Barclays PLC Grows Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Barclays PLC grew its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 71.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,407 shares of the company’s stock after acquiring an additional 14,746 shares during the quarter. Barclays PLC owned about 0.13% of Spectrum Brands worth $3,369,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SPB. Waldron Private Wealth LLC purchased a new stake in shares of Spectrum Brands during the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in Spectrum Brands during the 3rd quarter valued at approximately $31,000. International Assets Investment Management LLC lifted its position in Spectrum Brands by 9,420.0% during the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after purchasing an additional 471 shares during the period. Quarry LP grew its holdings in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after acquiring an additional 450 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Spectrum Brands during the 2nd quarter valued at approximately $50,000.

Spectrum Brands Trading Down 0.8 %

SPB opened at $84.75 on Tuesday. The company’s 50 day simple moving average is $91.01 and its two-hundred day simple moving average is $89.62. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. Spectrum Brands Holdings, Inc. has a 1-year low of $75.50 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). The business had revenue of $773.70 million for the quarter, compared to analysts’ expectations of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 earnings per share. Analysts expect that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current fiscal year.

Spectrum Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were given a $0.47 dividend. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.22%. The ex-dividend date was Tuesday, November 26th. Spectrum Brands’s payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Spectrum Brands has a consensus rating of “Hold” and an average price target of $102.38.

Spectrum Brands Company 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.