Hamilton Beach Brands (NYSE:HBB) to Buyback $25.00 million in Stock

Hamilton Beach Brands (NYSE:HBB) declared that its Board of Directors has initiated a share repurchase program on Thursday, November 20th, RTT News reports. The company plans to buyback $25.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 13.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Hamilton Beach Brands Stock Performance

Shares of HBB traded up $0.10 during trading hours on Thursday, reaching $14.26. 13,176 shares of the company traded hands, compared to its average volume of 19,179. The company has a quick ratio of 0.86, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $14.43 and a 200-day moving average price of $15.85. Hamilton Beach Brands has a 12-month low of $12.72 and a 12-month high of $21.20. The stock has a market capitalization of $191.67 million, a P/E ratio of 6.12 and a beta of 0.03.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter. The company had revenue of $132.78 million during the quarter. Hamilton Beach Brands had a return on equity of 19.42% and a net margin of 5.25%.

Analysts Set New Price Targets

Several research analysts recently weighed in on HBB shares. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Beach Brands in a research note on Friday, October 31st. Wall Street Zen downgraded Hamilton Beach Brands from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.