Zacks: Hamilton Beach Brands Holding Co (NYSE:HBB) Given $18.00 Consensus Target Price by Analysts

Shares of Hamilton Beach Brands Holding Co (NYSE:HBB) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a twelve-month consensus target price of $18.00 for the company and are forecasting that the company will post $0.60 earnings per share for the current quarter, according to Zacks. Zacks has also given Hamilton Beach Brands an industry rank of 219 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Hamilton Beach Brands from a “hold” rating to a “sell” rating in a research report on Friday.

NYSE:HBB traded up $0.77 on Monday, reaching $14.11. 3,660 shares of the company’s stock were exchanged, compared to its average volume of 37,191. The company has a quick ratio of 0.59, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a market cap of $184.77 million, a price-to-earnings ratio of 8.93 and a beta of -0.04. The business has a fifty day simple moving average of $17.13. Hamilton Beach Brands has a 52-week low of $12.60 and a 52-week high of $29.35.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.10). Hamilton Beach Brands had a return on equity of 33.66% and a net margin of 2.78%. The business had revenue of $148.43 million for the quarter. As a group, research analysts anticipate that Hamilton Beach Brands will post 1.7 EPS for the current year.

In related news, Director Gregory H. Trepp acquired 6,000 shares of the stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $16.86 per share, with a total value of $101,160.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory H. Trepp acquired 5,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $14.12 per share, with a total value of $70,600.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 15,861 shares of company stock valued at $258,819. Corporate insiders own 33.12% of the company’s stock.

Several institutional investors have recently made changes to their positions in HBB. FMR LLC grew its position in shares of Hamilton Beach Brands by 29.3% during the first quarter. FMR LLC now owns 617,836 shares of the company’s stock worth $13,259,000 after buying an additional 139,947 shares in the last quarter. Zuckerman Investment Group LLC boosted its holdings in Hamilton Beach Brands by 19.1% in the first quarter. Zuckerman Investment Group LLC now owns 781,476 shares of the company’s stock valued at $16,770,000 after purchasing an additional 125,325 shares in the last quarter. Spark Investment Management LLC boosted its holdings in Hamilton Beach Brands by 173.1% in the first quarter. Spark Investment Management LLC now owns 53,837 shares of the company’s stock valued at $1,155,000 after purchasing an additional 34,123 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Hamilton Beach Brands by 120.2% in the fourth quarter. Bank of New York Mellon Corp now owns 59,095 shares of the company’s stock valued at $1,387,000 after purchasing an additional 32,253 shares in the last quarter. Finally, Barings LLC acquired a new position in Hamilton Beach Brands in the first quarter valued at approximately $455,000. 36.34% of the stock is owned by institutional investors and hedge funds.

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 Hamilton Beach Commercial and Proctor Silex Commercial brands.

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