Canaccord Genuity Reiterates Buy Rating on Spectrum Brands

Canaccord Genuity reiterated its buy rating on Spectrum Brands Holdings, Inc. (NYSE:SPB) on June 17, 2026, maintaining a price target of $99. Analyst Brian McNamara continues to see potential in the company, which is trading around $84 per share.

Other Institutional Activity in Spectrum Brands

Pzena Investment Management trimmed its holdings by 63,525 shares to 2,338,423 shares, valued at about $172.3 million. Callodine Capital Management also reduced its stake slightly by 16,433 shares, ending with 2,048,783 shares worth $151 million. BlackRock, Inc. made a more significant reduction, cutting 196,093 shares to hold 1,848,692 shares, valued at approximately $136.2 million. American Century Companies Inc. reduced its position by 346,875 shares, leaving it with 1,688,793 shares worth $124.5 million. In contrast, LSV Asset Management increased its stake by 427,260 shares, bringing its total to 1,030,240 shares, valued at $75.9 million.

Spectrum Brands Holdings, Inc. Stock Up 4.2%

Shares of Spectrum Brands (NYSE:SPB) are trading near $84. The company has a market cap of about $1.95 billion and a P/E ratio of 16.4. Spectrum Brands' stock has seen a 52-week low of $49.99 and a high of $86.96. It has a 50-day moving average of $80.58 and a 200-day moving average of $66.92. The company maintains a current ratio of 2.30 and a quick ratio of 1.34, with a debt-to-equity ratio of 38.17.

Recent Earnings

Spectrum Brands reported revenue of $2.82 billion, with a growth rate of 4.9%. The company achieved a net margin of 4.47% and a return on equity of 6.64%. Its earnings per share stood at $5.12. The next earnings report is anticipated on August 6, 2026.

Dividend

Spectrum Brands pays an annual dividend of $1.88, yielding 2.24%. The dividend payout ratio is 36.72%.

Insider Buying and Selling at Spectrum Brands Holdings, Inc.

On May 20, 2026, CEO David Maura purchased 2,500 shares at an average price of $72.85. Earlier, on December 12, 2025, several insiders, including EVP & CFO Faisal Qadir and EVP Ehsan Zargar, acquired shares at no cost.

Analysts Set New Price Targets

On June 17, 2026, Canaccord Genuity maintained its buy rating with a $99 price target. RBC Capital and Oppenheimer also have buy ratings with targets of $85, while Wells Fargo has a hold rating with a target of $80. The consensus rating for Spectrum Brands is a buy, with an average target price of $87.43 from seven analysts.

About Spectrum Brands

Spectrum Brands Holdings, Inc. is a consumer products company based in Middleton, Wisconsin. It operates in sectors like home and personal care, global pet care, and home and garden. The company sells products under brands such as Black & Decker, Remington, and Spectracide, serving markets in North America, Europe, and Asia.

Bottom Line

Investors keep a close watch on Spectrum Brands due to its presence in the consumer defensive sector. Canaccord Genuity's reiterated buy rating highlights continued confidence in the company's growth prospects. As with all 13F filings and analyst ratings, this information reflects past actions and may not indicate future performance.