Lido Advisors LLC Buys 5,713 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Lido Advisors LLC lifted its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 769.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,455 shares of the company's stock after acquiring an additional 5,713 shares during the period. 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 institutional investors have also modified their holdings of SPB. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands during the fourth quarter worth $50,000. Blue Trust Inc. lifted its stake in shares of Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after acquiring an additional 375 shares during the period. KBC Group NV boosted its holdings in shares of Spectrum Brands by 46.3% in the fourth quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after acquiring an additional 390 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in shares of Spectrum Brands during the fourth quarter worth about $237,000. Finally, City Center Advisors LLC purchased a new position in Spectrum Brands during the fourth quarter worth about $306,000.

Spectrum Brands Stock Up 3.5 %

Spectrum Brands stock traded up $2.18 during trading hours on Thursday, hitting $64.06. The company had a trading volume of 862,010 shares, compared to its average volume of 421,778. The firm has a market capitalization of $1.69 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. The firm's fifty day moving average is $66.48 and its 200-day moving average is $79.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. Spectrum Brands Holdings, Inc. has a fifty-two week low of $56.00 and a fifty-two week high of $96.74.

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 the consensus estimate of $1.35 by ($0.67). Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. 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 prior year, the firm posted $1.62 EPS. Spectrum Brands's revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, May 27th. Spectrum Brands's payout ratio is 46.19%.

Wall Street Analyst Weigh In

A number of research firms have commented on SPB. Wells Fargo & Company reduced 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, April 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their target price for the company from $94.00 to $102.00 in a report on Friday, February 7th. UBS Group decreased their price target on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Royal Bank of Canada dropped their price objective 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $95.43.

About Spectrum Brands

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.