Spectrum Brands (SPB)

• Market cap: $2.4B
• 1 day: -0.15%
• 5 days: -5.29%
• 1 month: -3.92%
• 3 months: -8.66%
• 6 months: -5.13%
• Year to date: 6.51%
• 1 year: 7.23%
• 5 years: 34.49%
• 10 years: -1.18%
• Sector: Industrials
• Industry: Miscellaneous Electrical Machinery, Equipment & Supplies

About: 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, and 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.

Employees: 3,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

82% more call options, than puts

Call options by funds: $74.5M | Put options by funds: $40.9M

67% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 33

8% more funds holding

Funds holding: 283 [Q2] → 305 (+22) [Q3]

7% more capital invested

Capital invested by funds: $2.3B [Q2] → $2.47B (+$167M) [Q3]

0.85% more ownership

Funds ownership: 92.2% [Q2] → 93.05% (+0.85%) [Q3]

18% less repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 106

50% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $94 10% upside
• Avg. target: $94 10% upside
• High target: $94 10% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Canaccord Genuity Brian McNamara 60% 1-year accuracy 26 / 43 met price target

10% upside $94

Hold Maintained

18 Nov 2024