Hamilton Beach Brands Holding Co (NYSE:HBB) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokers have set a 12 month consensus price target of $26.00 for the company and are forecasting that the company will post $1.50 earnings per share for the current quarter, according to Zacks. Zacks has also given Hamilton Beach Brands an industry rank of 207 out of 257 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Hamilton Beach Brands from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, October 10th.
NYSE:HBB opened at $22.85 on Friday. Hamilton Beach Brands has a fifty-two week low of $18.03 and a fifty-two week high of $31.30. The stock has a market capitalization of $284.78 million and a PE ratio of 13.85. The company has a current ratio of 1.19, a quick ratio of 0.51 and a debt-to-equity ratio of 0.55.
Hamilton Beach Brands (NYSE:HBB) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. Hamilton Beach Brands had a net margin of 2.67% and a return on equity of 51.86%. The company had revenue of $196.90 million during the quarter. As a group, equities research analysts forecast that Hamilton Beach Brands will post 2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.34 annualized dividend and a dividend yield of 1.49%. Hamilton Beach Brands’s payout ratio is 20.61%.
In other Hamilton Beach Brands news, insider Frank F. Taplin sold 3,850 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 32.68% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its holdings in shares of Hamilton Beach Brands by 58.8% in the first quarter. UBS Group AG now owns 15,897 shares of the company’s stock valued at $337,000 after acquiring an additional 5,885 shares during the period. Royal Bank of Canada increased its position in shares of Hamilton Beach Brands by 1,316.2% in the first quarter. Royal Bank of Canada now owns 31,510 shares of the company’s stock valued at $669,000 after buying an additional 29,285 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Hamilton Beach Brands in the second quarter valued at $817,000. Rhumbline Advisers purchased a new position in shares of Hamilton Beach Brands in the second quarter valued at $208,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Hamilton Beach Brands during the second quarter valued at $399,000. Hedge funds and other institutional investors own 39.05% 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 under the Hamilton Beach, Proctor Silex brand names.
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