Lido Advisors LLC Has $545,000 Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Lido Advisors LLC lifted its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 769.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,455 shares of the company's stock after purchasing an additional 5,713 shares during the quarter. Lido Advisors LLC's holdings in Spectrum Brands were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Spectrum Brands by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock valued at $38,089,000 after purchasing an additional 7,198 shares during the period. Empowered Funds LLC purchased a new stake in shares of Spectrum Brands in the 4th quarter valued at about $387,000. Everence Capital Management Inc. acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at approximately $553,000. SG Americas Securities LLC boosted its stake in Spectrum Brands by 478.4% during the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock worth $1,141,000 after purchasing an additional 11,166 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in shares of Spectrum Brands during the fourth quarter worth about $16,606,000.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada cut their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. UBS Group boosted their price target on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company decreased their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and upped their price objective for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.71.

Spectrum Brands Price Performance

Spectrum Brands stock traded down $2.27 during midday trading on Friday, hitting $61.83. The company's stock had a trading volume of 663,349 shares, compared to its average volume of 416,345. The company has a market capitalization of $1.63 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. Spectrum Brands Holdings, Inc. has a 12 month low of $56.50 and a 12 month high of $96.62. The stock's 50-day moving average price is $66.03 and its 200-day moving average price is $79.15. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.67). Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The business had revenue of $675.70 million for the quarter, compared to analyst estimates of $701.00 million. During the same period in the previous year, the firm posted $1.62 earnings per share. The firm's quarterly revenue was down 6.0% on a year-over-year basis. Analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.88 annualized dividend and a dividend yield of 3.04%. Spectrum Brands's dividend payout ratio is presently 46.19%.

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.