33,356 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,356 shares of the company’s stock, valued at approximately $2,818,000. Dark Forest Capital Management LP owned about 0.12% of Spectrum Brands at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Spectrum Brands in the 4th quarter valued at $50,000. Blue Trust Inc. increased its holdings in shares of Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after acquiring an additional 375 shares in the last quarter. KBC Group NV increased its holdings in shares of Spectrum Brands by 46.3% in the fourth quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after acquiring an additional 390 shares in the last quarter. Summit Trail Advisors LLC bought a new position in shares of Spectrum Brands during the 4th quarter valued at about $237,000. Finally, City Center Advisors LLC acquired a new position in shares of Spectrum Brands in the 4th quarter valued at approximately $306,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SPB shares. UBS Group cut their price target on shares of Spectrum Brands from $106.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada decreased their price objective on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Spectrum Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.43.

Spectrum Brands Stock Up 2.3 %

Spectrum Brands stock opened at $60.34 on Wednesday. Spectrum Brands Holdings, Inc. has a fifty-two week low of $57.66 and a fifty-two week high of $96.74. The firm has a market capitalization of $1.59 billion, a PE ratio of 14.83, a P/E/G ratio of 1.70 and a beta of 1.03. The company’s 50-day moving average is $69.92 and its 200-day moving average is $81.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period last year, the business earned $0.78 EPS. Sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is 46.19%.

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.