D. E. Shaw & Co. Inc. Lowers Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

D. E. Shaw & Co. Inc. lessened its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,022 shares of the company's stock after selling 6,122 shares during the period. D. E. Shaw & Co. Inc. owned 0.14% of Spectrum Brands worth $3,212,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of SPB. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands during the fourth quarter worth $50,000. Blue Trust Inc. grew its position in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after buying an additional 375 shares during the period. KBC Group NV increased its stake in shares of Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after acquiring an additional 390 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in shares of Spectrum Brands during the 4th quarter valued at $237,000. Finally, Fox Run Management L.L.C. boosted its stake in Spectrum Brands by 5.3% during the fourth quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock worth $308,000 after acquiring an additional 185 shares in the last quarter.

Insider Activity at Spectrum Brands

In related news, CEO David M. Maura sold 66,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $65.53, for a total transaction of $4,324,980.00. Following the transaction, the chief executive officer now directly owns 723,607 shares of the company's stock, valued at approximately $47,417,966.71. This trade represents a 8.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.60% of the stock is owned by corporate insiders.

Spectrum Brands Price Performance

Shares of Spectrum Brands stock traded down $0.47 on Friday, reaching $58.05. The stock had a trading volume of 622,606 shares, compared to its average volume of 413,721. The business's 50 day moving average is $64.12 and its two-hundred day moving average is $77.28. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. Spectrum Brands Holdings, Inc. has a 1 year low of $56.50 and a 1 year high of $96.62. The company has a market cap of $1.45 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00.

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

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.24%. Spectrum Brands's dividend payout ratio (DPR) is presently 89.95%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPB. 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 research report on Friday, May 9th. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and boosted their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada dropped their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Monness Crespi & Hardt decreased their price objective on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Finally, Wells Fargo & Company lowered their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.17.

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.