National Bank of Canada FI Has $27,000 Stock Position in Spectrum Brands Holdings Inc. $SPB

Key Points

• National Bank of Canada FI significantly decreased its stake in Spectrum Brands Holdings by 99.2%, leaving it with only 372 shares after selling 44,007 during the first quarter.
• Recent analyst reports show a mixed outlook for Spectrum Brands, with Wells Fargo lowering its target price to $60 while UBS Group raised it to $78, resulting in a consensus rating of "Moderate Buy".
• Spectrum Brands recently declared a quarterly dividend of $0.47, which represents a 3.3% yield for shareholders, with a payout ratio of 70.15%.

National Bank of Canada FI reduced its stake in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 99.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 372 shares of the company's stock after selling 44,007 shares during the period. National Bank of Canada FI's holdings in Spectrum Brands were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Man Group plc grew its position in 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 acquiring an additional 197,263 shares during the last quarter. Two Sigma Advisers LP grew its position in 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 acquiring an additional 187,400 shares during the last quarter. Alberta Investment Management Corp grew its position in 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 acquiring an additional 186,729 shares during the last quarter. First Trust Advisors LP grew its position in 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 acquiring an additional 118,060 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Spectrum Brands by 76.4% during the 4th quarter. AQR Capital Management LLC now owns 261,507 shares of the company's stock worth $22,095,000 after acquiring an additional 113,238 shares during the last quarter.

Analysts Set New Price Targets

SPB has been the topic of a number of research analyst reports. Wall Street Zen upgraded Spectrum Brands from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company decreased their price target on Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 9th. Royal Bank Of Canada set a $75.00 price target on Spectrum Brands and gave the stock an "outperform" rating in a research report on Monday, August 11th. Canaccord Genuity Group decreased their price objective on Spectrum Brands from $77.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, UBS Group increased their price objective on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.80.

Spectrum Brands Stock Down 0.7%

Shares of SPB traded down $0.3810 during midday trading on Monday, hitting $56.9390. The stock had a trading volume of 455,902 shares, compared to its average volume of 596,523. The company has a 50 day simple moving average of $55.50 and a two-hundred day simple moving average of $62.40. Spectrum Brands Holdings Inc. has a twelve month low of $50.73 and a twelve month high of $96.62. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 21.25 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.42 and a quick ratio of 1.50.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.24 earnings per share (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 firm had revenue of $699.60 million during the quarter, compared to analyst estimates of $742.13 million. During the same period in the prior year, the business earned $1.13 EPS. The business's revenue for the quarter was down 10.2% compared to the same quarter last year. On average, analysts anticipate that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

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

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.