DekaBank Deutsche Girozentrale Invests $79,000 in Spectrum Brands Holdings, Inc. (NYSE:SPB)

DekaBank Deutsche Girozentrale purchased 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 Securities and Exchange Commission (SEC). The institutional investor purchased 985 shares of the company’s stock, valued at approximately $79,000.

Other large investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Spectrum Brands during the fourth quarter worth approximately $1,424,000. Qube Research & Technologies Ltd purchased a new stake in shares of Spectrum Brands during the third quarter worth approximately $4,452,000. Fifth Third Bancorp purchased a new stake in shares of Spectrum Brands during the fourth quarter worth approximately $71,000. California Public Employees Retirement System grew its holdings in Spectrum Brands by 32.5% during the third quarter. California Public Employees Retirement System now owns 72,330 shares of the company’s stock worth $5,667,000 after acquiring an additional 17,753 shares during the period. Finally, Loomis Sayles & Co. L P grew its holdings in Spectrum Brands by 5.8% during the third quarter. Loomis Sayles & Co. L P now owns 152,745 shares of the company’s stock worth $11,968,000 after acquiring an additional 8,431 shares during the period.

Spectrum Brands Stock Down 0.5 %

SPB opened at $79.08 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.36 and a quick ratio of 2.75. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 1.72, a price-to-earnings-growth ratio of 0.54 and a beta of 1.20. The business has a 50-day moving average of $83.58 and a two-hundred day moving average of $78.85. Spectrum Brands Holdings, Inc. has a 12 month low of $63.64 and a 12 month high of $89.64.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.31 by $0.47. The company had revenue of $692.20 million during the quarter, compared to analysts’ expectations of $674.20 million. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.32) EPS. On average, research analysts expect that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current year.

Spectrum Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, February 16th. Spectrum Brands’s payout ratio is currently 3.65%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $86.00 price objective (up previously from $83.00) on shares of Spectrum Brands in a report on Friday, February 9th. Canaccord Genuity Group downgraded shares of Spectrum Brands from a “buy” rating to a “hold” rating and boosted their target price for the company from $83.00 to $86.00 in a research note on Friday, February 9th. Wells Fargo & Company boosted their target price on shares of Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. StockNews.com raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Finally, Monness Crespi & Hardt boosted their target price on shares of Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.17.

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.