This is What Makes Spectrum Brands Holdings Inc. Stocks A Gamechanger?

Currently, Spectrum Brands Holdings Inc. [SPB] is trading at $60.35, up 2.37%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SPB shares have lost -0.05% over the last week, with a monthly amount drifted -8.70%, and not seem to be holding up well over a long-time horizon.

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On 10, February 2023, Spectrum Brands Holdings Reports Fiscal 2023 First Quarter Results. In a post published today on Yahoo Finance, Net Sales Decreased 5.8% driven by Lower Replenishment Orders, Slower Holiday Retail Sales, Unfavorable Foreign Currency, Offset by Positive Pricing Adjustments.

From an analyst’s perspective:

Spectrum Brands Holdings Inc. [NYSE: SPB] stock has seen the most recent analyst activity on December 06, 2022, when Deutsche Bank downgraded its rating to a Hold but kept the price target unchanged to $70 for it. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on September 16, 2022, and dropped its price target to $70. On July 13, 2022, Raymond James initiated with a Mkt Perform rating. UBS started tracking the stock assigning a Buy rating and suggested a price target of $102 on June 24, 2021. Monness Crespi & Hardt reiterated its recommendation of a Buy and raised its price target to $113 on May 10, 2021. Monness Crespi & Hardt reiterated a Buy rating for this stock on February 08, 2021, and upped its price target to $100. In a note dated January 13, 2021, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $73 to $101.

This stock has fluctuated between a low of $38.93 and a high of $93.22 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $80.00 within the next 12 months. Spectrum Brands Holdings Inc. [NYSE: SPB] shares were valued at $60.35 at the most recent close of the market. An investor can expect a potential return of 32.56% based on the average SPB price forecast.

Analyzing the SPB fundamentals

Gross Margin for this corporation currently stands at +30.97% with Operating Margin at -0.81%, Pretax Margin comes in at -2.88%, and Net Margin reading is -2.46%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.61 points at the first support level, and at 56.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.53, and for the 2nd resistance point, it is at 62.71.

Spectrum Brands Holdings Inc. [SPB] reported earnings per share of $0.48 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.57/share, meaning a difference of -$0.09 and a surprise factor of -15.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.54 per share as compared to estimates of $1.42 per share, a difference of -$0.88 representing a surprise of -62.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Spectrum Brands Holdings Inc. [NYSE:SPB] is 2.90. Further, the Quick Ratio stands at 2.07, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 1.26.

Transactions by insiders

Insider trading, which has resulted in 0 insider purchases of 0 shares and 3 insider sales of 15,780 shares in the past three months, is now the topic of our analysis.