Oppenheimer & Co. Inc. Sells 387 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Oppenheimer & Co. Inc. lessened its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,826 shares of the company’s stock after selling 387 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Spectrum Brands were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Legato Capital Management LLC lifted its holdings in shares of Spectrum Brands by 2.2% during the 4th quarter. Legato Capital Management LLC now owns 9,299 shares of the company’s stock valued at $786,000 after purchasing an additional 198 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after purchasing an additional 261 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Spectrum Brands during the 3rd quarter valued at $31,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of Spectrum Brands by 1.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company’s stock valued at $2,043,000 after purchasing an additional 345 shares during the last quarter. Finally, West Oak Capital LLC raised its stake in Spectrum Brands by 1.4% in the 4th quarter. West Oak Capital LLC now owns 27,359 shares of the company’s stock worth $2,312,000 after acquiring an additional 375 shares during the last quarter.

Spectrum Brands Price Performance

SPB stock opened at $75.18 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The business has a 50 day simple moving average of $81.34 and a 200-day simple moving average of $87.75. The firm has a market capitalization of $1.98 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 1 year low of $73.12 and a 1 year high of $96.74.

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

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.19%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPB. Royal Bank of Canada reduced their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. UBS Group reduced their target price on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company reduced their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and raised their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Spectrum Brands presently has an average rating of “Moderate Buy” and an average target price of $103.43.

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.