Spectrum Brands (NYSE:SPB) Stock Gets Price Target Cut from Canaccord Genuity Group

Spectrum Brands (NYSE:SPB) had its price target dropped by equities research analysts at Canaccord Genuity Group from $110.00 to $105.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target would suggest a potential upside of 18.59% from the company’s previous close.

SPB has been the topic of a number of other research reports. Monness Crespi & Hardt lifted their price objective on shares of Spectrum Brands from $86.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Spectrum Brands in a research report on Wednesday, November 4th. Royal Bank Of Canada cut shares of Spectrum Brands from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $85.00 to $92.00 in a research report on Monday, August 10th. Oppenheimer raised their target price on shares of Spectrum Brands from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded shares of Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $97.14.

Spectrum Brands Price Performance

SPB opened at $88.54 on Friday. The business’s 50-day moving average is $83.02 and its two-hundred day moving average is $81.42. Spectrum Brands has a 1 year low of $53.21 and a 1 year high of $99.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.41 and a quick ratio of 1.61. The firm has a market capitalization of $2.04 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.16 and a beta of 0.81.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, November 12th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.49. The business had revenue of $713.20 million during the quarter, compared to the consensus estimate of $717.98 million. Spectrum Brands had a net margin of 2.76% and a return on equity of 10.06%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.61 earnings per share. Research analysts anticipate that Spectrum Brands will post 6.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. First Trust Advisors LP boosted its stake in shares of Spectrum Brands by 4.7% in the third quarter. First Trust Advisors LP now owns 71,909 shares of the company’s stock worth $5,718,000 after buying an additional 3,219 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in Spectrum Brands during the third quarter worth about $11,911,000. Landscape Capital Management L.L.C. grew its holdings in Spectrum Brands by 278.1% during the third quarter. Landscape Capital Management L.L.C. now owns 11,871 shares of the company’s stock worth $944,000 after acquiring an additional 8,731 shares during the period. Diversified Trust Co purchased a new position in Spectrum Brands during the third quarter valued at approximately $462,000. Finally, Fifth Third Bancorp raised its position in Spectrum Brands by 7.4% during the third quarter. Fifth Third Bancorp now owns 12,746 shares of the company’s stock valued at $1,013,000 after acquiring an additional 879 shares in the last quarter.

Trending Headlines about Spectrum Brands

Investors following SPB have been watching these headlines:

• Positive Sentiment: Adjusted Q4 EPS was $1.39, ahead of the roughly $0.90 analyst consensus. The earnings beat may support investor sentiment, although EPS was below $2.61 a year earlier. Spectrum Brands Surpasses Q4 Earnings Estimates
• Neutral Sentiment: Empower Brands, jointly owned by Spectrum Brands and Oaktree, is pressing Helen of Troy to engage on its acquisition proposal. Helen of Troy’s board unanimously rejected the unsolicited, non-binding offer, leaving the deal’s prospects uncertain; a transaction could offer strategic potential but also carry execution and financing risks. Empower Brands’ Open Letter Helen of Troy’s Statement
• Negative Sentiment: Q4 revenue of $713.2 million fell 2.8% year over year and came in below analyst expectations. For fiscal 2027, Spectrum expects net sales to be flat to up by low-single digits and plans to offset about $80 million in inflation headwinds, signaling limited near-term growth and cost pressure. Q4 Results Fiscal 2027 Outlook

About Spectrum Brands

Spectrum Brands Holdings, Inc. is a global consumer products company that develops, manufactures and markets products for homes, pets and gardens. Its businesses serve consumers through a portfolio of established brands and retail, e-commerce and other distribution channels. The company’s Home and Personal Care products include small kitchen appliances, personal care devices and home appliances sold under brands such as Remington, Russell Hobbs, George Foreman and Black+Decker, under license. Its Global Pet Care business offers products for aquatic pets, companion animals and pet health, including brands such as Tetra, DreamBone and Nature’s Miracle.