Zacks Investment Research upgraded shares of Hamilton Beach Brands (NYSE:HBB) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning. Zacks Investment Research currently has $29.00 target price on the stock.
According to Zacks, “Hamilton Beach Brands Holding Company is an operating holding company. Hamilton Beach Brands, Inc. is a designer, marketer and distributor of branded electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. Kitchen Collection, LLC is a specialty retailer of kitchenware in outlet and traditional malls primarily in the United States. Hamilton Beach Brands Holding Company is based in GLEN ALLEN, United States. “
NYSE:HBB opened at $23.97 on Tuesday. Hamilton Beach Brands has a 52 week low of $18.03 and a 52 week high of $33.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.51 and a current ratio of 1.19. The stock has a market cap of $349.29 million and a PE ratio of 14.53.
Hamilton Beach Brands (NYSE:HBB) last posted its earnings results on Wednesday, October 31st. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.16. Hamilton Beach Brands had a return on equity of 51.86% and a net margin of 2.67%. The firm had revenue of $196.90 million for the quarter. As a group, analysts expect that Hamilton Beach Brands will post 2 EPS for the current fiscal year.
In related news, insider Susan Sichel sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $25.63, for a total value of $51,260.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Frank F. Taplin sold 3,850 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $47,986.80, for a total transaction of $184,749,180.00. The disclosure for this sale can be found here. 32.68% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Hamilton Beach Brands by 92.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 853,211 shares of the company’s stock valued at $18,105,000 after buying an additional 409,946 shares in the last quarter. BlackRock Inc. lifted its stake in Hamilton Beach Brands by 44.2% in the 2nd quarter. BlackRock Inc. now owns 514,974 shares of the company’s stock valued at $14,960,000 after buying an additional 157,928 shares in the last quarter. FMR LLC lifted its stake in Hamilton Beach Brands by 4.9% in the 2nd quarter. FMR LLC now owns 356,221 shares of the company’s stock valued at $10,348,000 after buying an additional 16,600 shares in the last quarter. Northern Trust Corp lifted its stake in Hamilton Beach Brands by 64.5% in the 2nd quarter. Northern Trust Corp now owns 91,633 shares of the company’s stock worth $2,662,000 after purchasing an additional 35,916 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Hamilton Beach Brands by 693.2% in the 1st quarter. Allianz Asset Management GmbH now owns 88,213 shares of the company’s stock worth $1,872,000 after purchasing an additional 77,092 shares in the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.
About Hamilton Beach Brands
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.
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