8,500 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Purchased by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. 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 filing with the Securities & Exchange Commission. The fund bought 8,500 shares of the company's stock, valued at approximately $718,000.

Several other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC raised its stake in shares of Spectrum Brands by 1.7% during the 4th quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company's stock worth $112,654,000 after acquiring an additional 22,484 shares in the last quarter. State Street Corp boosted its position in shares of Spectrum Brands by 1.3% in the 3rd quarter. State Street Corp now owns 590,222 shares of the company's stock worth $56,154,000 after purchasing an additional 7,783 shares in the last quarter. FIL Ltd grew its stake in Spectrum Brands by 8.7% during the 4th quarter. FIL Ltd now owns 461,568 shares of the company's stock worth $38,998,000 after buying an additional 36,798 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Spectrum Brands by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock valued at $38,089,000 after acquiring an additional 7,198 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Spectrum Brands by 7.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 223,423 shares of the company's stock worth $18,877,000 after buying an additional 15,703 shares during the last quarter.

Spectrum Brands Price Performance

Shares of Spectrum Brands stock traded up $0.56 during trading hours on Friday, reaching $59.71. The stock had a trading volume of 398,590 shares, compared to its average volume of 405,961. The stock's 50 day moving average is $70.64 and its 200 day moving average is $82.10. 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 Holdings, Inc. has a twelve month low of $57.93 and a twelve month high of $96.74. The firm has a market capitalization of $1.57 billion, a PE ratio of 14.67, a PEG ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the prior year, the business posted $0.78 earnings per share. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 3.15%. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SPB shares. UBS Group cut their target price on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a report on Wednesday. Royal Bank of Canada dropped their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and boosted their target price for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Spectrum Brands has a consensus 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.