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MarketScreener Homepage  >  Equities  >  Nyse  >  Hamilton Beach Brands Holding Company    HBB

HAMILTON BEACH BRANDS HOLDING COMPANY

(HBB)
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Shareholder Alert: Robbins LLP Announces Hamilton Beach Brands Holding Company (HBB) Sued for Misleading Shareholders

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06/03/2020 | 05:09pm EDT

Shareholder rights law firm Robbins LLP announces that a purchaser of Hamilton Beach Brands Holding Company (NYSE: HBB) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between February 27, 2020 and May 8, 2020. Hamilton designs, markets, and distributes small electric household and specialty housewares appliances.

If you suffered a loss as a result of Hamilton's misconduct, click here.

Hamilton Beach Brands Holding Company (HBB) Accused of Misleading Shareholders

According to the complaint, on February 27, 2020, Hamilton filed its annual report for 2019 and assured investors that its "disclosure controls and procedures [were] effective" as well as its internal control over financial reporting. Later that day in an earnings call, Hamilton stated that its international markets, which includes Mexico, "have generated a compound annual growth rate of more than 5% in the past five years" and went on to state that "Mexico… [has] just taken off in the past year to 18 months and the team has done a great job to be really on the forefront of that market." Contrary to these positive presentations, on May 11, 2020, Hamilton revealed that it was unable to timely file its 1Q20 10-Q because of "certain accounting irregularities with respect to the timing of selling and marketing expenses and the classification of certain expenditures within the statement of operations at its Mexican subsidiary." On this news, Hamilton's stock price fell almost 9% to close at $10.43 per share.

Hamilton Beach Brands Holding Company (HBB) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
lkandinov@robbinsllp.com
Shareholder Information Form

Want to be notified if a class action against Hamilton settles? Want to receive free alerts about companies engaged in wrongdoing? Sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.


© Business Wire 2020
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Financials (USD)
Sales 2020 - - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 6,05x
Yield 2020 -
Capitalization 152 M 152 M -
EV / Sales 2019
Capi. / Sales 2020 -
Nbr of Employees 680
Free-Float 33,9%
Chart HAMILTON BEACH BRANDS HOLDING COMPANY
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Technical analysis trends HAMILTON BEACH BRANDS HOLD
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 15,00 $
Last Close Price 11,19 $
Spread / Highest target 34,0%
Spread / Average Target 34,0%
Spread / Lowest Target 34,0%
EPS Revisions
Managers
NameTitle
Gregory H. Trepp President, Chief Executive Officer & Director
Alfred M. Rankin Non-Executive Chairman
Gregory E. Salyers Senior Vice President-Global Operations
Michelle O. Mosier Chief Financial Officer, Treasurer & VP
John P. Jumper Independent Director
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