Spectrum Brands has beaten analyst earnings estimates in 3 of the last 4 quarters with an exceptional average surprise of 72%, free cash flow equal to 176% of net income, and a perfect Piotroski financial strength score of 9 out of 9, but the stock has already surpassed its analyst price target and carries 19% short interest.
Thesis pillars
- High Cash Conversion Piotroski→Stable
- Outstanding Earnings Beat History→Stable
- Customer Concentration Risk→Stable
- +1 more pillar — see the Why tab for full reasoning
Spectrum Brands Holdings, Inc. (SPB) Stock Analysis
Breakout setup · Inst Constrain edge
Consumer Defensive · Household & Personal Products
Hold if already holding. Not a fresh buy at $84.99, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Home Depot, Lowe's and Walmart (H&G segment) (64.0%); Concentration risk — Supplier: APAC third-party suppliers (HPC).
Spectrum Brands markets branded household products across three segments: Global Pet Care (companion animals, aquatics, pet food), Home and Garden (pest control, repellents, cleaning), and Home and Personal Care (small appliances, personal grooming devices), sold through large... Read more
Hold if already holding. Not a fresh buy at $84.99, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Home Depot, Lowe's and Walmart (H&G segment) (64.0%); Concentration risk — Supplier: APAC third-party suppliers (HPC). Chart setup: Golden cross, above all MAs, RSI 53, MACD bullish. Maintain position. Not compelling to add more. Score 5.6/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 34d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Spectrum Brands Holdings, Inc.
About Spectrum Brands Holdings, Inc.
Spectrum Brands' three segments all carry high retailer concentration for the fiscal year ended September 30, 2025: Amazon and Walmart represent 34% of Global Pet Care segment sales, Home Depot, Lowe's, and Walmart represent 64% of Home and Garden segment sales, and Amazon and Walmart represent 42% of Home and Personal Care segment sales. The company employs approximately 3,000 full-time workers worldwide, with roughly 32% covered by collective bargaining agreements.
Spectrum Brands earns revenue through branded products sold primarily to mass retailers with no long-term purchase contracts. The Global Pet Care segment competes against Mars Corporation, Nestlé Purina, and Central Garden & Pet across companion animal, aquatics, and dog and cat food categories; most chews and aquatics hard goods are manufactured by third-party suppliers in the APAC region. The Home and Garden segment produces the majority of its products at a single Vinita Park, Missouri facility, competing against Scotts Miracle-Gro (Ortho, Roundup), S.C. Johnson (Raid, OFF!), and Henkel (Combat) in pest control, repellents, and cleaning. Home and Personal Care markets small appliances and personal care devices—substantially all manufactured by APAC third-party suppliers—competing with SharkNinja, De'Longhi, Newell Brands, and Dyson. The B+D trademark is licensed from Stanley Black+Decker through December 31, 2027, with two four-year renewal options tied to minimum sales performance metrics.
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The Home and Garden segment's three named retailers collectively represent 64% of segment sales—a level that exposes H&G to outsized risk if any one partner reduces orders, adjusts promotional commitments, or shifts shelf space to competing brands. H&G sales are also highly seasonal, peaking in the second and third fiscal quarters (January through June) when warm-weather demand for insecticides and herbicides is highest; if a spring selling season underperforms or a major retailer draws down inventory in that window, the impact could weigh disproportionately on annual results. The planned HPC spin-off, subject to market and regulatory conditions, would further narrow each resulting entity's scale and could reduce negotiating standing with shared retail partners.
See also: Consumer Defensive · Household & Personal Products
From Spectrum Brands Holdings, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-07-06Recent Developments — Spectrum Brands Holdings, Inc.
Latest news
- NEWS Greenlight Capital Adds Spectrum Brands to Portfolio Amid Strong Earnings - HarianBasis.co — HarianBasis.co positive
- NEWS Spectrum Brands Holdings Inc. (SPB): David Einhorn Opens New Position in Consumer Products - Insider Monkey — Insider Monkey positive
- NEWS Spectrum Brands Holdings Inc. (SPB): David Einhorn Opens New Position in Consumer Products - Yahoo Finance — Yahoo Finance positive
- NEWS RBC Capital Sticks to Their Buy Rating for Superior Plus (SPB) - The Globe and Mail — The Globe and Mail positive
- NEWS Spectrum Brands stock hits 52-week high at 85.5 USD - Investing.com — Investing.com positive
Generated 2026-07-06T04:40:27Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerHome Depot, Lowe's and Walmart (H&G segment)64%10-K Item 1: 'consisting of The Home Depot, Lowe's and Walmart, representing approximately 64% segment sales for the year ended September 30, 2025'
- MEDIUMCustomerAmazon and Walmart (HPC segment)42%10-K Item 1: 'consisting of Amazon and Walmart, representing approximately 42% of segment sales for the year ended September 30, 2025'
- MEDIUMCustomerAmazon and Walmart (GPC segment)34%10-K Item 1: 'consisting of Amazon and Walmart, representing approximately 34% of segment sales for the year ended September 30, 2025'
- HIGHSupplierAPAC third-party suppliers (HPC)10-K Item 1: 'Substantially all segment products are manufactured by third-party suppliers located in the APAC region'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $84.99, but acceptable to hold if already in. Reasons: Concentration risk — Customer: Home Depot, Lowe's and Walmart (H&G segment) (64.0%); Concentration risk — Supplier: APAC third-party suppliers (HPC). Chart setup: Golden cross, above all MAs, RSI 53, MACD bullish. Maintain position. Not compelling to add more. Target $86.38 (+1.6%), stop $79.75 (−6.6%), A.R:R -1.7:1. Score 5.6/10, moderate confidence.
Take-profit target: $86.38 (+1.6% upside). Target $86.38 (+1.6%), stop $79.75 (−6.6%), A.R:R -1.7:1. Stop-loss: $79.75.
Concentration risk — Customer: Home Depot, Lowe's and Walmart (H&G segment) (64.0%); Concentration risk — Supplier: APAC third-party suppliers (HPC); Analyst target reached - limited upside remaining.
Spectrum Brands Holdings, Inc. trades at a P/E of 16.6 (forward 15.6). TrendMatrix value score: 7.3/10. Verdict: Hold.
13 analysts cover SPB with a consensus score of 3.9/5. Average price target: $87.
What does Spectrum Brands Holdings, Inc. do?Spectrum Brands markets branded household products across three segments: Global Pet Care (companion animals, aquatics,...
Spectrum Brands markets branded household products across three segments: Global Pet Care (companion animals, aquatics, pet food), Home and Garden (pest control, repellents, cleaning), and Home and Personal Care (small appliances, personal grooming devices), sold through large retailers globally. The company employs approximately 3,000 full-time workers worldwide and plans to spin off its HPC segment. Retailer concentration is high across all three segments.