Spectrum Brands (SPB) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spectrum Brands in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SPB shares.
View SPB analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued twelve-month price objectives for Spectrum Brands' shares. Their SPB share price forecasts range from $67.00 to $96.00. On average, they anticipate the company's share price to reach $85.67 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for SPB or view top-rated stocks among Wall Street analysts.

Spectrum Brands' stock was trading at $60.92 at the beginning of 2023. Since then, SPB shares have increased by 30.0% and is now trading at $79.18.
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Spectrum Brands saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 4,430,000 shares, a decrease of 19.7% from the July 31st total of 5,520,000 shares. Based on an average daily volume of 668,200 shares, the days-to-cover ratio is currently 6.6 days. Approximately 12.7% of the company's stock are sold short.
View Spectrum Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 17th 2023.
View our SPB earnings forecast.

Spectrum Brands Holdings, Inc. (NYSE:SPB) released its earnings results on Friday, August, 11th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.48 by $0.27. The firm had revenue of $735.50 million for the quarter, compared to analysts' expectations of $785.39 million. Spectrum Brands had a net margin of 61.47% and a trailing twelve-month return on equity of 1.99%. The company's revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share.

Spectrum Brands declared a quarterly dividend on Tuesday, August 8th. Shareholders of record on Tuesday, August 29th will be paid a dividend of $0.42 per share on Tuesday, September 19th. This represents a $1.68 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, August 28th.
Read our dividend analysis for SPB.

ETFs with the largest weight of Spectrum Brands (NYSE:SPB) stock in their portfolio include WisdomTree U.S. SmallCap Dividend Fund (DES), Schwab Fundamental U.S. Small Company Index ETF (FNDA), JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and ProShares Pet Care ETF (PAWZ).iShares U.S. Consumer Staples ETF (IYK).

Spectrum Brands (NYSE:SPB) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.13%. The dividend payout ratio is 3.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPB will have a dividend payout ratio of 47.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPB.

68 employees have rated Spectrum Brands Chief Executive Officer David Maura on Glassdoor.com. David Maura has an approval rating of 57% among the company's employees. This puts David Maura in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Spectrum Brands investors own include AbbVie (ABBV), Bristol-Myers Squibb (BMY), Intel (INTC), Verizon Communications (VZ), Advanced Micro Devices (AMD), General Electric (GE), Johnson & Johnson (JNJ), Pfizer (PFE), QUALCOMM (QCOM) and AT&T (T).

Spectrum Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPB."

Spectrum Brands' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (5.29%), BlackRock Inc. (4.28%), Dimensional Fund Advisors LP (3.36%), Cardinal Capital Management LLC CT (3.20%), Nuveen Asset Management LLC (3.08%) and Nuveen Asset Management LLC (3.54%). Insiders that own company stock include David M Maura and Ehsan Zargar.
View institutional ownership trends.

Shares of SPB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SPB stock can currently be purchased for approximately $79.18.

Spectrum Brands (NYSE:SPB) has a market capitalization of $2.82 billion and generates $3.13 billion in revenue each year. The company earns $72.50 million in net income (profit) each year or $44.61 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Spectrum Brands' mailing address is 3001 DEMING WAY, MIDDLETON WI, 53562. The official website for the company is www.spectrumbrands.com. The company can be reached via phone at (608) 275-3340 or via email at investorrelations@spectrumbrands.com.