Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Bought by TCW Group Inc.

TCW Group Inc. raised its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 25.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,861 shares of the company’s stock after acquiring an additional 25,551 shares during the quarter. TCW Group Inc.’s holdings in Spectrum Brands were worth $10,901,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPB. Fidelis Capital Partners LLC acquired a new stake in Spectrum Brands in the first quarter valued at $27,000. Larson Financial Group LLC raised its stake in shares of Spectrum Brands by 72.6% during 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 last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Spectrum Brands during the 1st quarter worth $30,000. International Assets Investment Management LLC raised its stake in shares of Spectrum Brands by 1,713.6% during 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 last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Spectrum Brands by 1,923.8% during the 2nd quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock worth $37,000 after buying an additional 404 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Monness Crespi & Hardt boosted their target price on shares of Spectrum Brands from $98.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Canaccord Genuity Group cut their target price on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Monday, July 1st. UBS Group lifted their price target on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 9th. Wells Fargo & Company lifted their price target on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $114.00 price target on shares of Spectrum Brands in a report on Friday, June 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.88.

Spectrum Brands Trading Up 0.1 %

Shares of NYSE:SPB traded up $0.08 during trading on Friday, reaching $91.08. 247,956 shares of the stock were exchanged, compared to its average volume of 426,206. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.28. Spectrum Brands Holdings, Inc. has a 12-month low of $65.27 and a 12-month high of $96.74. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 1.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.19. The firm’s 50-day moving average price is $86.23 and its 200 day moving average price is $85.44.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, August 8th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). Spectrum Brands had a return on equity of 6.84% and a net margin of 3.86%. The firm had revenue of $779.40 million for the quarter, compared to analysts’ expectations of $750.97 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.78 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, August 27th. Spectrum Brands’s payout ratio is currently 3.40%.

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.