Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 22.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,299 shares of the company's stock after selling 19,900 shares during the period. Swiss National Bank owned about 0.23% of Spectrum Brands worth $5,608,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its position in shares of Spectrum Brands by 72.6% in the 4th quarter. Larson Financial Group LLC now owns 359 shares of the company's stock worth $29,000 after buying an additional 151 shares during the period. International Assets Investment Management LLC grew its holdings in Spectrum Brands by 1,713.6% in 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 holdings in 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 during the period. Fifth Third Bancorp bought a new position in shares of Spectrum Brands during the fourth quarter valued at approximately $71,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Spectrum Brands during the fourth quarter valued at approximately $79,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SPB shares. Oppenheimer raised their price objective on Spectrum Brands from $88.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, May 10th. Monness Crespi & Hardt lifted their price target on Spectrum Brands from $98.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 10th. Canaccord Genuity Group increased their price objective on shares of Spectrum Brands from $86.00 to $92.00 and gave the company a "hold" rating in a research report on Friday, May 10th. Canaccord Genuity Group cut shares of Spectrum Brands from a "buy" rating to a "hold" rating and lifted their target price for the stock from $83.00 to $86.00 in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Spectrum Brands from $85.00 to $91.00 and gave the company a "hold" rating in a report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $99.86.

Spectrum Brands Stock Performance

Shares of SPB stock traded down $1.31 during trading hours on Friday, reaching $92.04. The company had a trading volume of 270,606 shares, compared to its average volume of 384,168. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.05 and a current ratio of 3.73. The business has a fifty day moving average price of $84.91 and a 200-day moving average price of $80.24. Spectrum Brands Holdings, Inc. has a one year low of $65.27 and a one year high of $96.74. The firm has a market cap of $2.68 billion, a PE ratio of 1.87, a price-to-earnings-growth ratio of 0.41 and a beta of 1.20.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $1.13. The business had revenue of $718.50 million during the quarter, compared to the consensus estimate of $708.54 million. Spectrum Brands had a net margin of 68.11% and a return on equity of 6.43%. The firm's revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) EPS. Sell-side analysts predict that Spectrum Brands Holdings, Inc. will post 4.68 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 28th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.68 annualized dividend and a yield of 1.83%. Spectrum Brands's payout ratio is 3.40%.

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.