5,022 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,022 shares of the company's stock, valued at approximately $424,000.

Other large investors also recently made changes to their positions in the company. Pzena Investment Management LLC grew its holdings in Spectrum Brands by 1.7% in the 4th quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company's stock valued at $112,654,000 after buying an additional 22,484 shares in the last quarter. Callodine Capital Management LP grew its stake in shares of Spectrum Brands by 29.8% in the fourth quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock valued at $44,568,000 after acquiring an additional 121,000 shares in the last quarter. FIL Ltd increased its position in Spectrum Brands by 8.7% during the fourth quarter. FIL Ltd now owns 461,568 shares of the company's stock worth $38,998,000 after acquiring an additional 36,798 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Spectrum Brands by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after purchasing an additional 7,198 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of 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 purchasing an additional 113,238 shares in the last quarter.

Spectrum Brands Price Performance

NYSE:SPB traded down $0.74 on Friday, hitting $63.36. The company had a trading volume of 228,581 shares, compared to its average volume of 421,108. The firm has a 50 day moving average of $66.26 and a two-hundred day moving average of $79.41. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.70 and a beta of 1.00. Spectrum Brands Holdings, Inc. has a 52 week low of $56.50 and a 52 week high of $96.74. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The firm 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 company earned $1.62 EPS. Spectrum Brands's revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

Wall Street Analysts Forecast Growth

SPB has been the subject of several recent research reports. Royal Bank of Canada cut their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. UBS Group reduced their target price on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company dropped 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, Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their price objective for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned 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 price target of $95.43.

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.