Spectrum Brands (NYSE:SPB) Price Target Cut to $105.00 by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity lowered its price target on Spectrum Brands from $110 to $105 but maintained a Buy rating; the new target implies 18.59% upside from the stock’s price at the time of the report.
• Spectrum Brands reported quarterly EPS of $1.39, beating the $0.90 consensus estimate, while revenue of $713.2 million missed expectations and declined 2.8% year over year.
• Analyst views were mixed: MarketBeat reported an overall “Moderate Buy” consensus, based on four Buy and four Hold ratings, with an average price target of $97.14.

Spectrum Brands (NYSE:SPB - Get Free Report) had its price target reduced by analysts at Canaccord Genuity Group from $110.00 to $105.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 18.59% from the stock's current price.

A number of other analysts have also issued reports on SPB. Royal Bank Of Canada lowered shares of Spectrum Brands from an "outperform" rating to a "sector perform" rating and boosted their target price for the company from $85.00 to $92.00 in a research note on Monday, August 10th. Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $90.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Monday, October 5th. Oppenheimer lifted their price objective on shares of Spectrum Brands from $85.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, August 10th. UBS Group began coverage on shares of Spectrum Brands in a report on Thursday, October 15th. They set a "buy" rating and a $97.00 price objective for the company. Finally, Deutsche Bank reissued a "hold" rating and issued a $96.00 price objective on shares of Spectrum Brands in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $97.14.

Spectrum Brands Price Performance

Shares of SPB stock opened at $88.54 on Friday. The stock has a 50 day moving average price of $83.02 and a 200 day moving average price of $81.42. Spectrum Brands has a 52-week low of $53.21 and a 52-week high of $99.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.61 and a current ratio of 2.41. The firm has a market capitalization of $2.04 billion, a P/E ratio of 26.99, a P/E/G ratio of 3.16 and a beta of 0.81.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data on Thursday, November 12th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.90 by $0.49. Spectrum Brands had a return on equity of 10.06% and a net margin of 2.76%. The company had revenue of $713.20 million for the quarter, compared to the consensus estimate of $717.98 million. During the same quarter in the prior year, the company posted $2.61 EPS. Spectrum Brands's quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Spectrum Brands will post 6.26 earnings per share for the current year.

Hedge Funds Weigh In On Spectrum Brands

Several institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC bought a new stake in shares of Spectrum Brands in the second quarter valued at about $207,584,000. BlackRock Inc. bought a new stake in shares of Spectrum Brands in the 2nd quarter valued at about $166,197,000. Alberta Investment Management Corp bought a new stake in shares of Spectrum Brands in the 2nd quarter valued at about $46,353,000. Manning & Napier Advisors LLC bought a new stake in shares of Spectrum Brands in the 2nd quarter valued at about $26,496,000. Finally, Bank of America Corp DE purchased a new stake in shares of Spectrum Brands in the 2nd quarter worth approximately $24,742,000.

Trending Headlines about Spectrum Brands

These are some of the SPB headlines that stood out recently:

• 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

Spectrum Brands Company Profile

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.

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