Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the company's stock, valued at approximately $1,789,000. Generali Investments CEE investicni spolecnost a.s. owned about 0.10% of Spectrum Brands at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of SPB. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the 4th quarter worth about $50,000. Versant Capital Management Inc increased its stake 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 valued at $69,000 after purchasing an additional 489 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Spectrum Brands in the first quarter valued at approximately $118,000. Lazard Asset Management LLC raised its holdings in shares of Spectrum Brands by 89.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock valued at $123,000 after buying an additional 692 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Spectrum Brands during the first quarter worth approximately $253,000.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Monness Crespi & Hardt dropped their price target on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Canaccord Genuity Group set a $77.00 target price on Spectrum Brands and gave the stock a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company decreased their price target on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group boosted their price objective on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.00.
View Our Latest Research Report on SPB
Insider Buying and Selling at Spectrum Brands
In other news, CEO David M. Maura sold 66,000 shares of Spectrum Brands stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 723,607 shares in the company, valued at approximately $47,417,966.71. The trade was a 8.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.90% of the company's stock.
Spectrum Brands Trading Up 2.6%
Shares of NYSE SPB traded up $1.45 during midday trading on Tuesday, hitting $56.39. The stock had a trading volume of 590,329 shares, compared to its average volume of 449,478. The firm has a market cap of $1.38 billion, a P/E ratio of 26.98 and a beta of 0.90. 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 0.34, a current ratio of 2.34 and a quick ratio of 1.40. The company's 50-day simple moving average is $57.98 and its 200 day simple moving average is $69.22.
Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a return on equity of 5.20% and a net margin of 2.02%. The company had revenue of $675.70 million for the quarter, compared to analyst estimates of $701.00 million. During the same period last year, the firm earned $1.62 earnings per share. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. Research analysts anticipate that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.
Spectrum Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Tuesday, May 27th. Spectrum Brands's payout ratio is presently 89.95%.
Spectrum Brands Profile
(
Free Report)
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.
Featured Articles

Before you consider Spectrum Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spectrum Brands wasn't on the list.
While Spectrum Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.