---
title: "Sherbrooke Park Advisers LLC Invests $1.06 Million in Spectrum Brands Holdings, Inc. (NYSE:SPB)"
description: "Sherbrooke Park Advisers LLC has invested $1.06 million in Spectrum Brands Holdings, Inc. (NYSE:SPB) by acquiring 12,498 shares in the 4th quarter. Other investors, including Pzena Investment Manageme"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/240705919.md"
published_at: "2025-05-18T11:29:57.000Z"
---

# Sherbrooke Park Advisers LLC Invests $1.06 Million in Spectrum Brands Holdings, Inc. (NYSE:SPB)

> Sherbrooke Park Advisers LLC has invested $1.06 million in Spectrum Brands Holdings, Inc. (NYSE:SPB) by acquiring 12,498 shares in the 4th quarter. Other investors, including Pzena Investment Management and Callodine Capital Management, have also increased their stakes in the company. Spectrum Brands recently reported earnings of $0.68 per share, missing estimates, and announced a quarterly dividend of $0.47 per share. Analysts have adjusted their price targets for the stock, with some upgrades and downgrades noted.

Sherbrooke Park Advisers LLC bought a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,498 shares of the company's stock, valued at approximately $1,056,000.

Get **Spectrum Brands** alerts:

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Several other large investors have also added to or reduced their stakes in the stock. 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 valued at $112,654,000 after buying an additional 22,484 shares in the last quarter. Callodine Capital Management LP raised its holdings in shares of Spectrum Brands by 29.8% during the 4th quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock valued at $44,568,000 after buying an additional 121,000 shares in the last quarter. FIL Ltd raised its holdings in shares of Spectrum Brands by 8.7% during the 4th quarter. FIL Ltd now owns 461,568 shares of the company's stock valued at $38,998,000 after buying an additional 36,798 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Spectrum Brands by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after purchasing an additional 7,198 shares during the period. Finally, Man Group plc increased its stake in Spectrum Brands by 160.5% in the 4th quarter. Man Group plc now owns 320,178 shares of the company's stock worth $27,052,000 after purchasing an additional 197,263 shares during the period.

## Spectrum Brands Trading Down 0.7%

SPB opened at $64.56 on Friday. The stock's fifty day moving average is $65.34 and its two-hundred day moving average is $78.56. The company has a market capitalization of $1.70 billion, a P/E ratio of 15.86, a PEG ratio of 1.70 and a beta of 1.00. Spectrum Brands Holdings, Inc. has a 52 week low of $56.50 and a 52 week high of $96.62. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

-   Spectrum Brands Digesting Gains From Its One-Day Gain Of 17.79%

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). The company had revenue of $675.70 million during the quarter, compared to analysts' expectations of $701.00 million. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The company's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. Analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

## Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. Spectrum Brands's payout ratio is currently 89.95%.

## Analysts Set New Price Targets

-   Undervalued Spectrum Brands Moves Higher After Upgrade

A number of brokerages have commented on SPB. Monness Crespi & Hardt decreased their price target on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Royal Bank of Canada cut their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, UBS Group lifted their price objective on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.17.

**Get Our Latest Stock Report on Spectrum Brands**

## Spectrum Brands Profile

(Free Report)

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.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
