Barclays PLC Decreases Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

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

Several other institutional investors have also recently made changes to their positions in SPB. Wealthfront Advisers LLC purchased a new stake in shares of Spectrum Brands in the 4th quarter valued at $16,606,000. Trexquant Investment LP grew its stake in shares of Spectrum Brands by 2,541.2% during the fourth quarter. Trexquant Investment LP now owns 148,698 shares of the company's stock valued at $12,563,000 after buying an additional 143,068 shares during the last quarter. Norges Bank bought a new stake in shares of Spectrum Brands in the 4th quarter valued at about $7,062,000. Renaissance Technologies LLC boosted its holdings in Spectrum Brands by 84.0% during the 4th quarter. Renaissance Technologies LLC now owns 148,984 shares of the company's stock valued at $12,588,000 after acquiring an additional 68,000 shares during the period. Finally, ExodusPoint Capital Management LP grew its position in Spectrum Brands by 233.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 88,539 shares of the company's stock worth $7,481,000 after acquiring an additional 61,984 shares during the last quarter.

Spectrum Brands Stock Performance

Shares of SPB stock traded up $1.33 during trading hours on Friday, reaching $64.40. The company had a trading volume of 472,073 shares, compared to its average volume of 414,370. Spectrum Brands Holdings, Inc. has a one year low of $57.66 and a one year high of $96.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The business has a fifty day moving average price of $67.37 and a 200-day moving average price of $80.10. The firm has a market cap of $1.69 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period last year, the company earned $0.78 earnings per share. Sell-side analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. Spectrum Brands's dividend payout ratio is currently 46.19%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPB. UBS Group lowered their price objective on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their target price for the company from $94.00 to $102.00 in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Royal Bank of Canada dropped their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note 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 $95.43.

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.