Spectrum Brands Holdings Inc. $SPB Shares Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. raised its position in shares of Spectrum Brands Holdings Inc. (NYSE:SPB) by 91.7% during the 4th quarter, Holdings Channel reports. The firm owned 47,935 shares of the company’s stock after buying an additional 22,935 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Spectrum Brands were worth $2,832,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of SPB. Amundi acquired a new stake in shares of Spectrum Brands during the first quarter worth about $176,000. Millennium Management LLC boosted its position in Spectrum Brands by 64.7% in the first quarter. Millennium Management LLC now owns 166,496 shares of the company’s stock valued at $11,913,000 after buying an additional 65,424 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Spectrum Brands by 173.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,389 shares of the company’s stock worth $386,000 after buying an additional 3,415 shares during the period. Goldman Sachs Group Inc. increased its holdings in Spectrum Brands by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 393,084 shares of the company’s stock worth $28,125,000 after buying an additional 114,143 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Spectrum Brands by 6.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 111,571 shares of the company’s stock worth $7,983,000 after buying an additional 6,321 shares during the last quarter.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Spectrum Brands from $62.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Oppenheimer increased their price objective on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Spectrum Brands in a report on Monday, December 29th. Finally, Royal Bank Of Canada set a $85.00 target price on shares of Spectrum Brands in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Spectrum Brands has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Spectrum Brands Stock Performance

SPB opened at $73.66 on Friday. The firm has a fifty day moving average price of $72.90 and a 200 day moving average price of $62.25. Spectrum Brands Holdings Inc. has a 1 year low of $49.99 and a 1 year high of $80.42. The stock has a market cap of $1.71 billion, a P/E ratio of 17.01, a P/E/G ratio of 2.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 1.38.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 5th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $0.77 by $0.63. Spectrum Brands had a net margin of 3.76% and a return on equity of 7.65%. The company had revenue of $677.00 million for the quarter, compared to analyst estimates of $667.59 million. During the same quarter last year, the business earned $1.02 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Equities research analysts anticipate that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, February 17th. Spectrum Brands’s payout ratio is presently 43.42%.

Spectrum Brands Company 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.