Zacks Investment Research Downgrades Hamilton Beach Brands (NYSE:HBB) to Sell

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Zacks Investment Research downgraded shares of Hamilton Beach Brands (NYSE:HBB) from a hold rating to a sell rating in a research note released on Friday, Zacks.com reports.

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. “

Separately, TheStreet cut shares of Hamilton Beach Brands from a c- rating to a d rating in a research report on Thursday, April 4th.

Shares of NYSE:HBB opened at $14.18 on Friday. Hamilton Beach Brands has a one year low of $12.60 and a one year high of $29.35. The business’s 50 day simple moving average is $16.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.59 and a current ratio of 1.28. The firm has a market cap of $184.77 million, a PE ratio of 8.92 and a beta of -0.04.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.07) EPS for the quarter, missing the 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. On average, sell-side analysts anticipate that Hamilton Beach Brands will post 1.7 EPS for the current year.

In other news, Director Gregory H. Trepp acquired 6,000 shares of Hamilton Beach Brands stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $16.86 per share, with a total value of $101,160.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott Tidey acquired 2,361 shares of Hamilton Beach Brands stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $17.20 per share, for a total transaction of $40,609.20. The disclosure for this purchase can be found here. Insiders have purchased a total of 15,861 shares of company stock worth $258,819 in the last three months. 33.12% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in HBB. First Trust Advisors LP bought a new position in Hamilton Beach Brands in the fourth quarter valued at approximately $219,000. Bank of New York Mellon Corp lifted its stake 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 buying an additional 32,253 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hamilton Beach Brands by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 76,028 shares of the company’s stock valued at $1,783,000 after buying an additional 3,592 shares in the last quarter. Bank of America Corp DE lifted its stake in Hamilton Beach Brands by 39.3% in the fourth quarter. Bank of America Corp DE now owns 6,035 shares of the company’s stock valued at $141,000 after buying an additional 1,703 shares in the last quarter. Finally, FMR LLC lifted its stake in Hamilton Beach Brands by 34.2% in the fourth quarter. FMR LLC now owns 477,889 shares of the company’s stock valued at $11,211,000 after buying an additional 121,668 shares in the last quarter. 36.34% of the stock is currently owned by hedge funds and other institutional investors.

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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