Gargoyle Investment Advisor L.L.C. Holds Stake in Spectrum Brands Holdings, Inc. (SPB)

Gargoyle Investment Advisor L.L.C. maintained its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the second quarter, Holdings Channel reports. The institutional investor owned 17,264 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Spectrum Brands Holdings were worth $2,159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPB. Breton Hill Capital Ltd. increased its position in Spectrum Brands Holdings by 165.5% in the first quarter. Breton Hill Capital Ltd. now owns 5,629 shares of the company’s stock valued at $782,000 after buying an additional 3,509 shares during the period. Russell Investments Group Ltd. increased its position in Spectrum Brands Holdings by 44.0% in the first quarter. Russell Investments Group Ltd. now owns 171,318 shares of the company’s stock valued at $23,814,000 after buying an additional 52,386 shares during the period. ARP Americas LLC acquired a new position in Spectrum Brands Holdings during the first quarter valued at approximately $220,000. Strs Ohio increased its position in Spectrum Brands Holdings by 18.7% in the first quarter. Strs Ohio now owns 95,365 shares of the company’s stock valued at $13,256,000 after buying an additional 15,000 shares during the period. Finally, Shell Asset Management Co. increased its position in Spectrum Brands Holdings by 6.7% in the first quarter. Shell Asset Management Co. now owns 12,314 shares of the company’s stock valued at $1,712,000 after buying an additional 777 shares during the period. 48.15% of the stock is owned by institutional investors.

Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 110.48 on Friday. The company has a market capitalization of $6.41 billion, a P/E ratio of 22.62 and a beta of 0.66. Spectrum Brands Holdings, Inc. has a one year low of $108.30 and a one year high of $146.09. The firm has a 50-day moving average of $120.32 and a 200 day moving average of $131.66.

Spectrum Brands Holdings (NYSE:SPB) last issued its earnings results on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $1.73 EPS. Spectrum Brands Holdings’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Spectrum Brands Holdings, Inc. will post $5.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 1.52%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is currently 34.29%.

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Several research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Spectrum Brands Holdings in a report on Friday, April 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands Holdings in a report on Tuesday, May 2nd. BMO Capital Markets set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Deutsche Bank AG cut their price objective on shares of Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Finally, BidaskClub downgraded shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Spectrum Brands Holdings currently has an average rating of “Buy” and a consensus target price of $143.88.

About Spectrum Brands Holdings

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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