SPB Should I Buy
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Spectrum Brands Holdings Inc (SPB) is a good buy for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. The stock has strong analyst support with raised price targets, positive financial growth in net income and EPS, and a bullish technical setup. Despite minor headwinds in revenue and gross margin, the company's overall performance and sentiment are favorable for long-term investment.
The stock is in a bullish trend with MACD above 0 and positively contracting, indicating momentum. RSI at 85.752 suggests the stock is overbought, but moving averages (SMA_5 > SMA_20 > SMA_200) confirm a strong upward trend. The current price of $78.21 is near the resistance level of R1 ($78.611), with the next resistance at R2 ($80.469).
Analysts have raised price targets to $85-$94, with consistent Outperform and Buy ratings.
Q1 financials show significant growth in net income (+20.85% YoY) and EPS (+44.05% YoY).
Bullish technical indicators and strong upward momentum.
The stock has a 6.85% chance of increasing in the next month.
Revenue dropped by -3.31% YoY, and gross margin declined by -3.07% YoY.
Stock is overbought based on RSI, suggesting potential short-term pullback.
No significant hedge fund or insider trading trends.
In Q1 2026, revenue dropped to $677M (-3.31% YoY), but net income increased to $28.4M (+20.85% YoY) and EPS rose to 1.21 (+44.05% YoY). Gross margin declined to 35.69% (-3.07% YoY), but overall profitability improved.
Analysts are bullish on SPB, with Oppenheimer, RBC Capital, and Canaccord raising price targets to $85-$94. Analysts highlight strong Q1 results, including sales and adjusted EPS exceeding expectations, despite weaker organic growth.
