Victory Capital Management Inc. Increases Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Victory Capital Management Inc. increased its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,133 shares of the company’s stock after buying an additional 2,078 shares during the period. Victory Capital Management Inc. owned about 0.08% of Spectrum Brands worth $1,955,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Spectrum Brands during the third quarter valued at about $31,000. Steward Partners Investment Advisory LLC acquired a new stake in Spectrum Brands during the 4th quarter valued at approximately $50,000. Quantbot Technologies LP acquired a new stake in Spectrum Brands during the 3rd quarter valued at approximately $62,000. Quarry LP increased its holdings in Spectrum Brands by 70.9% during the 3rd quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after purchasing an additional 404 shares during the last quarter. Finally, Blue Trust Inc. raised its position 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 purchasing an additional 375 shares in the last quarter.

Spectrum Brands Stock Up 1.1 %

Shares of NYSE:SPB opened at $72.46 on Tuesday. The company’s fifty day moving average is $79.93 and its two-hundred day moving average is $86.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. Spectrum Brands Holdings, Inc. has a 1-year low of $69.85 and a 1-year high of $96.74. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $0.78 EPS. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.59%. Spectrum Brands’s dividend payout ratio is currently 46.19%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPB shares. Royal Bank of Canada decreased their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased their price objective 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 upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, UBS Group reduced their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Spectrum Brands has a consensus rating of “Moderate Buy” and an average target price of $103.43.

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.