Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 154.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,100 shares of the company’s stock after buying an additional 76,600 shares during the quarter. First Eagle Investment Management LLC owned about 0.42% of Spectrum Brands worth $11,224,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPB. Fidelis Capital Partners LLC purchased a new position in shares of Spectrum Brands during the 1st quarter worth $27,000. Larson Financial Group LLC raised 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. Central Pacific Bank Trust Division purchased a new position in shares of Spectrum Brands in the 1st quarter worth $30,000. International Assets Investment Management LLC raised its position in shares of Spectrum Brands by 1,713.6% in the 4th quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock worth $32,000 after buying an additional 377 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of Spectrum Brands in the 4th quarter worth $71,000.

Spectrum Brands Stock Performance

Shares of NYSE:SPB traded down $0.15 on Friday, hitting $84.27. 97,809 shares of the company were exchanged, compared to its average volume of 417,476. The company’s 50 day moving average price is $88.70 and its two-hundred day moving average price is $84.33. Spectrum Brands Holdings, Inc. has a one year low of $65.27 and a one year high of $96.74. 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 firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 1.71, a PEG ratio of 0.37 and a beta of 1.19.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, May 9th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $1.13. Spectrum Brands had a net margin of 68.11% and a return on equity of 6.43%. The company had revenue of $718.50 million for the quarter, compared to the consensus estimate of $708.54 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. The business’s revenue was down 1.5% compared to the same quarter last year. Research analysts expect that Spectrum Brands Holdings, Inc. will post 4.68 earnings per share for the current year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.68 annualized dividend and a yield of 1.99%. Spectrum Brands’s dividend payout ratio is 3.40%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Spectrum Brands from $85.00 to $91.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $114.00 price target on shares of Spectrum Brands in a report on Friday, June 7th. Wells Fargo & Company cut their price target on Spectrum Brands from $95.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Monness Crespi & Hardt lifted their price target on Spectrum Brands from $98.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Oppenheimer boosted their target price on Spectrum Brands from $88.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.43.

Spectrum Brands 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.