Deutsche Bank AG Has $1.19 Million Stock Holdings in Spectrum Brands Holdings Inc. $SPB

Key Points

• Deutsche Bank AG reduced its stake in Spectrum Brands Holdings Inc. by 82.4%, ending up with 16,569 shares worth approximately $1.19 million as of its latest SEC filing.
• Spectrum Brands reported a quarterly EPS of $1.24, falling short of analyst expectations of $1.25, with quarterly revenue declining by 10.2% year-over-year.
• The company recently announced a quarterly dividend of $0.47 per share, representing an annual yield of 3.3%, set to be paid to shareholders recorded by August 26.

Deutsche Bank AG trimmed its holdings in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 82.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,569 shares of the company's stock after selling 77,834 shares during the quarter. Deutsche Bank AG owned about 0.06% of Spectrum Brands worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of Spectrum Brands by 101.7% in the 1st quarter. Versant Capital Management Inc now owns 970 shares of the company's stock valued at $69,000 after purchasing an additional 489 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Spectrum Brands by 89.6% in the 4th quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock valued at $123,000 after purchasing an additional 692 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Spectrum Brands in the 1st quarter valued at about $118,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Spectrum Brands by 13.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,259 shares of the company's stock valued at $275,000 after purchasing an additional 396 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Spectrum Brands in the 1st quarter valued at about $253,000.

Spectrum Brands Stock Up 5.0%

SPB stock opened at $57.1810 on Friday. The stock's 50 day simple moving average is $55.42 and its 200 day simple moving average is $62.65. Spectrum Brands Holdings Inc. has a fifty-two week low of $50.73 and a fifty-two week high of $96.62. 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 $1.38 billion, a P/E ratio of 21.34 and a beta of 0.86.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued 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 company had revenue of $699.60 million for the quarter, compared to the consensus estimate of $742.13 million. Spectrum Brands had a return on equity of 5.27% and a net margin of 2.56%.The business's revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 earnings per share. On average, research analysts expect that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 26th. Spectrum Brands's payout ratio is currently 70.15%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SPB shares. Royal Bank Of Canada set a $75.00 price objective on Spectrum Brands and gave the company an "outperform" rating in a research note on Monday, August 11th. Canaccord Genuity Group dropped their price target on Spectrum Brands from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. UBS Group upped their price target on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Monness Crespi & Hardt dropped their price target on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company dropped their price target on 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Spectrum Brands presently has a consensus rating of "Moderate Buy" and an average target price of $74.80.

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.

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