Spectrum Brands Holdings Inc. (SPB) to Issue Quarterly Dividend of $0.38 on December 15th
Spectrum Brands Holdings Inc. (NYSE:SPB) declared a quarterly dividend on Tuesday, November 15th. Investors of record on Wednesday, November 30th will be given a dividend of 0.38 per share on Thursday, December 15th. This represents a $1.52 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, November 28th.
Spectrum Brands Holdings (NYSE:SPB) opened at 121.97 on Friday. The company has a 50-day moving average price of $131.68 and a 200 day moving average price of $126.00. Spectrum Brands Holdings has a 1-year low of $87.65 and a 1-year high of $138.95. The stock has a market cap of $7.25 billion, a P/E ratio of 20.36 and a beta of 0.71.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Thursday, November 17th. The company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.02. Spectrum Brands Holdings had a net margin of 6.74% and a return on equity of 17.80%. The business earned $1.25 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business posted $1.13 earnings per share. Spectrum Brands Holdings’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts expect that Spectrum Brands Holdings will post $5.80 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on SPB shares. Monness Crespi & Hardt raised their target price on shares of Spectrum Brands Holdings from $138.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday, September 29th. Jefferies Group reaffirmed a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, August 25th. Zacks Investment Research downgraded shares of Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Piper Jaffray Cos. started coverage on shares of Spectrum Brands Holdings in a research note on Thursday, September 1st. They set an “overweight” rating and a $147.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $141.50.
In other news, insider David M. Maura purchased 2,000 shares of Spectrum Brands Holdings stock in a transaction that occurred on Thursday, September 15th. The stock was bought at an average price of $127.47 per share, with a total value of $254,940.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.95% of the company’s stock.
Several large investors have recently made changes to their positions in SPB. Teachers Advisors Inc. increased its stake in shares of Spectrum Brands Holdings by 9.1% in the second quarter. Teachers Advisors Inc. now owns 21,651 shares of the company’s stock valued at $2,583,000 after buying an additional 1,799 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Spectrum Brands Holdings by 12.3% in the second quarter. TIAA CREF Investment Management LLC now owns 113,709 shares of the company’s stock valued at $13,567,000 after buying an additional 12,434 shares during the period. FMR LLC boosted its stake in shares of Spectrum Brands Holdings by 42.5% in the second quarter. FMR LLC now owns 2,707,671 shares of the company’s stock valued at $323,052,000 after buying an additional 806,895 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Spectrum Brands Holdings by 2.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 519,343 shares of the company’s stock valued at $61,963,000 after buying an additional 14,175 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in shares of Spectrum Brands Holdings by 147.6% in the second quarter. Credit Suisse AG now owns 57,403 shares of the company’s stock valued at $6,850,000 after buying an additional 34,216 shares in the last quarter. 47.28% of the stock is owned by institutional investors.
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About Spectrum Brands Holdings
Spectrum Brands Holdings, Inc (SBH) is a diversified consumer products company. The Company operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The Company’s Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products.
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