12 Best Household Stocks to Buy According to Hedge Funds

7. Spectrum Brands Holdings, Inc. (NYSE:SPB)

Number of Hedge Fund Holders: 38

Spectrum Brands Holdings, Inc. (NYSE:SPB) is a global manufacturer of branded home essentials and consumer products. It offers small household appliances, lawn and garden products, home pest control products, and others. The company manufactures, sells, and markets its products across Europe, the Middle East and Africa, North America, Latin America, and Asia-Pacific.

In Q1 2025, Spectrum Brands Holdings, Inc. (NYSE:SPB) reported a 1.2% growth in net sales, while organic sales grew by 1.9%. This growth was attributed to strategic investments in fiscal 2024 to enhance commercial operations and accelerate revenue growth. At the end of the quarter, the company had around $180 million in cash, with approximately $491 million available from its $500 million cash flow.

On February 7, Canaccord upgraded Spectrum Brands Holdings, Inc. (NYSE:SPB) to Buy from Hold with a price target of $102, up from $94. In a research note to investors, the analyst said that while the quarter and guidance “were nothing to write home about, they also weren’t the disaster that the stock’s recent performance suggests.” The firm believes that the company will buy back stock aggressively at current levels, providing a floor to the stock. It ranks seventh on our list of the 12 best household stocks to buy according to hedge funds.