Spectrum Brands Holdings, Inc.
In the published model solve dated 2026-Q2, anchored at $90.55, Spectrum Brands Holdings, Inc. (SPB) is priced for today's economics sustained for ~12.0 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Spectrum Brands has shrunk its share count roughly 13% a year for four years while paying a $0.47 quarterly dividend, an equity-retirement pace almost no consumer company matches, funded by pet care and home-and-garden brands sold through mass retail [Source: Q1 FY2026 earnings release, February 5, 2026]. • The concentrated risk is a leveraged, tariff-exposed cost structure: many U.S. products are ⟦"manufactured in or sourced from China"⟧ and tariffs have ⟦"required us to increase prices to ou
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274 institutional managers reported holding SPB in 13F filings for the quarter ended 2026-03-31. 53 opened new positions that quarter. Held by Vanguard Group, Pzena Investment Management, BlackRock, among others. On the short side, 3.3M shares were sold short as of the 2026-06-15 count, about 14% of shares outstanding (9.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SPB has cut its share count 45.5% over the past five years, spending $1.10B on repurchases. It pays a dividend, and has for 8 years running; the current rate is $1.88 a share annually. Cash returned over the past three years: $135.50M in dividends and $886.10M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SPB over the trailing three years: 2023: 9 buys totaling $4.02M; 2026: 1 buy totaling $182k. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SPB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-13 | -0.9% | +9.9% |
| 2023-08-12 | +2.8% | -2.8% |
| 2024-02-09 | +7.3% | -6.8% |
| 2024-05-10 | +12.1% | -12.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SPB's latest 8-K filings: 2026-08-07 (items 2.02, 9.01); 2026-08-05 (items 5.07); 2026-05-07 (items 2.02, 9.01); 2026-05-04 (items 8.01, 9.01); 2026-02-05 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.