Spectrum Brands (SPB) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spectrum Brands in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SPB shares.
View SPB analyst ratings or view top-rated stocks.

9 Wall Street analysts have issued twelve-month price objectives for Spectrum Brands' stock. Their SPB share price forecasts range from $67.00 to $109.00. On average, they predict the company's stock price to reach $82.86 in the next year. This suggests a possible upside of 14.5% 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 the year. Since then, SPB shares have increased by 18.8% and is now trading at $72.39.
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Spectrum Brands saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,680,000 shares, an increase of 52.3% from the April 15th total of 1,760,000 shares. Based on an average daily volume of 718,800 shares, the short-interest ratio is presently 3.7 days. Currently, 6.7% of the company's stock are short sold.
View Spectrum Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
View our SPB earnings forecast.

Spectrum Brands Holdings, Inc. (NYSE:SPB) announced its earnings results on Friday, February, 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by $0.18. The firm earned $713.30 million during the quarter, compared to analysts' expectations of $758.27 million. Spectrum Brands had a positive trailing twelve-month return on equity of 1.85% and a negative net margin of 0.90%. The business's revenue was down 5.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS.

Spectrum Brands announced a quarterly dividend on Wednesday, May 10th. Investors of record on Tuesday, May 23rd will be paid a dividend of $0.42 per share on Thursday, June 8th. This represents a $1.68 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, May 22nd.
Read our dividend analysis for SPB.

ETFs with the largest weight of Spectrum Brands (NYSE:SPB) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Fidelity Blue Chip Value ETF (FBCV), WisdomTree U.S. SmallCap Dividend Fund (DES), Timothy Plan US Small Cap Core ETF (TPSC), Small Cap US Equity Select ETF (RNSC), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), Vanguard Consumer Staples ETF (VDC) and Fidelity MSCI Consumer Staples Index ETF (FSTA).

Spectrum Brands (NYSE:SPB) pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.29%.
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 FMR LLC (5.27%), American Century Companies Inc. (5.05%), Allspring Global Investments Holdings LLC (4.68%), BlackRock Inc. (4.40%), Sachem Head Capital Management LP (3.69%) and Dimensional Fund Advisors LP (2.94%).
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 $72.39.

Spectrum Brands (NYSE:SPB) has a market capitalization of $2.97 billion and generates $3.13 billion in revenue each year. The company earns $72.50 million in net income (profit) each year or ($0.66) 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.