Is Spectrum Brands (SPB) The Best Pet Stock To Invest In According To Analysts? [Yahoo! Finance]
Spectrum Brands Holdings, Inc. (SPB)
Last spectrum brands holdings, inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
The pet industry is a rapidly growing sector. It was valued at approximately $320 billion in 2023 and is projected to reach nearly $500 billion by 2030, according to Bloomberg Intelligence's Pet Economy Report. This growth is driven by a rising global pet population and an increasing trend of pet humanization, where owners treat pets as family members and are willing to spend more on their care, including premium food and health services. The report notes that the US is positioned to remain the largest pet market. In the United States, the market is expected to approach $200 billion by 2030, with significant spending on veterinary care and pet healthcare products. Ann-Hunter Van Kirk, Bloomberg Intelligence Senior Biopharmaceutical Analyst and co-author of the report, noted that improved pet nutrition is contributing to longer lifespans for pets, which in turn drives up spending on healthcare for aging animals. Analysts expect this trend of increased spending on pet health to con
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News
- Global Pet Grooming Products Market Expected to Reach $21.4 Billion by 2030, Driven by Evolving Consumer Trends and Increasing Humanization of Beloved Pets [Yahoo! Finance]Yahoo! Finance
- Spectrum Brands Holdings, Inc. (NYSE: SPB) had its price target raised by analysts at Canaccord Genuity Group Inc. from $91.00 to $94.00. They now have a "hold" rating on the stock.MarketBeat
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- Company News for Nov 18, 2024 [Yahoo! Finance]Yahoo! Finance
- Spectrum Brands Holdings Full Year 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
SPB
Earnings
- 11/15/24 - Miss
SPB
Analyst Actions
- 11/18/24 - Canaccord Genuity
SPB
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- SPB's page on the SEC website