Scopus Asset Management L.P. Has $106.25 Million Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Scopus Asset Management L.P. reduced its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 7.4% during the first quarter, Holdings reports. The firm owned 1,250,000 shares of the company’s stock after selling 100,000 shares during the period. Spectrum Brands accounts for about 1.3% of Scopus Asset Management L.P.’s portfolio, making the stock its 9th biggest position. Scopus Asset Management L.P.’s holdings in Spectrum Brands were worth $106,250,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPB. Eaton Vance Management bought a new stake in Spectrum Brands during the first quarter worth approximately $29,000. Oakworth Capital Inc. acquired a new stake in shares of Spectrum Brands during the 1st quarter valued at $40,000. Lazard Asset Management LLC bought a new stake in shares of Spectrum Brands during the 4th quarter worth $51,000. Captrust Financial Advisors grew its holdings in shares of Spectrum Brands by 344.7% in the 1st quarter. Captrust Financial Advisors now owns 756 shares of the company’s stock worth $64,000 after acquiring an additional 586 shares during the last quarter. Finally, Safeguard Investment Advisory Group LLC acquired a new stake in shares of Spectrum Brands during the fourth quarter worth $70,000. 92.85% of the stock is owned by institutional investors and hedge funds.

SPB has been the topic of several research reports. Monness Crespi & Hardt upped their price objective on shares of Spectrum Brands from $100.00 to $113.00 and gave the company a “buy” rating in a research note on Monday, May 10th. Wells Fargo & Company boosted their price target on shares of Spectrum Brands from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, May 10th. Zacks Investment Research lowered Spectrum Brands from a “strong-buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on Spectrum Brands from $104.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, May 17th. Finally, UBS Group started coverage on Spectrum Brands in a report on Wednesday, June 23rd. They set a “buy” rating and a $102.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $88.75.

Shares of NYSE:SPB traded up $0.68 on Thursday, reaching $84.80. The company had a trading volume of 2,895 shares, compared to its average volume of 347,383. The stock has a market cap of $3.62 billion, a PE ratio of 11.98 and a beta of 1.90. The company has a 50-day moving average of $85.69. Spectrum Brands Holdings, Inc. has a twelve month low of $47.59 and a twelve month high of $97.27. The company has a quick ratio of 1.06, a current ratio of 1.94 and a debt-to-equity ratio of 1.71.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, May 6th. The company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.77. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.03 billion. Spectrum Brands had a net margin of 6.72% and a return on equity of 20.92%. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. On average, research analysts anticipate that Spectrum Brands Holdings, Inc. will post 6.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Wednesday, May 19th. Spectrum Brands’s dividend payout ratio (DPR) is currently 40.98%.

Spectrum Brands 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 and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell Manufacturing brands; and plumbing products under the Pfister brand.

Featured Article: How does inflation affect different investments?

Want to see what other hedge funds are holding SPB? Visit to get the latest 13F filings and insider trades for Spectrum Brands Holdings, Inc. (NYSE:SPB).

Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with's FREE daily email newsletter.