Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 37.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,749 shares of the company’s stock after selling 1,658 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Spectrum Brands were worth $232,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Legato Capital Management LLC lifted its holdings in Spectrum Brands by 2.2% in the fourth quarter. Legato Capital Management LLC now owns 9,299 shares of the company’s stock valued at $786,000 after acquiring an additional 198 shares during the last quarter. Farther Finance Advisors LLC raised its position in Spectrum Brands by 92.2% in the third 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 period. Brooklyn Investment Group acquired a new position in shares of Spectrum Brands in the 3rd quarter valued at $31,000. State of New Jersey Common Pension Fund D grew 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 worth $2,043,000 after purchasing an additional 345 shares during the period. Finally, West Oak Capital LLC increased its position in shares of Spectrum Brands by 1.4% during the 4th quarter. West Oak Capital LLC now owns 27,359 shares of the company’s stock worth $2,312,000 after purchasing an additional 375 shares during the last quarter.

Spectrum Brands Stock Performance

NYSE:SPB opened at $73.37 on Wednesday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. 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 Holdings, Inc. has a 52 week low of $73.12 and a 52 week high of $96.74. The company has a fifty day simple moving average of $81.94 and a two-hundred day simple moving average of $88.07.

Spectrum Brands (NYSE:SPB) last issued 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 business earned $0.78 EPS. As a group, equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, February 18th. Spectrum Brands’s payout ratio is 46.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company dropped their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, UBS Group lowered their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.43.

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.