Lead (SHFE) (SPB)

La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Spectrum Brands Holdings a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Spectrum Brands Holdings..

Spectrum Brands Holdings (NYSE:SPB) Azioni, Catena delle Opzioni

Spectrum Brands Holdings

Spectrum Brands Holdings Inc is consumer products and home essentials company. The company is a supplier of consumer batteries, residential locksets, residential builders' hardware, grooming products and personal care products. The company manages the businesses in product-focused segments; Home and Personal Care, global Pet Care, Home and Garden. The Company manufactures, markets and distributes its products globally in the North America, Europe, Middle East & Africa, Latin America, and Asia-Pacific.

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<p><strong>Spectrum Brands Holdings Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spb#NYSE">SPB</a>) appears in good shape, thanks to its robust strategic efforts. The company&#39;s Global Productivity Improvement Plan, which aims at improving the operating efficiency, is encouraging too. Solid gains from pricing, cost improvements and favorable mix have been aiding its margins for a while now. Its e-commerce unit also bodes well.</p>
<p>Analysts seem optimistic about the company&#39;s earnings potential. The Zacks Consensus Estimate for fiscal 2024 and fiscal 2025 earnings per share is pegged at $4.78 and $6.21, respectively.&nbsp; While the figure for fiscal 2024 indicates a sharp increase year over year, the metric for fiscal 2025 implies a rise of about 30%.</p>
<h3>Let&#39;s Delve Deep</h3>
<p>Spectrum Brands is on track with its growth initiatives. In this regard, the company is streamlining its organizational structure and re-energizing its employee base. It is committed to improving operational efficiencies through limiting risk. Management is protecting and deleveraging its balance sheet while solidifying liquidity. As part of its strategic transformation, the company completed the sale of its HHI business to ASSA ABLOY for $4.3 billion in cash on Jun 20, subject to customary purchase price adjustments. With the sale of the HHI business, SPB has been strongly focusing on its core businesses and delivering sustainable growth.</p>
<p>The company is experiencing sturdy momentum in its e-commerce business, which continued during the fiscal third quarter, with more than 20% growth year over year. E-commerce sales accounted for more than 21% of the total sales in the quarter. We note that each of the company&#39;s businesses delivered double-digit e-commerce sales, with the Home &amp; Personal Care (HPC) segment leading the way with an e-commerce sales increase of more than 33%. The investment in the segment&#39;s digital marketing and activation led to the highest Amazon Prime Day sales ever for the unit. Management assumes that e-commerce sales across the businesses will be strong, with sales recovery in small kitchen appliances and global aquatics to continue.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c6/74917.jpg?v=948049321" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>The company has been proactive in its cost-takeout actions, including fixed cost reduction by lowering advertising and promotional spending. It is focused on a disciplined cost structure. During the fiscal third quarter, gross profit advanced 14.9% year over year, driven by lower cost inventory and inventory-related costs and other cost improvements. Meanwhile, the gross margin expanded 310 basis points (bps) year over year to 38.9%. The adjusted EBITDA margin expanded 20 bps year over year to 13.6%, driven by better gross margins and higher sales.</p>
<p>In addition, the company is focused on boosting its top-line results through investments in commercial capabilities. It has been making significant investments in brand-focused advertising, marketing and innovation. In the fiscal third quarter, SPB made investments of around $23 million, up year over year, in brand advertising and innovation. It is on track to invest $50 million more during the current fiscal year. Management highlighted that the company&#39;s internal teams and advisers made the dual-track process of the separation of the HPC business, preparing the division for sale, merger or spin-off transaction.</p>
<h3>Bottom Line</h3>
<p>Spectrum Brands has been grappling with geopolitical and macroeconomic uncertainty for a while now. In addition, soft demand in the small kitchen appliances category, volume declines in certain pet channels and the impact of SKU rationalization decisions are likely to continue to act as headwinds. Also, foreign currency translations act as deterrents.</p>
<p>Nevertheless, the aforesaid strengths are likely to continue to boost overall growth. Going forward, the company is likely to see sturdy consumer demand for household and repellent categories. For fiscal 2024, Spectrum Brands still projects reported sales to remain relatively flat year over year. It expects sales growth in the second half of the fiscal year. Adjusted EBITDA, excluding the investment income, is likely to grow nearly 20%. Over the past six months, this Zacks Rank #3 (Hold) stock has gained 12.4% compared with the industry&#39;s 13.9% growth.</p>
<h3>Key Picks</h3>
<p>We have highlighted three better-ranked stocks, namely <strong>G-III Apparel Group</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/giii#NASDAQ">GIII</a>),<strong> Royal Caribbean</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) and <strong>Gildan Activewear</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gil#NYSE">GIL</a>).</p>
<p>G-III Apparel is a manufacturer, designer and distributor of apparel and accessories under licensed brands, owned brands and private label brands. It sports a Zacks Rank #1 (Strong Buy) at present.</p>
<p>GIII Apparel has a trailing four-quarter earnings surprise of 571.8%, on average. The Zacks Consensus Estimate for GIII Apparel&#39;s current financial-year sales indicates growth of 3.3% from the year-ago figure.</p>
<p>Royal Caribbean carries a Zacks Rank of 1 at present. RCL has a trailing four-quarter earnings surprise of 18.5%, on average.</p>
<p>The Zacks Consensus Estimate for RCL&#39;s 2024 sales and earnings per share indicates an increase of 18.1% and 69.9%, respectively, from the year-ago reported levels.</p>
<p>Gildan Activewear, a manufacturer of premium quality branded basic activewear, carries a Zacks Rank #2 (Buy) at present. GIL has a trailing four-quarter earnings surprise of 5.5%, on average.</p>
<p>The consensus estimate for Gildan Activewear&#39;s current financial-year earnings per share indicates growth of 13.6% from the year-ago corresponding figure.</p>
<p><a href="https://www.zacks.com/stock/news/2325275/spectrum-brands-spb-gains-from-pricing-e-commerce-efforts?cid=CS-BENZ-FT-analyst_blog|rank_focused-2325275">To read this article on Zacks.com click here.</a></p>


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Spectrum Brands Gains From Pricing & E-commerce Efforts

<p>Across the recent three months, 6 analysts have shared their insights on Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>), expressing a variety of opinions spanning from bullish to bearish.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $99.17, a high estimate of $120.00, and a low estimate of $87.00. This current average reflects an increase of 0.85% from the previous average price target of $98.33. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723223082_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The standing of Spectrum Brands Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Powers</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$94.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Chris Carey</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$90.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Peter Grom</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$111.00</td>
</tr>
<tr>
<td>Chris Carey</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$87.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Brian McNamara</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$90.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Nik Modi</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$114.00</td>
<td>$114.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Spectrum Brands Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Spectrum Brands Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Spectrum Brands Holdings's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Spectrum Brands Holdings's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SPB/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Spectrum Brands Holdings analyst ratings.</strong></a></p>
<h2>Get to Know Spectrum Brands Holdings Better</h2>
<p>Spectrum Brands Holdings Inc is consumer products and home essentials company. The company is a supplier of consumer batteries, residential locksets, residential builders' hardware, grooming products and personal care products. The company manages the businesses in product-focused segments; Home and Personal Care, global Pet Care, Home and Garden. The Company manufactures, markets and distributes its products globally in the North America, Europe, Middle East &amp; Africa, Latin America, and Asia-Pacific.</p>
<h3>Spectrum Brands Holdings's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization:</strong> With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Spectrum Brands Holdings faced challenges, resulting in a decline of approximately <strong>-1.47%</strong> in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>8.5%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Spectrum Brands Holdings's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>2.68%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Spectrum Brands Holdings's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>1.27%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Spectrum Brands Holdings's debt-to-equity ratio is below the industry average. With a ratio of <b>0.66</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Breaking Down Spectrum Brands Holdings: 6 Analysts Share Their Views

<p>Deutsche Bank  analyst Steve Powers   maintains Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) with a Hold and raises the price target from $91 to $94.</p>


Price Target

Deutsche Bank Maintains Hold on Spectrum Brands Holdings, Raises Price Target to $94

<p>Wells Fargo  analyst Chris Carey   maintains Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) with a Equal-Weight and raises the price target from $87 to $90.</p>


Wells Fargo Maintains Equal-Weight on Spectrum Brands Holdings, Raises Price Target to $90

<p>UBS  analyst Peter Grom   maintains Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) with a Buy and raises the price target from $111 to $120.</p>


UBS Maintains Buy on Spectrum Brands Holdings, Raises Price Target to $120

WIIM

Spectrum Brands shares are trading higher after the company reported better-than-expected Q3 revenue results. Additionally, the company approved a $500 million share repurchase program.

Buybacks

Spectrum Brands Board Approved New $500M Share Repurchase Authorization

<p>Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) reported quarterly earnings of $1.10 per share which missed the analyst consensus estimate of $1.21 by 9.09 percent. This is a 18.28 percent increase over earnings of $0.93 per share from the same period last year.  The company reported quarterly sales of $779.40 million which beat the analyst consensus estimate of $755.19 million by 3.21 percent.  This is a 5.97 percent increase over sales of $735.50 million the same period last year.</p>


Earnings Beats

Earnings Misses

Spectrum Brands Holdings Q3 Adj $1.10 Misses $1.21 Estimate, Sales $779.40M Beat $755.19M Estimate

<p>Wells Fargo  analyst Chris Carey   maintains Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) with a Equal-Weight and lowers the price target from $95 to $87.</p>


Wells Fargo Maintains Equal-Weight on Spectrum Brands Holdings, Lowers Price Target to $87

<p>As previously announced, Spectrum Brands has accelerated its efforts to separate its HPC business from its remaining businesses through a spin-off, sale, merger or other strategic transaction.</p>


Spectrum Brands Files Confidential Form 10 Registration Statement With SEC For Spin-off Of Its Home And Personal Care Business

<p>Analysts' ratings for Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $101.57, with a high estimate of $115.00 and a low estimate of $90.00. This upward trend is apparent, with the current average reflecting a 9.38% increase from the previous average price target of $92.86.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719849635_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Spectrum Brands Holdings by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian McNamara</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$90.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Nik Modi</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$114.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Brian McNamara</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Hold</td>
<td>$92.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Steve Powers</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$91.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Nik Modi</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$114.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Chris Carey</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$95.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Ian Zaffino</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$88.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Spectrum Brands Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Spectrum Brands Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Spectrum Brands Holdings's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Spectrum Brands Holdings's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SPB/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Spectrum Brands Holdings analyst ratings.</strong></a></p>
<h2>Discovering Spectrum Brands Holdings: A Closer Look</h2>
<p>Spectrum Brands Holdings Inc is consumer products and home essentials company. The company is a supplier of consumer batteries, residential locksets, residential builders' hardware, grooming products and personal care products. The company manages the businesses in product-focused segments; Home and Personal Care, global Pet Care, Home and Garden. The Company manufactures, markets and distributes its products globally in the North America, Europe, Middle East &amp; Africa, Latin America, and Asia-Pacific.</p>
<h3>Financial Insights: Spectrum Brands Holdings</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Revenue Challenges:</strong> Spectrum Brands Holdings's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately <strong>-1.47%</strong>. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.</p>
<p><strong>Net Margin:</strong> Spectrum Brands Holdings's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>8.5%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Spectrum Brands Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>2.68%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Spectrum Brands Holdings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>1.27%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Spectrum Brands Holdings's debt-to-equity ratio is below the industry average at <strong>0.66</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings For Spectrum Brands Holdings

<p>Canaccord Genuity  analyst Brian McNamara   maintains Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) with a Hold and lowers the price target from $92 to $90.</p>


Canaccord Genuity Maintains Hold on Spectrum Brands Holdings, Lowers Price Target to $90

<p><strong>Spectrum Brands Holdings Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spb#NYSE">SPB</a>) looks well-poised for growth, thanks to its robust strategic efforts. The company is benefiting from increased pricing, cost improvements and a favorable mix. Its Global Productivity Improvement Plan (&quot;GPIP&quot;), which aims at improving the company&#39;s operating efficiency and effectiveness, appears encouraging.<br />
Driven by such upsides, the stock has gained 20.4% in the past year, outperforming the industry&#39;s 0.3% growth.<br />
Analysts seem quite optimistic about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for fiscal 2024 sales and earnings per share is pegged at $2.92 billion and $4.68, respectively, indicating year-over-year growth of 0.1% and 205.9%.</p>
<h3>Delving Deeper</h3>
<p>Spectrum Brands is on track with the four core pillars to drive growth. In this regard, the company is streamlining its organizational structure and re-energizing its employee base. It is committed to improving operational efficiencies while limiting risk. Management is protecting and deleveraging its balance sheet while solidifying liquidity. It is focused on transforming the company into a pure-play global Pet and Home &amp; Garden business.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/29/69346.jpg?v=880900130" /><br />
Image Source: Zacks Investment Research</p>
<p>The GPIP is focused on consumer insights and growth-enabling functions, including technology, marketing and research and development. This plan will also enable the company to deliver value creation and sustainable growth in the long term. In addition, SPB is focused on delivering savings, the majority of which are expected to be reinvested into growth initiatives.<br />
Spectrum Brands&#39; initiatives like pricing, cost improvements and a favorable mix have been driving margins for a while now. The company has been proactive in its cost-takeout actions, which were implemented in the second half of fiscal 2022 and include fixed cost reduction by eliminating permanently salaried headcount and reducing advertising and promotional spending.<br />
Driven by improved pricing and cost improvements, the gross margin expanded 870 basis points (bps) to 38.1% in the fiscal second quarter while gross profit improved 27.5% year over year. Adjusted EBITDA advanced 120.2% year over year to $112.3 million. The adjusted EBITDA margin expanded 860 bps 15.6%, driven by better gross margins and lower operating expenses.<br />
Looking ahead, Spectrum Brands now projects reported sales to remain flat year over year in fiscal 2024. Adjusted EBITDA, excluding the investment income, is likely to grow in the low-double digits.<br />
However, Spectrum Brands has been witnessing soft demand in the small kitchen appliances category, volume declines in certain pet channels and the impact of SKU rationalizations. In addition, the company&#39;s Home &amp; Personal Care segment continues to be sluggish. Sales for the segment dipped 4% year over year in the fiscal second quarter, due to lower sales in small kitchen appliances. Nonetheless, the aforesaid initiatives are likely to boost overall growth.</p>
<h3>Key Consumer Discretionary Picks</h3>
<p>Some better-ranked companies are <strong>G-III Apparel Group </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/giii#NASDAQ">GIII</a>), <strong>Royal Caribbean </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) and <strong>lululemon athletica </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>).<br />
G-III Apparel Group sports a Zacks Rank #1 (Strong Buy) at present.<br />
G-III Apparel Group has a trailing four-quarter earnings surprise of 547.9%, on average. The Zacks Consensus Estimate for GIII&#39;s fiscal 2024 sales indicates an increase of 3.7% from the year-ago period&#39;s reported level.<br />
Royal Caribbean sports a Zacks Rank of 1, currently. RCL has a trailing four-quarter earnings surprise of 18.3%, on average.<br />
The consensus estimate for RCL&#39;s 2024 sales and EPS indicates increases of 16.6% and 61.9%, respectively, from the year-ago period&#39;s reported levels.<br />
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank # 2 (Buy) at present.<br />
The Zacks Consensus Estimate for lululemon athletica&#39;s current financial-year sales and EPS indicates growth of 11.9% and 10.6%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 9.7%, on average.</p>
<p><a href="https://www.zacks.com/stock/news/2292348/spectrum-brands-spb-strategic-efforts-aid-apt-to-hold?cid=CS-BENZ-FT-analyst_blog|rank_focused-2292348">To read this article on Zacks.com click here.</a></p>


LULU

Spectrum Brands' Strategic Efforts Aid: Apt to Hold?

<p>Throughout the last three months, 6 analysts have evaluated Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Spectrum Brands Holdings and provided 12-month price targets. The average target is $103.5, accompanied by a high estimate of $115.00 and a low estimate of $91.00. This upward trend is apparent, with the current average reflecting a 11.29% increase from the previous average price target of $93.00.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1717776014_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>The standing of Spectrum Brands Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nik Modi</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$114.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Brian McNamara</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Hold</td>
<td>$92.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Steve Powers</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$91.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Nik Modi</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$114.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Chris Carey</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$95.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Ian Zaffino</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$88.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Spectrum Brands Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Spectrum Brands Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Spectrum Brands Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Spectrum Brands Holdings's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SPB/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Spectrum Brands Holdings analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Spectrum Brands Holdings</h2>
<p>Spectrum Brands Holdings Inc is consumer products and home essentials company. The company is a supplier of consumer batteries, residential locksets, residential builders' hardware, grooming products and personal care products. The company manages the businesses in product-focused segments; Home and Personal Care, global Pet Care, Home and Garden. The Company manufactures, markets and distributes its products globally in the North America, Europe, Middle East &amp; Africa, Latin America, and Asia-Pacific.</p>
<h3>Spectrum Brands Holdings's Financial Performance</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Spectrum Brands Holdings's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately <strong>-1.47%</strong> in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.</p>
<p><strong>Net Margin:</strong> Spectrum Brands Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>8.5%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Spectrum Brands Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>2.68%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Spectrum Brands Holdings's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of <strong>1.27%,</strong> the company may face hurdles in generating optimal returns from its assets.</p>
<p><strong>Debt Management:</strong> Spectrum Brands Holdings's debt-to-equity ratio is below the industry average. With a ratio of <b>0.66</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


6 Analysts Assess Spectrum Brands Holdings: What You Need To Know

<p>RBC Capital  analyst Nik Modi   reiterates Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) with a Outperform and maintains $114 price target.</p>


Reiteration

RBC Capital Reiterates Outperform on Spectrum Brands Holdings, Maintains $114 Price Target

<p><strong>Spectrum Brands Holdings Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spb#NYSE">SPB</a>) is benefiting from increased pricing, cost improvements and a favorable mix. The company is progressing well with its Global Productivity Improvement Plan, which aims at improving operating efficiency and effectiveness.</p>
<p>In the latest developments, the company unveiled that its fully-owned subsidiary, Spectrum Brands, Inc., offered $300 million in total principal amount of its 3.375% exchangeable senior notes due 2029 in a private placement to eligible purchasers under Rule 144A of the Securities Act of 1933, as amended (the &quot;Securities Act&quot;).</p>
<h3>Let&#39;s Delve Deep</h3>
<p>The company plans to utilize the net proceeds from the offering to fund the $21.6 million cost of entering into the capped call transactions, general corporate purposes and to repurchase about $50 million of shares of common stock of Parent concurrent with the pricing of the offering of the Exchangeable Notes in privately negotiated transactions. Such transactions are effected through one of the initial purchasers or its affiliates.<br />
Concerning the offering, if the initial purchasers sell more Exchangeable Notes than the overall principal amount of the Exchangeable Notes, they have the option to purchase, for settlement within a 13-day period starting and including the date the Exchangeable Notes are first issued, up to an additional $50 million total principal amount of Exchangeable Notes.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/29/67152.jpg?v=850234686" style="height:237px; width:620px" /><br />
Image Source: Zacks Investment Research</p>
<p>Further, the sale of the Exchangeable Notes is anticipated to close on or about May 23, 2024, and is subject to the customary closing conditions. This is likely to result in $291.6 million in net proceeds to the company, after the deduction of the initial purchasers&#39; discount, assuming no exercise of the initial purchasers&#39; option, but before the deduction of planned offering expenses payable by the company and the cost of the capped call transactions.<br />
In connection with the pricing of the Exchangeable Notes, Spectrum Brands is likely to make share repurchases at a cash purchase price per share, which is equal to the closing price per share of the Parent Common Stock on May 20, 2024. The company anticipates that one of the initial purchasers and/or its affiliate will buy the shares from purchasers of Exchangeable Notes in the offering and will sell the shares to the Parent at closing.<br />
Such repurchases can increase or decrease the extent of any decline in the market price of the Parent Common Stock or the Exchangeable Notes. Also, repurchases might affect the market price of the Parent Common Stock concurrently with the pricing of the Exchangeable Notes, and result in a higher effective exchange price for the Exchangeable Notes.<br />
The company has announced that its wholly-owned subsidiary, Spectrum Brands, has commenced a cash tender of up to a total principal amount of its outstanding 4% Senior Notes due 2026, 5% Senior Notes due 2029, 5.50% Senior Notes due 2030 and 3.875% Senior Notes due 2031.<br />
Shares of this Zacks Rank #2 (Buy) company have gained 17% in the past three months compared with the industry&#39;s 5.7% rise.</p>
<h3>Other Key Picks</h3>
<p>Some other top-ranked companies are <strong>Ralph Lauren </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rl#NYSE">RL</a>), <strong>Royal Caribbean </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcl#NYSE">RCL</a>) and<strong> Lululemon Athletica</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>).<br />
Ralph Lauren sports a Zacks Rank #1 (Strong Buy) at present.<br />
Ralph Lauren has a trailing four-quarter earnings surprise of 18.7%, on average. The Zacks Consensus Estimate for RL&#39;s fiscal 2024 earnings per share indicates an increase of 22.7% from the year-ago period&#39;s reported level.<br />
Royal Caribbean currently flaunts a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 28.3%, on average.<br />
The consensus estimate for RCL&#39;s 2023 sales and EPS indicates increases of 14.5% and 47.9%, respectively, from the year-ago period&#39;s reported levels.<br />
lululemon athletica is a yoga-inspired athletic apparel company. LULU carries a Zacks Rank of 2 at present.<br />
The Zacks Consensus Estimate for lululemon athletica&#39;s current financial-year sales and EPS suggests growth of 13.7% and 15%, respectively, from the year-ago corresponding figures. LULU has a trailing four-quarter earnings surprise of 9.2%, on average.</p>
<p><a href="https://www.zacks.com/stock/news/2276875/spectrum-brands-spb-unveils-offering-share-repurchase-plan?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2276875">To read this article on Zacks.com click here.</a></p>


Spectrum Brands Unveils Offering & Share Repurchase Plan

<p>The Company intends to use the net proceeds from the Offering (i) to fund the $21.6 million cost of entering into the capped call transactions (as described below), (ii) to repurchase approximately $50 million of shares of common stock of Parent (&quot;Parent Common Stock&quot;) concurrently with the pricing of the offering of the Exchangeable Notes in privately negotiated transactions effected through one of the initial purchasers or its affiliates and (iii) for general corporate purposes.</p>


Reported Earlier, Spectrum Brands Prices Private Offering Of $300M 3.375% New Exchangeable Senior Notes

<p>Spectrum Brands Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>, &amp;quot, Parent&amp;quot, )))), announced today that its wholly-owned subsidiary, Spectrum Brands, Inc. (&quot;Spectrum Brands&quot; or the &quot;Company&quot;) intends to offer, subject to market and other conditions,&nbsp;$300 million&nbsp;in aggregate principal amount of exchangeable senior notes due 2029 (the &quot;Exchangeable Notes&quot;) and a share repurchase plan.</p>
<p>The Company intends to use a portion of the net proceeds of the Exchangeable Notes offering (i) to fund the cost of entering into the capped call transactions (as described below), (ii) to repurchase up to&nbsp;$100 million&nbsp;of shares of common stock of Parent (&quot;Parent Common Stock&quot;) concurrently with the pricing of the offering of the Exchangeable Notes in privately negotiated transactions effected through one of the initial purchasers or its affiliates and (iii) for general corporate purposes.</p>


Spectrum Brands Holdings Authorized A New $500M Parent Common Stock Repurchase Program

RBC Capital analyst Nik Modi maintained a Buy rating on Spectrum Brands Holdings (SPB – Research Report) today and set a price target of $114.00. T...

RBC Capital Remains a Buy on Spectrum Brands Holdings (SPB)

Spectrum Brands Q3 2024 Earnings Preview

Spectrum Brands gives mixed Q3 results

Spectrum Brands reports mixed Q3 results

Spectrum Brands Holdings, Inc. 2024 Q3 - Results - Earnings Call Presentation

Spectrum Brands Holdings, Inc. (SPB) Q3 2024 Earnings Call Transcript

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Aterian (ATER – Research Report), Capri Holdings (CPRI – R...

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Aterian (ATER), Capri Holdings (CPRI) and Spectrum Brands Holdings (SPB)

Wells Fargo analyst Christopher Carey assigned a Hold rating to Spectrum Brands Holdings (SPB – Research Report) yesterday and set a price target o...

Wells Fargo Issues a Hold Rating on Spectrum Brands Holdings (SPB)

In a report released yesterday, Christopher Carey from Wells Fargo maintained a Hold rating on Spectrum Brands Holdings (SPB – Research Report), wi...

Wells Fargo Sticks to Their Hold Rating for Spectrum Brands Holdings (SPB)

Spectrum Brands: Upcoming Divestiture And Tailwinds Make This Stock A Buy

ATER

CPRI

Press Releases

Spectrum Brands Announces Tender Offer and Consent Solicitation for 4.00% Senior Notes Due 2026, 5.00% Senior Notes Due 2029 and 5.50% Senior Notes Due 2030, and Tender Offer for 3.875% Senior Notes Due 2031

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