LSV Asset Management Invests $35.22 Million in Spectrum Brands Holdings, Inc. (NYSE:SPB)

LSV Asset Management bought a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 441,463 shares of the company's stock, valued at approximately $35,216,000. LSV Asset Management owned about 1.43% of Spectrum Brands as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Spectrum Brands by 72.6% during the fourth quarter. Larson Financial Group LLC now owns 359 shares of the company's stock worth $29,000 after buying an additional 151 shares in the last quarter. International Assets Investment Management LLC raised its stake in Spectrum Brands by 1,713.6% during the fourth quarter. International Assets Investment Management LLC now owns 399 shares of the company's stock worth $32,000 after purchasing an additional 377 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Spectrum Brands by 53.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company's stock valued at $36,000 after buying an additional 160 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Spectrum Brands during the 4th quarter worth approximately $71,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Spectrum Brands during the 4th quarter valued at approximately $79,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SPB shares. Royal Bank of Canada lifted their target price on Spectrum Brands from $89.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Monness Crespi & Hardt increased their target price on shares of Spectrum Brands from $87.00 to $98.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Canaccord Genuity Group cut shares of Spectrum Brands from a "buy" rating to a "hold" rating and increased their price objective for the stock from $83.00 to $86.00 in a research report on Friday, February 9th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $86.00 price objective (up from $83.00) on shares of Spectrum Brands in a research note on Friday, February 9th. Finally, Wells Fargo & Company raised their target price on Spectrum Brands from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $89.17.

Spectrum Brands Stock Performance

Shares of Spectrum Brands stock traded up $1.72 on Monday, hitting $85.39. The stock had a trading volume of 325,438 shares, compared to its average volume of 364,519. The company's 50 day moving average price is $83.12 and its 200 day moving average price is $79.37. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 1.85, a P/E/G ratio of 0.58 and a beta of 1.20. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.60. Spectrum Brands Holdings, Inc. has a 52-week low of $65.27 and a 52-week high of $89.64.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.31 by $0.47. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The firm had revenue of $692.20 million during the quarter, compared to the consensus estimate of $674.20 million. During the same quarter in the prior year, the firm earned ($0.32) EPS. Spectrum Brands's revenue for the quarter was down 3.0% on a year-over-year basis. On average, research analysts anticipate that Spectrum Brands Holdings, Inc. will post 3.79 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.97%. Spectrum Brands's dividend payout ratio (DPR) 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.