Spectrum Brands (NYSE:SPB) Shares Up 10.7% Following Better-Than-Expected Earnings

Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) shot up 10.7% during trading on Friday following a stronger than expected earnings report. The stock traded as high as $75.68 and last traded at $75.76. 9,157 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 377,079 shares. The stock had previously closed at $68.44.

The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.63. Spectrum Brands had a return on equity of 7.65% and a net margin of 3.76%.The company had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $667.59 million. During the same period in the prior year, the business earned $1.02 earnings per share. Spectrum Brands’s revenue for the quarter was down 3.3% compared to the same quarter last year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, February 17th. Spectrum Brands’s dividend payout ratio (DPR) is currently 43.42%.

More Spectrum Brands News

Here are the key news stories impacting Spectrum Brands this week:

• Positive Sentiment: Q1 beats — Spectrum reported EPS of $1.40 vs. consensus $0.77 and revenue of $677M vs. $667.6M consensus; management reaffirmed its outlook, which supported the rally. Spectrum Brands Beats Q1 Earnings & Sales Estimates, Reaffirms View
• Positive Sentiment: $300M share repurchase — management unveiled a $300M buyback and reiterated fiscal‑2026 net‑sales growth targets, which reduces float and signals confidence from the board. Spectrum Brands outlines $300M share repurchase program and reiterates net sales growth targets for fiscal 2026 amid pet care recovery
• Positive Sentiment: Analyst support — Wells Fargo raised its price target to $80 (from $62) while keeping an Equal Weight rating; Royal Bank of Canada issued an Outperform, both boosting investor sentiment. Benzinga: Wells Fargo raises SPB price target to $80
• Positive Sentiment: Technical/market interest — IBD’s RS rating climbed to 72, indicating relative strength that can attract momentum investors. Spectrum Brands Holdings sees IBD RS rating climb to 72
• Neutral Sentiment: Full disclosure available — earnings call transcript and slide deck were posted, useful for digging into segment trends and margin drivers. Spectrum Brands Q1 2026 Earnings Call Transcript (Seeking Alpha)
• Negative Sentiment: Underlying weakness — revenue was down ~3.3% year‑over‑year and management flagged margin pressure in certain categories (pet care recovery still in progress), which tempers the beat and could limit upside if trends persist. Spectrum (SPB) Reports Q1 Earnings: What Key Metrics Have to Say

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPB. Canaccord Genuity Group lifted their target price on Spectrum Brands from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Royal Bank Of Canada set a $85.00 target price on shares of Spectrum Brands in a research report on Friday. Wall Street Zen raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Wells Fargo & Company raised their price target on shares of Spectrum Brands from $62.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Oppenheimer increased their target price on Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.00.

Institutional Investors Weigh In On Spectrum Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Spectrum Brands by 88.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,618 shares of the company’s stock worth $1,188,000 after buying an additional 10,605 shares in the last quarter. Callodine Capital Management LP increased its stake in shares of Spectrum Brands by 85.5% in the 2nd quarter. Callodine Capital Management LP now owns 1,354,057 shares of the company’s stock valued at $71,765,000 after buying an additional 624,057 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Spectrum Brands during the third quarter worth $994,000. Rovida Advisors Inc. bought a new stake in shares of Spectrum Brands during the second quarter worth $256,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Spectrum Brands during the second quarter valued at $807,000.

Spectrum Brands Stock Performance

The firm has a market cap of $1.76 billion, a P/E ratio of 17.51 and a beta of 0.68. The firm has a fifty day moving average of $62.17 and a 200-day moving average of $57.48. The company has a quick ratio of 1.41, a current ratio of 2.26 and a debt-to-equity ratio of 0.29.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.