Assenagon Asset Management S.A. Raises Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Assenagon Asset Management S.A. lifted its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 46.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 95,372 shares of the company's stock after purchasing an additional 30,171 shares during the quarter. Assenagon Asset Management S.A. owned about 0.27% of Spectrum Brands worth $7,608,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of Spectrum Brands by 53.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company's stock worth $36,000 after purchasing an additional 160 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Spectrum Brands by 31.7% in the 1st quarter. Captrust Financial Advisors now owns 503 shares of the company's stock worth $45,000 after acquiring an additional 121 shares during the period. MetLife Investment Management LLC lifted its position in shares of Spectrum Brands by 1,012.7% during the 1st quarter. MetLife Investment Management LLC now owns 879 shares of the company's stock worth $78,000 after buying an additional 800 shares during the period. USA Financial Formulas bought a new position in shares of Spectrum Brands during the 3rd quarter worth approximately $101,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Spectrum Brands during the 3rd quarter worth approximately $122,000.

Wall Street Analyst Weigh In

SPB has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on Spectrum Brands from $89.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, February 9th. Monness Crespi & Hardt raised their price target on Spectrum Brands from $87.00 to $98.00 and gave the company a "buy" rating in a report on Friday, February 9th. Wells Fargo & Company raised their price target on Spectrum Brands from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Friday, February 9th. StockNews.com raised Spectrum Brands from a "sell" rating to a "hold" rating in a research note on Saturday, December 30th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $86.00 target price (up from $83.00) on shares of Spectrum Brands in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $88.86.

Spectrum Brands Trading Up 0.1 %

Shares of Spectrum Brands stock traded up $0.10 during trading on Friday, reaching $89.01. 262,783 shares of the company were exchanged, compared to its average volume of 404,272. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.60. Spectrum Brands Holdings, Inc. has a twelve month low of $59.42 and a twelve month high of $89.64. The business has a 50-day moving average price of $82.78 and a 200-day moving average price of $78.53. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 1.93, a P/E/G ratio of 0.62 and a beta of 1.19.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.47. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The business had revenue of $692.20 million during the quarter, compared to analysts' expectations of $674.20 million. During the same period in the previous year, the firm earned ($0.32) earnings per share. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 3.79 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, February 16th. This represents a $1.68 annualized dividend and a yield of 1.89%. Spectrum Brands's dividend payout ratio is presently 3.65%.

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.