Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by Barclays PLC

Barclays PLC decreased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,822 shares of the company's stock after selling 4,585 shares during the period. Barclays PLC owned about 0.11% of Spectrum Brands worth $2,603,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. raised its position in Spectrum Brands by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 14,792 shares of the company's stock worth $1,356,000 after buying an additional 381 shares during the last quarter. Everence Capital Management Inc. bought a new position in Spectrum Brands during the fourth quarter valued at approximately $553,000. City Center Advisors LLC purchased a new stake in Spectrum Brands in the fourth quarter worth approximately $306,000. West Oak Capital LLC grew its position in Spectrum Brands by 1.4% in the 4th quarter. West Oak Capital LLC now owns 27,359 shares of the company's stock worth $2,312,000 after purchasing an additional 375 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Spectrum Brands by 478.4% during the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock valued at $1,141,000 after buying an additional 11,166 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPB. Royal Bank of Canada dropped their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and upped their price target for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, UBS Group lowered their price target on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.43.

Spectrum Brands Price Performance

SPB stock traded down $1.83 during midday trading on Tuesday, hitting $63.07. The company's stock had a trading volume of 694,150 shares, compared to its average volume of 416,506. 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 market capitalization of $1.66 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. The company has a 50 day moving average of $66.80 and a two-hundred day moving average of $79.72. Spectrum Brands Holdings, Inc. has a 12 month low of $57.66 and a 12 month high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping 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 last year, the firm posted $0.78 earnings per share. On average, analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.98%. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

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.