Versor Investments LP Takes Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Versor Investments LP purchased a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 4th quarter, Holdings Channel.com reports. The firm purchased 3,914 shares of the company’s stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Spectrum Brands in the fourth quarter worth $2,463,000. Ieq Capital LLC bought a new position in Spectrum Brands in the 4th quarter worth about $562,000. State of New Jersey Common Pension Fund D grew its position in Spectrum Brands by 8.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 23,257 shares of the company’s stock valued at $1,965,000 after purchasing an additional 1,780 shares during the last quarter. Legato Capital Management LLC increased its stake in Spectrum Brands by 2.2% during the 4th quarter. Legato Capital Management LLC now owns 9,299 shares of the company’s stock valued at $786,000 after purchasing an additional 198 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new stake in Spectrum Brands during the 4th quarter valued at about $237,000.

Spectrum Brands Trading Down 3.0 %

NYSE:SPB opened at $75.08 on Tuesday. The company has a market cap of $1.98 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $82.17 and a two-hundred day simple moving average of $88.19. Spectrum Brands Holdings, Inc. has a 12 month low of $74.72 and a 12 month high of $96.74.

Spectrum Brands (NYSE:SPB) 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. Research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Tuesday, February 18th. Spectrum Brands’s payout ratio is currently 46.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $94.00 to $102.00 in a report on Friday, February 7th. Royal Bank of Canada cut their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. UBS Group reduced their target price on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Spectrum Brands presently has an average rating of “Moderate Buy” and a consensus target price of $103.43.

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.