Barclays Issues Pessimistic Forecast for Hillman Solutions (NASDAQ:HLMN) Stock Price

Key Points

• Barclays cut its Hillman Solutions price target from $11 to $10 and maintained an “equal weight” rating; the new target implies 17.86% upside from the then-current share price.
• Analyst views were mixed, but the consensus rating was “Moderate Buy” with a $12 price target. Canaccord also lowered its target, while Jefferies upgraded the stock to “Strong Buy.”
• Hillman reported quarterly EPS of $0.22, slightly above the $0.21 estimate, but revenue of $457.49 million fell short of the $462.10 million consensus.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) had its price target lowered by Barclays from $11.00 to $10.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 17.86% from the stock's current price.

Several other research firms have also issued reports on HLMN. Jefferies Financial Group raised shares of Hillman Solutions to a "strong-buy" rating in a research note on Thursday, September 10th. Raymond James Financial downgraded shares of Hillman Solutions from an "outperform" rating to a "hold" rating in a research report on Thursday, October 1st. Canaccord Genuity Group reduced their price target on Hillman Solutions from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Weiss Ratings raised Hillman Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN traded down $0.29 during trading on Thursday, hitting $8.48. The company had a trading volume of 1,792,053 shares, compared to its average volume of 1,599,525. The company has a market cap of $1.65 billion, a P/E ratio of 65.19, a PEG ratio of 1.17 and a beta of 1.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. The business's 50-day moving average is $7.35 and its 200 day moving average is $8.12. Hillman Solutions has a 52 week low of $6.66 and a 52 week high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results on Monday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. The company had revenue of $457.49 million for the quarter, compared to analyst estimates of $462.10 million. Hillman Solutions had a return on equity of 9.05% and a net margin of 1.48%. Equities research analysts predict that Hillman Solutions will post 0.60 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Aaron Parker sold 17,381 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the transaction, the insider directly owned 54,723 shares in the company, valued at $468,976.11. This represents a 24.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert O. Kraft purchased 35,500 shares of Hillman Solutions stock in a transaction on Friday, September 11th. The stock was bought at an average cost of $7.00 per share, with a total value of $248,500.00. Following the completion of the acquisition, the chief financial officer owned 697,090 shares in the company, valued at approximately $4,879,630. This trade represents a 5.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HLMN. Integrated Wealth Concepts LLC bought a new stake in Hillman Solutions in the second quarter valued at about $25,000. Public Employees Retirement System of Ohio acquired a new position in Hillman Solutions in the second quarter valued at about $42,000. Avidian Wealth Enterprises LLC bought a new position in Hillman Solutions during the third quarter worth about $73,000. Diversified Management Inc. bought a new position in Hillman Solutions during the third quarter worth about $78,000. Finally, NewEdge Wealth LLC acquired a new position in shares of Hillman Solutions during the 2nd quarter worth about $88,000. Institutional investors and hedge funds own 98.11% of the company's stock.

About Hillman Solutions

Hillman Solutions Corp. NASDAQ: HLMN provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.

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