Fuller & Thaler Asset Management Inc. Takes Position in Spectrum Brands Holdings Inc. $SPB

Key Points

• Fuller & Thaler Asset Management Inc. has invested approximately $528,000 in Spectrum Brands Holdings Inc., acquiring a new stake of 7,380 shares.
• Analysts have mixed ratings for Spectrum Brands, with the average price target set at $74.80 and a consensus rating of "Moderate Buy".
• The company reported $1.24 earnings per share in its latest quarter, missing estimates, alongside a revenue drop of 10.2% year-over-year.

Fuller & Thaler Asset Management Inc. acquired a new position in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,380 shares of the company's stock, valued at approximately $528,000.

A number of other large investors have also recently made changes to their positions in SPB. Man Group plc boosted its stake in shares of Spectrum Brands by 160.5% during the 4th quarter. Man Group plc now owns 320,178 shares of the company's stock worth $27,052,000 after purchasing an additional 197,263 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Spectrum Brands by 403.9% during the 4th quarter. Two Sigma Advisers LP now owns 233,800 shares of the company's stock worth $19,754,000 after purchasing an additional 187,400 shares during the period. Alberta Investment Management Corp boosted its stake in shares of Spectrum Brands by 33.1% during the 1st quarter. Alberta Investment Management Corp now owns 750,029 shares of the company's stock worth $53,665,000 after purchasing an additional 186,729 shares during the period. Nuveen LLC purchased a new position in shares of Spectrum Brands during the 1st quarter worth about $11,579,000. Finally, First Trust Advisors LP boosted its stake in shares of Spectrum Brands by 261.9% during the 4th quarter. First Trust Advisors LP now owns 163,143 shares of the company's stock worth $13,784,000 after purchasing an additional 118,060 shares during the period.

Spectrum Brands Trading Down 0.6%

SPB traded down $0.3360 on Monday, reaching $56.9840. 310,164 shares of the company traded hands, compared to its average volume of 544,922. Spectrum Brands Holdings Inc. has a one year low of $50.73 and a one year high of $96.62. The firm has a fifty day simple moving average of $55.42 and a two-hundred day simple moving average of $62.55. The company has a market cap of $1.38 billion, a P/E ratio of 21.23 and a beta of 0.86. The company has a quick ratio of 1.50, a current ratio of 2.42 and a debt-to-equity ratio of 0.35.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.01). Spectrum Brands had a net margin of 2.56% and a return on equity of 5.27%. The business had revenue of $699.60 million during the quarter, compared to the consensus estimate of $742.13 million. During the same quarter in the prior year, the firm posted $1.13 EPS. The company's revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

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

Wall Street Analyst Weigh In

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

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.