter worth $50,000. Blue Trust Inc. grew its position in Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after purchasing an additional 375 shares during the last quarter. KBC Group NV grew its position in Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after purchasing an additional 390 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in Spectrum Brands in the 4th quarter worth $237,000. Finally, City Center Advisors LLC acquired a new stake in Spectrum Brands in the 4th quarter worth $306,000.

Analysts Set New Price Targets

SPB has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. UBS Group lifted their target price on shares of Spectrum Brands from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday. 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 report on Friday, February 7th. Finally, Wells Fargo & Company decreased their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.80.

Spectrum Brands Price Performance

Shares of Spectrum Brands stock opened at $61.83 on Monday. 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 firm’s 50-day simple moving average is $66.03 and its 200-day simple moving average is $79.08. Spectrum Brands Holdings, Inc. has a twelve month low of $56.50 and a twelve month high of $96.62. The firm has a market cap of $1.63 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.67). Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The business had revenue of $675.70 million for the quarter, compared to analyst estimates of $701.00 million. During the same quarter last year, the firm posted $1.62 earnings per share. Spectrum Brands’s revenue was down 6.0% on a year-over-year basis. As a group, research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands’s dividend payout ratio is currently 89.95%.

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.