Spectrum Brands Holdings Inc. (NYSE:SPB) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 76.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,953 shares of the company's stock after selling 15,803 shares during the quarter. Teacher Retirement System of Texas' holdings in Spectrum Brands were worth $354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Spectrum Brands in the 4th quarter valued at approximately $972,000. Swiss National Bank lifted its stake in shares of Spectrum Brands by 0.7% in the 4th quarter. Swiss National Bank now owns 55,099 shares of the company's stock valued at $4,655,000 after purchasing an additional 400 shares during the period. Magnetar Financial LLC purchased a new position in shares of Spectrum Brands in the 4th quarter valued at approximately $985,000. Semanteon Capital Management LP purchased a new position in shares of Spectrum Brands in the 4th quarter valued at approximately $506,000. Finally, Sei Investments Co. lifted its stake in shares of Spectrum Brands by 2.0% in the 4th quarter. Sei Investments Co. now owns 211,412 shares of the company's stock valued at $17,862,000 after purchasing an additional 4,050 shares during the period.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPB. Wells Fargo & Company reduced their price objective on Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. UBS Group lifted their target price on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Canaccord Genuity Group set a $77.00 price target on Spectrum Brands and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Spectrum Brands has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Spectrum Brands Trading Down 0.2%

SPB traded down $0.14 during trading on Friday, hitting $55.96. 431,707 shares of the stock were exchanged, compared to its average volume of 447,848. The firm has a 50 day simple moving average of $56.72 and a 200 day simple moving average of $67.67. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 26.78 and a beta of 0.90. Spectrum Brands Holdings Inc. has a 1 year low of $50.73 and a 1 year high of $96.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.40 and a current ratio of 2.34.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share 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 business had revenue of $675.70 million during the quarter, compared to analyst estimates of $701.00 million. During the same period in the previous year, the business earned $1.62 EPS. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities analysts expect 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. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.36%. Spectrum Brands's payout ratio is currently 89.95%.

Insider Buying and Selling at Spectrum Brands

In other Spectrum Brands news, CEO David M. Maura sold 66,000 shares of the business's 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

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.