Last Updated: 17 Sep 2024
Executive Summary
Hamilton Beach Brands Holding Co Class A (HBB) is a leading designer, marketer, and distributor of small electrical appliances and specialty appliances. The company has a strong track record of financial performance, with consistent revenue and earnings growth. HBB's stock price has outperformed the broader market in recent years, and the company is expected to continue to perform well in the future.
Company Overview
Hamilton Beach Brands Holding Co Class A was founded in 1910 and is headquartered in Glen Allen, Virginia. The company's products are sold in over 100 countries worldwide. HBB's brands include Hamilton Beach, Proctor Silex, and Black+Decker.
The company's products are used in a variety of settings, including homes, offices, and restaurants. HBB's products are known for their quality, durability, and innovation.
Fundamental Analysis
HBB's financial performance has been strong in recent years. The company's revenue has grown from $553.3 million in 2017 to $644.8 million in 2023. HBB's net income has also grown significantly, from $29.7 million in 2017 to $54.9 million in 2023.
The company's gross margin has remained relatively stable in recent years, averaging around 20%. HBB's operating margin has also been relatively stable, averaging around 6%.
HBB's return on assets (ROA) and return on equity (ROE) have both improved in recent years. The company's ROA was 8.8% in 2023, up from 7.3% in 2017. HBB's ROE was 26.3% in 2023, up from 20.1% in 2017.
Technical Analysis
HBB's stock price has outperformed the broader market in recent years. The company's stock price has risen from $10.62 in 2017 to $29.16 in 2023.
HBB's stock price is currently trading above its 50-day and 200-day moving averages. The company's relative strength index (RSI) is also above 50, indicating that the stock is in a bullish trend.
Short Term Outlook
HBB's stock price is expected to continue to perform well in the short term. The company's strong financial performance and positive technical indicators suggest that the stock is in a bullish trend.
Long Term Outlook
HBB's long-term outlook is also positive. The company's strong brand recognition, innovative products, and global distribution network position it well for continued growth.
Analyst Recommendations
The majority of analysts who cover HBB have a positive outlook on the stock. The average analyst rating for HBB is "Hold". The average analyst target price for HBB is $13.00.
