Canaccord Genuity Group Issues Pessimistic Forecast for Hillman Solutions (NASDAQ:HLMN) Stock Price

Key Points

• Canaccord Genuity cut its Hillman Solutions price target from $13 to $12 but maintained a Buy rating, implying 36.67% upside from the prior close.
• Analyst views are mixed: MarketBeat reports an average “Moderate Buy” rating and a $12.33 average price target.
• Hillman beat quarterly EPS estimates, reporting $0.22 per share versus the $0.21 consensus, while revenue of $457.49 million fell short of the $462.10 million estimate.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) had its price objective lowered by stock analysts at Canaccord Genuity Group from $13.00 to $12.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 36.67% from the company's previous close.

Several other equities analysts have also issued reports on HLMN. Barclays lifted their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, August 10th. Weiss Ratings raised Hillman Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, October 29th. Raymond James Financial cut Hillman Solutions from an "outperform" rating to a "hold" rating in a research report on Thursday, October 1st. Finally, Jefferies Financial Group upgraded Hillman Solutions to a "strong-buy" rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Hillman Solutions currently has an average rating of "Moderate Buy" and an average price target of $12.33.

Hillman Solutions Stock Up 5.1%

HLMN traded up $0.43 on Wednesday, hitting $8.78. The company had a trading volume of 2,808,026 shares, compared to its average volume of 1,599,018. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 67.54, a P/E/G ratio of 1.18 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 stock has a fifty day moving average price of $7.34 and a 200-day moving average price of $8.13. Hillman Solutions has a 12-month low of $6.66 and a 12-month high of $10.85.

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

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider owned 54,723 shares of the company's stock, valued at approximately $468,976.11. The trade was a 24.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Amanda Kitzberger sold 13,750 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the sale, the insider owned 58,855 shares in the company, valued at approximately $426,698.75. The trade was a 18.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in Hillman Solutions in the 2nd quarter worth approximately $25,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Hillman Solutions during the 2nd quarter valued at about $42,000. Avidian Wealth Enterprises LLC purchased a new position in shares of Hillman Solutions in the 3rd quarter valued at about $73,000. Diversified Management Inc. purchased a new position in shares of Hillman Solutions in the 3rd quarter valued at about $78,000. Finally, NewEdge Wealth LLC acquired a new position in Hillman Solutions in the 2nd quarter worth about $88,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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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