Lecap Asset Management Ltd. Invests $829,000 in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Lecap Asset Management Ltd. acquired a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,814 shares of the company’s stock, valued at approximately $829,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Spectrum Brands during the 3rd quarter valued at $222,000. CWM LLC boosted its stake in Spectrum Brands by 151.7% during the third quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $179,000 after buying an additional 1,133 shares in the last quarter. nVerses Capital LLC grew its holdings in Spectrum Brands by 28.6% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $171,000 after acquiring an additional 400 shares during the period. West Oak Capital LLC raised its position in Spectrum Brands by 48.8% in the third quarter. West Oak Capital LLC now owns 26,984 shares of the company’s stock worth $2,567,000 after acquiring an additional 8,855 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Spectrum Brands by 410.8% in the 3rd quarter. Blue Trust Inc. now owns 807 shares of the company’s stock valued at $77,000 after acquiring an additional 649 shares during the last quarter.

Spectrum Brands Stock Performance

Shares of SPB stock opened at $78.19 on Friday. The stock’s fifty day simple moving average is $86.57 and its 200-day simple moving average is $89.04. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.36 and a beta of 1.20. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. Spectrum Brands Holdings, Inc. has a 1-year low of $75.94 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.34% and a net margin of 4.01%. During the same period in the prior year, the business posted $0.78 EPS. On average, sell-side analysts predict that Spectrum Brands Holdings, Inc. will post 5.17 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.40%. Spectrum Brands’s payout ratio is 46.19%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPB. UBS Group lowered their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and increased their price objective for the company from $94.00 to $102.00 in a research report on Friday. Wells Fargo & Company decreased their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Wedbush raised Spectrum Brands from a “neutral” rating to an “outperform” rating and upped their target price for the company from $6.00 to $10.00 in a report on Friday. Finally, Royal Bank of Canada dropped their price target on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.11.

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.