Wells Fargo & Company Increases Spectrum Brands (NYSE:SPB) Price Target to $80.00

Spectrum Brands (NYSE:SPB) had its target price upped by investment analysts at Wells Fargo & Company from $62.00 to $80.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 5.53% from the company’s previous close.

SPB has been the subject of a number of other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Spectrum Brands in a report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Spectrum Brands in a research note on Tuesday, February 3rd. Wall Street Zen raised Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Canaccord Genuity Group upped their price target on Spectrum Brands from $75.00 to $84.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Oppenheimer raised their price objective on Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.00.

Spectrum Brands Stock Performance

SPB opened at $75.81 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $62.17 and its two-hundred day moving average price is $57.48. The firm has a market capitalization of $1.76 billion, a P/E ratio of 17.51 and a beta of 0.68. Spectrum Brands has a 12-month low of $49.99 and a 12-month high of $80.28.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.63. The company had revenue of $677.00 million during the quarter, compared to analyst estimates of $667.59 million. Spectrum Brands had a return on equity of 7.65% and a net margin of 3.76%.The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. On average, equities analysts forecast that Spectrum Brands will post 5.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPB. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Spectrum Brands by 7,237.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock worth $31,000 after purchasing an additional 579 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Spectrum Brands by 111.7% during the 4th quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after purchasing an additional 335 shares during the last quarter. Headlands Technologies LLC acquired a new position in Spectrum Brands in the second quarter valued at about $41,000. SJS Investment Consulting Inc. bought a new stake in Spectrum Brands during the third quarter worth about $47,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Spectrum Brands during the third quarter worth approximately $49,000.

Spectrum Brands News Summary

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

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.