Capital Fund Management S.A. Acquires New Position in Spectrum Brands Holdings Inc. $SPB

Key Points

• Capital Fund Management S.A. invested approximately $2.60 million in Spectrum Brands Holdings Inc., acquiring 36,322 shares, which represents 0.14% of the company's stock.
• Spectrum Brands reported a 10.2% year-over-year decline in revenue during its latest quarterly earnings, with EPS of $1.24, slightly missing analysts' estimates.
• The company declared a quarterly dividend of $0.47 per share, yielding 3.3%, indicating a payout ratio of 70.15%.

Capital Fund Management S.A. purchased a new position in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 36,322 shares of the company's stock, valued at approximately $2,599,000. Capital Fund Management S.A. owned 0.14% of Spectrum Brands at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pullen Investment Management LLC increased its holdings in shares of Spectrum Brands by 2.8% during the 1st quarter. Pullen Investment Management LLC now owns 12,361 shares of the company's stock valued at $884,000 after purchasing an additional 333 shares in the last quarter. Humankind Investments LLC grew its position in Spectrum Brands by 7.5% during the fourth quarter. Humankind Investments LLC now owns 5,104 shares of the company's stock valued at $431,000 after buying an additional 355 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Spectrum Brands by 13.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,259 shares of the company's stock valued at $275,000 after buying an additional 396 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Spectrum Brands by 101.7% in the first quarter. Versant Capital Management Inc now owns 970 shares of the company's stock worth $69,000 after acquiring an additional 489 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of Spectrum Brands by 89.6% in the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock worth $123,000 after acquiring an additional 692 shares during the period.

Spectrum Brands Price Performance

Shares of NYSE:SPB traded down $0.45 during midday trading on Thursday, hitting $56.07. The company's stock had a trading volume of 488,600 shares, compared to its average volume of 544,160. The business's 50 day simple moving average is $55.66 and its 200 day simple moving average is $62.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.50 and a current ratio of 2.42. The company has a market cap of $1.36 billion, a P/E ratio of 20.92 and a beta of 0.86. Spectrum Brands Holdings Inc. has a 12-month low of $50.73 and a 12-month high of $96.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). The business had revenue of $699.60 million during the quarter, compared to analyst estimates of $742.13 million. Spectrum Brands had a net margin of 2.56% and a return on equity of 5.27%. The firm's revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. On average, analysts forecast that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, August 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, August 26th. Spectrum Brands's dividend payout ratio is presently 70.15%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SPB shares. Wall Street Zen raised shares of Spectrum Brands from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Monness Crespi & Hardt lowered their target price on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Royal Bank Of Canada set a $75.00 target price on shares of Spectrum Brands and gave the stock an "outperform" rating in a research note on Monday, August 11th. Canaccord Genuity Group dropped their price target on shares of Spectrum Brands from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company dropped their price target on shares of Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Spectrum Brands presently has a consensus rating of "Moderate Buy" and an average price target of $74.80.

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.