27,351 Shares in Spectrum Brands Holdings Inc. $SPB Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC purchased a new stake in Spectrum Brands Holdings Inc. (NYSE:SPB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,351 shares of the company’s stock, valued at approximately $1,437,000.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Spectrum Brands by 35.9% during the second quarter. American Century Companies Inc. now owns 1,792,765 shares of the company’s stock valued at $95,017,000 after acquiring an additional 473,345 shares during the period. Pzena Investment Management LLC increased its position in shares of Spectrum Brands by 10.5% during the 2nd quarter. Pzena Investment Management LLC now owns 1,474,451 shares of the company’s stock worth $78,146,000 after purchasing an additional 140,418 shares in the last quarter. Callodine Capital Management LP lifted its holdings in Spectrum Brands by 85.5% during the 2nd quarter. Callodine Capital Management LP now owns 1,354,057 shares of the company’s stock valued at $71,765,000 after purchasing an additional 624,057 shares during the last quarter. Armistice Capital LLC boosted its position in Spectrum Brands by 20.0% in the first quarter. Armistice Capital LLC now owns 691,000 shares of the company’s stock valued at $49,441,000 after buying an additional 115,143 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Spectrum Brands by 142.5% in the first quarter. AQR Capital Management LLC now owns 634,137 shares of the company’s stock valued at $44,592,000 after buying an additional 372,630 shares in the last quarter.

Spectrum Brands Stock Performance

Shares of Spectrum Brands stock opened at $60.13 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $57.19 and a 200 day simple moving average of $55.53. Spectrum Brands Holdings Inc. has a fifty-two week low of $49.99 and a fifty-two week high of $87.23. The firm has a market cap of $1.41 billion, a P/E ratio of 15.18 and a beta of 0.73.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, November 13th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $1.84. The firm had revenue of $733.50 million for the quarter, compared to analyst estimates of $738.57 million. Spectrum Brands had a return on equity of 7.29% and a net margin of 3.56%.The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, November 24th. Spectrum Brands’s payout ratio is currently 47.47%.

Analysts Set New Price Targets

SPB has been the subject of several recent analyst reports. Wall Street Zen raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Spectrum Brands in a research report on Monday, December 22nd. Wells Fargo & Company raised their price target on Spectrum Brands from $55.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. Finally, Canaccord Genuity Group boosted their price objective on Spectrum Brands from $75.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Spectrum Brands presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.