How to Buy Spectrum Brands Holdings Stock
Spectrum Brands Holdings Inc
Spectrum Brands Holdings is a household & personal product company located in Wisconsin, United States, which is part of the Consumer Defensive sector, and is traded under the ticker SPB on the NYSE exchange.
Spectrum Brands Holdings stock last closed at $91.31, down 1.55% from the previous day, and has increased 19.44% in one year. It has overperformed other stocks in the Household & Personal Products industry by 0.17 percentage points. Spectrum Brands Holdings stock is currently +39.9% from its 52-week low of $65.27, and -5.61% from its 52-week high of $96.74.
There are currently 28.03M shares of SPB outstanding. The market cap of SPB is $2.56B. In the last 24 hours, 418,301 SPB shares were traded.
How to Buy Spectrum Brands Holdings Stock
Wondering how to invest in Spectrum Brands Holdings stock? Here's how.
- Decide where to buy Spectrum Brands Holdings stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Spectrum Brands Holdings stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your payment method and add your information.
- Research Spectrum Brands Holdings stock: The Spectrum Brands Holdings ticker symbol is SPB. Is Spectrum Brands Holdings stock a good investment? Should you buy shares of SPB? How do SPB's underlying business fundamentals look? Do top analysts think Spectrum Brands Holdings is a good buy? Why has SPB's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if SPB is a good stock to buy).
- Place your SPB trade: Decide if you will purchase SPB shares at the current market price or use a limit order to purchase SPB shares at a given price.
- Track your SPB investment: Create a watchlist to get the latest news on your position in Spectrum Brands Holdings stock.
Step 1: Decide where to buy Spectrum Brands Holdings stock
You need an online brokerage account to access the NYSE market and buy SPB stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you are able to buy SPB today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on stock market app, you can securely and quickly fund your account:
Watch the tutorial below if you need help depositing money into your new investment account.
Step 4: Research Spectrum Brands Holdings stock
After you have selected the best place to buy Spectrum Brands Holdings stock, it's important to analyze their stock prior to investing, so you can comprehend the risk and upside.
Spectrum Brands Holdings Numbers
SPB Overview
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on SPB's stock page.
What is the fair value of SPB stock?
You can use many financial metrics, analyses, models, and charts to gauge SPB's fair value.
Using relative valuations ratios:
- SPB may be undervalued based on its P/E ratio of 18.52x, relative to Household & Personal Products industry P/E ratio of 31.7x
- SPB could be undervalued based on its P/B ratio of 1.23x, relative to Household & Personal Products industry P/B ratio of 7.68x
- SPB could be overvalued based on its PEG ratio of 1.08x
You can do more valuation analysis on SPB's stock here.
SPB Financial Health
Pros:
- There are more short-term assets than short-term liabilities on the SPB balance sheet.
- There are more short-term assets than long-term liabilities on the SPB balance sheet.
- Total SPB debt is lower than 5 years ago, relative to shareholder equity.
- SPB has $306.80M in cash and short term investments. This is enough to cover its annual cash burn of $773.60M.
Cons:
- SPB has a relatively high debt to equity ratio of 0.8.
- SPB has cash burn of 773600000. It does not have sufficient cash and short-term investments to cover this.
- SPB profit margin has gone down from 61.5% to 3.9% in the past year.
Do Wall Street analysts think it's a good time to buy SPB stock
Out of 6 sell side analysts who give ratings on SPB, the consensus analyst rating on SPB is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent SPB Analyst Forecasts
Ian Zaffino, a top 21% analyst from Oppenheimer maintains SPB with a buy rating and raises their SPB price target from $88.00 to $115.00, on May 10, 2024.
You can dig deeper into what analysts are forecasting on the Spectrum Brands Holdings stock forecast page.
Metrics for Advanced SPB Traders
SPB Earnings
Last year, SPB earnings were $113.10M. During the past 5 year, SPB's earnings have increased by -0.48% per year. This was slower than the Household & Personal Products industry average of 12.68%.
Last year, SPB revenue was $2.93B. In the last 5 year, SPB's revenue has grown by -4.98% per year. This was slower than the Household & Personal Products industry average of 4.09%.
You can analyze SPB's earnings and revenue performance here.
What are SPB executives and large shareholders up to?
In the last year, executives and large shareholders at SPB have bought more shares than they have sold.
David M. Maura, Executive Chairman and CEO of SPB, was the latest SPB insider to sell. They sold $2,215,665.60 worth of SPB stock on May 10, 2024.
Get more info about who owns SPB shares here.
Does SPB provide a stable income stream?
Spectrum Brands Holdings pays a dividend of 1.84%, compared to the Household & Personal Products industry's average dividend yield of 2.73%. If you owned $1,000 of SPB stock, you would have been paid $18.40 in the past year.
Spectrum Brands Holdings dividend payments have not consistently grown over the past decade but have remained stable.
Find more data about Spectrum Brands Holdings dividend yield and history here.
What others are saying about SPB
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your SPB trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you want additional assistance buying stocks on eToro, click the how to video below:
Step 6: Track your SPB investment
Now that you own some SPB shares, you'll want to keep up with your new shares.
Add SPB to a watchlist to track your SPB stock.
SPB Feed
How to Buy Stock in Spectrum Brands Holdings
To reiterate, here are the 6 steps to buy stock in Spectrum Brands Holdings:
- Decide where to buy Spectrum Brands Holdings stock
- Create a brokerage account
- Deposit money your brokerage account
- Research Spectrum Brands Holdings stock
- Place your SPB trade
- Track your SPB investment
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to track your new investment in Spectrum Brands Holdings, click the button below.
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