Hamilton Beach Brands Holding Co (HBB) Given $20.00 Average Target Price by Analysts

Shares of Hamilton Beach Brands Holding Co (NYSE:HBB) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 1-year consensus price objective of $20.00 for the company and are expecting that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also given Hamilton Beach Brands an industry rank of 235 out of 255 based on the ratings given to related companies.

HBB has been the topic of several recent analyst reports. TheStreet lowered Hamilton Beach Brands from a “c-” rating to a “d” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered Hamilton Beach Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th.

Shares of HBB opened at $22.29 on Monday. Hamilton Beach Brands has a 52-week low of $18.03 and a 52-week high of $31.30. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $308.49 million, a price-to-earnings ratio of 14.02 and a beta of -0.15.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.41). Hamilton Beach Brands had a net margin of 2.93% and a return on equity of 40.81%. The business had revenue of $241.70 million during the quarter. Equities analysts predict that Hamilton Beach Brands will post 1.8 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Hamilton Beach Brands by 11.7% during the third quarter. BlackRock Inc. now owns 575,374 shares of the company’s stock valued at $12,625,000 after acquiring an additional 60,400 shares in the last quarter. FMR LLC increased its holdings in shares of Hamilton Beach Brands by 34.2% during the fourth quarter. FMR LLC now owns 477,889 shares of the company’s stock valued at $11,211,000 after acquiring an additional 121,668 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Hamilton Beach Brands by 4.6% during the third quarter. Vanguard Group Inc now owns 371,260 shares of the company’s stock valued at $8,146,000 after acquiring an additional 16,475 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Hamilton Beach Brands by 4.6% during the third quarter. Vanguard Group Inc. now owns 371,260 shares of the company’s stock valued at $8,146,000 after acquiring an additional 16,475 shares in the last quarter. Finally, Ancora Advisors LLC increased its holdings in shares of Hamilton Beach Brands by 57.2% during the fourth quarter. Ancora Advisors LLC now owns 341,565 shares of the company’s stock valued at $8,013,000 after acquiring an additional 124,351 shares in the last quarter. Hedge funds and other institutional investors own 39.15% of the company’s stock.

Hamilton Beach Brands Company Profile

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 Hamilton Beach Commercial and Proctor Silex Commercial brands.

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