LSV Asset Management Sells 70,150 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

LSV Asset Management decreased its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 645,030 shares of the company's stock after selling 70,150 shares during the period. LSV Asset Management owned about 2.36% of Spectrum Brands worth $54,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPB. Steward Partners Investment Advisory LLC bought a new position in shares of Spectrum Brands during the fourth quarter valued at approximately $50,000. Blue Trust Inc. boosted its position in shares of Spectrum Brands by 46.5% during the fourth 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 last quarter. KBC Group NV boosted its position in shares of Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after acquiring an additional 390 shares during the last quarter. M&T Bank Corp purchased a new position in Spectrum Brands in the third quarter worth about $221,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Spectrum Brands during the 4th quarter worth about $237,000.

Spectrum Brands Stock Performance

Spectrum Brands stock traded down $0.46 during mid-day trading on Wednesday, hitting $59.97. 129,000 shares of the company's stock traded hands, compared to its average volume of 402,410. Spectrum Brands Holdings, Inc. has a one year low of $57.93 and a one year high of $96.74. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $71.69 and a 200 day moving average price of $82.81. The company has a market cap of $1.58 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the prior year, the company earned $0.78 EPS. On average, equities analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current 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 issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.13%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is 46.19%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group decreased their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Wells Fargo & Company dropped their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Royal Bank of Canada decreased their price objective on 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 report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.14.

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.