Generali Investments CEE investicni spolecnost a.s. Raises Holdings in Spectrum Brands Holdings Inc. $SPB

Key Points

• Generali Investments CEE investicni spolecnost a.s. increased its stake in Spectrum Brands by 91.7% in Q4 to 47,935 shares, worth about $2.83 million (≈0.21% of the company).
• Spectrum Brands reported a quarterly beat with EPS $1.40 vs $0.77 expected and $677M revenue, and it pays a quarterly dividend of $0.47 (annualized yield 2.6%).
• Several analysts have raised targets and the stock carries a consensus rating of Moderate Buy with an average target near $83.

Generali Investments CEE investicni spolecnost a.s. increased its holdings in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 91.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,935 shares of the company's stock after buying an additional 22,935 shares during the period. Generali Investments CEE investicni spolecnost a.s. owned about 0.21% of Spectrum Brands worth $2,832,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Amundi bought a new position in shares of Spectrum Brands in the 1st quarter worth $176,000. Millennium Management LLC boosted its position in Spectrum Brands by 64.7% during the first quarter. Millennium Management LLC now owns 166,496 shares of the company's stock valued at $11,913,000 after purchasing an additional 65,424 shares in the last quarter. NewEdge Advisors LLC grew its stake in Spectrum Brands by 173.0% in the first quarter. NewEdge Advisors LLC now owns 5,389 shares of the company's stock valued at $386,000 after purchasing an additional 3,415 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Spectrum Brands by 40.9% in the first quarter. Goldman Sachs Group Inc. now owns 393,084 shares of the company's stock worth $28,125,000 after purchasing an additional 114,143 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Spectrum Brands by 6.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 111,571 shares of the company's stock worth $7,983,000 after purchasing an additional 6,321 shares in the last quarter.

Spectrum Brands Price Performance

Shares of SPB stock opened at $73.66 on Friday. Spectrum Brands Holdings Inc. has a fifty-two week low of $49.99 and a fifty-two week high of $80.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.21. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 2.54 and a beta of 0.64. The stock's 50-day simple moving average is $72.90 and its 200-day simple moving average is $62.25.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.63. The company had revenue of $677.00 million during the quarter, compared to analysts' expectations of $667.59 million. Spectrum Brands had a net margin of 3.76% and a return on equity of 7.65%. Spectrum Brands's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. As a group, equities analysts forecast that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, February 17th. Spectrum Brands's payout ratio is presently 43.42%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Spectrum Brands from $62.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, February 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Spectrum Brands in a research note on Monday, December 29th. Royal Bank Of Canada set a $85.00 target price on shares of Spectrum Brands in a research report on Friday, February 6th. Finally, Oppenheimer lifted their price target on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.

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