4,900 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,900 shares of the company's stock, valued at approximately $414,000.

A number of other institutional investors have also recently bought and sold shares of SPB. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands during the fourth quarter valued at approximately $50,000. Blue Trust Inc. boosted its holdings in 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 during the period. KBC Group NV grew its position in Spectrum Brands by 46.3% during the fourth quarter. KBC Group NV now owns 1,233 shares of the company's stock worth $104,000 after buying an additional 390 shares in the last quarter. Summit Trail Advisors LLC bought a new stake in shares of Spectrum Brands in the 4th quarter worth approximately $237,000. Finally, City Center Advisors LLC acquired a new stake in shares of Spectrum Brands during the 4th quarter worth approximately $306,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company cut their price objective on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group raised their price target on shares of Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a report on Friday. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada reduced their price objective on shares of 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.71.

Spectrum Brands Stock Down 3.5 %

SPB traded down $2.27 during trading on Friday, reaching $61.83. The company had a trading volume of 663,349 shares, compared to its average volume of 417,453. Spectrum Brands Holdings, Inc. has a 12 month low of $56.50 and a 12 month high of $96.74. 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's fifty day moving average price is $66.03 and its 200 day moving average price is $79.22. The company has a market cap of $1.63 billion, a P/E ratio of 15.19, a PEG ratio of 1.70 and a beta of 1.00.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.67). Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The firm had revenue of $675.70 million during the quarter, compared to the consensus estimate of $701.00 million. During the same quarter in the previous year, the firm posted $1.62 EPS. The company's revenue was down 6.0% on a year-over-year basis. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

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.