Victory Capital Management Inc. boosted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 19.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,734 shares of the company’s stock after buying an additional 1,743 shares during the period. Victory Capital Management Inc.’s holdings in Spectrum Brands Holdings were worth $1,342,000 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. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Spectrum Brands Holdings during the second quarter worth $100,000. Daiwa Securities Group Inc. raised its position in Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after purchasing an additional 200 shares during the period. Invictus RG purchased a new stake in Spectrum Brands Holdings in the first quarter valued at $156,000. SG Americas Securities LLC raised its position in Spectrum Brands Holdings by 50.6% in the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after purchasing an additional 533 shares during the period. Finally, TD Asset Management Inc. purchased a new stake in Spectrum Brands Holdings in the first quarter valued at $211,000. 47.01% of the stock is currently owned by institutional investors.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 106.21 on Thursday. The firm’s 50-day moving average price is $110.18 and its 200 day moving average price is $127.78. The stock has a market cap of $6.16 billion, a P/E ratio of 21.75 and a beta of 0.68. Spectrum Brands Holdings, Inc. has a one year low of $102.27 and a one year high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.21). Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $1.73 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post $5.60 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.

A number of equities research analysts have commented on the company. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands Holdings in a research report on Wednesday, August 30th. BidaskClub upgraded Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Deutsche Bank AG restated a “buy” rating and issued a $131.00 target price (down previously from $149.00) on shares of Spectrum Brands Holdings in a research report on Monday, July 31st. Jefferies Group LLC set a $143.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, Royal Bank Of Canada set a $155.00 target price on Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $146.38.

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Spectrum Brands Holdings Company Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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Institutional Ownership by Quarter for Spectrum Brands Holdings (NYSE:SPB)

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