Fox Run Management L.L.C. Purchases 185 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Fox Run Management L.L.C. increased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,645 shares of the company’s stock after buying an additional 185 shares during the period. Fox Run Management L.L.C.’s holdings in Spectrum Brands were worth $308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in shares of Spectrum Brands by 1.7% during the 4th quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company’s stock worth $112,654,000 after acquiring an additional 22,484 shares in the last quarter. State Street Corp increased its position in Spectrum Brands by 1.3% in the third quarter. State Street Corp now owns 590,222 shares of the company’s stock worth $56,154,000 after purchasing an additional 7,783 shares during the last quarter. Wellington Management Group LLP raised its stake in Spectrum Brands by 7.6% during the third quarter. Wellington Management Group LLP now owns 513,025 shares of the company’s stock valued at $48,809,000 after purchasing an additional 36,063 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Spectrum Brands by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock valued at $38,089,000 after purchasing an additional 7,198 shares during the last quarter. Finally, Systematic Financial Management LP grew its stake in shares of Spectrum Brands by 7.5% in the 3rd quarter. Systematic Financial Management LP now owns 346,005 shares of the company’s stock worth $32,919,000 after buying an additional 24,083 shares in the last quarter.

Wall Street Analysts Forecast Growth

SPB has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada lowered their price objective on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and boosted their target price for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, UBS Group lowered their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Spectrum Brands presently has an average rating of “Moderate Buy” and a consensus target price of $103.43.

Spectrum Brands Stock Performance

Shares of Spectrum Brands stock opened at $71.52 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $77.70 and its two-hundred day moving average is $85.70. Spectrum Brands Holdings, Inc. has a 52 week low of $68.74 and a 52 week high of $96.74. The company has a market capitalization of $1.88 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the prior year, the firm posted $0.78 EPS. As a group, analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is presently 46.19%.

Spectrum Brands 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.