Stock daily read

What happened with HBB today?

Why it moved
Explains possible causes using the day’s news and filings
Moving with the market?
Uses market moves and trading volume to assess what drove the change
What to watch next
The next thing that could change the call, and what to look for

No read yet

Uses news and trading volume to explain the day’s move and how it relates to the market.

Investment outlook

HBB in three months: buy, wait or sell?

Stop guessing. Get the call, a three-month target price, the best and worst cases, and a source for every claim.

In the report
  • Buy / Wait / Sell rating
  • 3-month target price
  • Bear · Base · Bull
  • vs. the market

Company

Company overview

Hamilton Beach Brands Holding Company earns most of its revenue from household appliances sold mainly in North America. It designs and markets products such as blenders, coffee makers and slow cookers under brands including Hamilton Beach, Proctor Silex and Weston. Retailers and distributors buy these products for resale, and the company also sells directly to consumers. A smaller commercial business sells equipment to restaurants, fast-food chains, bars and hotels.

Walmart and Amazon are its largest customers and together supply a substantial share of revenue. Neither has a long-term supply contract with the company, so sales depend on continuing purchase orders. The company relies on outside manufacturers for all its products and buys most finished products from China. It orders inventory ahead of demand, with sales typically strongest during the year-end holiday season.

Its much smaller Hamilton Beach Health business leases connected devices to specialty pharmacy networks and pharmaceutical companies and charges customers to use healthcare-management software. Certain health products are subject to clinical investigation and other regulatory requirements; some future products may need FDA or other approvals before they can be manufactured, marketed or shipped.

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Source: SEC filing

Red flags

Know what’s buried in HBB’s filings before you buy

The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.

Sorted into
  • Happening now
  • Could go wrong
  • Built in

Moat

HBB says it has a moat. Does it hold up?

Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.

Each edge rated
  • Strong
  • Moderate
  • Limited
  • Unproven

Related companies

  • Competition
  • Shared drivers
  • Supplier
  • Customer

Hamilton Beach’s results hinge on small-appliance demand, Walmart and Amazon’s purchasing decisions, and tariffs on finished products sourced predominantly from China.

  • Helen Of Troy Ltd competes with Hamilton Beach for retail space and shoppers, selling branded food-preparation, cooking and home products through overlapping stores and online channels. Watch its Home & Outdoor food-preparation and cooking sales for a read on demand in categories Hamilton Beach serves.

  • Aterian, Inc. competes with Hamilton Beach for online shoppers buying home and kitchen appliances, including on Amazon. With substantially all Aterian sales coming through Amazon’s U.S. marketplace, its appliance sales offer a window into the online demand and competition Hamilton Beach faces.

Agenda

in 8 daysWed, Oct 28

  1. 2:00 PMET

    Fed Interest Rate Decision

    The Fed’s benchmark interest-rate decision matters to Hamilton Beach because it can change the interest it pays on its floating-rate HBB Facility borrowing.

in 15 daysWed, Nov 4

  1. Time to be announced
    Major

    Hamilton Beach Brands Holding Company earningsThis company

    Most of Hamilton Beach’s revenue comes from home and commercial products, and this report will show whether sales can improve without squeezing gross margin.

in 23 daysThu, Nov 12

  1. Time to be announced

    Aterian, Inc. earningsATER

    Aterian sells mainly through Amazon’s U.S. marketplace, so its report offers a read on online appliance demand and the competition Hamilton Beach faces there.

in 86 daysThu, Jan 14

  1. Time to be announced

    Helen Of Troy Ltd earningsHELE

    Helen of Troy’s Home & Outdoor business sells food-preparation and cooking products, so its report offers a read on demand in categories where Hamilton Beach competes for retail space and online shoppers.