Tudor Investment Corp ET AL Acquires 3,324 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Tudor Investment Corp ET AL lifted its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,140 shares of the company’s stock after purchasing an additional 3,324 shares during the period. Tudor Investment Corp ET AL owned 0.36% of Spectrum Brands worth $8,292,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the 4th quarter valued at approximately $50,000. Blue Trust Inc. grew its holdings in shares of Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock valued at $100,000 after buying an additional 375 shares during the period. KBC Group NV raised its stake in Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after buying an additional 390 shares during the period. Summit Trail Advisors LLC bought a new position in Spectrum Brands during the fourth quarter worth about $237,000. Finally, City Center Advisors LLC acquired a new position in Spectrum Brands in the fourth quarter valued at about $306,000.

Analysts Set New Price Targets

SPB has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $94.00 to $102.00 in a report on Friday, February 7th. UBS Group reduced their target price on shares of Spectrum Brands from $106.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Royal Bank of Canada dropped their price target on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Spectrum Brands has an average rating of “Moderate Buy” and an average price target of $95.43.

Spectrum Brands Stock Down 0.2 %

SPB stock opened at $62.62 on Wednesday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.70 and a beta of 1.03. Spectrum Brands Holdings, Inc. has a twelve month low of $57.66 and a twelve month high of $96.74. The business has a 50 day moving average price of $68.31 and a two-hundred day moving average price of $80.69. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the previous year, the firm earned $0.78 earnings per share. Analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.00%. Spectrum Brands’s dividend payout ratio (DPR) is currently 46.19%.

About Spectrum Brands

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.