Anchor Capital Advisors LLC Raises Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Anchor Capital Advisors LLC grew its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,023 shares of the company’s stock after purchasing an additional 2,729 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Spectrum Brands were worth $1,198,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Spectrum Brands during the 4th quarter worth about $1,424,000. Qube Research & Technologies Ltd purchased a new position in Spectrum Brands in the third quarter valued at approximately $4,452,000. Fifth Third Bancorp purchased a new position in Spectrum Brands in the fourth quarter valued at approximately $71,000. California Public Employees Retirement System lifted its position in shares of Spectrum Brands by 32.5% during the 3rd quarter. California Public Employees Retirement System now owns 72,330 shares of the company’s stock worth $5,667,000 after buying an additional 17,753 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Spectrum Brands by 5.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 152,745 shares of the company’s stock valued at $11,968,000 after buying an additional 8,431 shares in the last quarter.

Spectrum Brands Price Performance

NYSE:SPB traded up $0.01 during trading hours on Tuesday, reaching $82.34. 38,202 shares of the company traded hands, compared to its average volume of 364,958. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.36 and a quick ratio of 2.75. The firm’s 50-day moving average is $82.83 and its 200-day moving average is $79.14. The stock has a market cap of $2.49 billion, a P/E ratio of 1.79, a P/E/G ratio of 0.57 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 1-year low of $64.82 and a 1-year high of $89.64.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.47. The business had revenue of $692.20 million for the quarter, compared to the consensus estimate of $674.20 million. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.32) earnings per share. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.04%. Spectrum Brands’s dividend payout ratio (DPR) is presently 3.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SPB shares. Monness Crespi & Hardt lifted their target price on Spectrum Brands from $87.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Canaccord Genuity Group cut Spectrum Brands from a “buy” rating to a “hold” rating and boosted their price objective for the company from $83.00 to $86.00 in a research note on Friday, February 9th. Royal Bank of Canada raised their target price on shares of Spectrum Brands from $89.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Wells Fargo & Company upped their price target on shares of Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $86.00 price objective (up from $83.00) on shares of Spectrum Brands in a research report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $89.17.

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.