FY2026 EPS Estimates for High Tide Cut by Ventum Cap Mkts

Key Points

• High Tide Inc. saw its FY2026 EPS estimate lowered from $0.19 to $0.17 by Ventum Capital Markets, while the current consensus for full-year earnings is projected at ($0.04) per share.
• Despite the downgrade, High Tide has received generally favorable coverage, with Roth Capital maintaining a "buy" rating and a price target increase to $5.00.
• High Tide's institutional ownership has increased, with Osaic Holdings raising its position by an extraordinary 82,976.9% in the last quarter.

High Tide Inc. (NASDAQ:HITI - Free Report) - Equities research analysts at Ventum Cap Mkts decreased their FY2026 earnings per share (EPS) estimates for High Tide in a note issued to investors on Wednesday, September 17th. Ventum Cap Mkts analyst A. Semple now anticipates that the company will post earnings of $0.17 per share for the year, down from their previous forecast of $0.19. The consensus estimate for High Tide's current full-year earnings is ($0.04) per share.

Several other equities analysts also recently weighed in on HITI. Roth Capital reiterated a "buy" rating and set a $5.00 target price (up from $4.50) on shares of High Tide in a research report on Wednesday, June 18th. Haywood Securities upgraded High Tide to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Wall Street Zen upgraded High Tide from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, High Tide presently has a consensus rating of "Strong Buy" and an average target price of $5.00.

High Tide Stock Performance

NASDAQ HITI traded down $0.03 on Friday, hitting $3.63. 313,688 shares of the company traded hands, compared to its average volume of 608,215. The company has a market capitalization of $315.77 million, a price-to-earnings ratio of -45.31 and a beta of 0.58. The company has a current ratio of 1.85, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42. The business's 50 day moving average price is $2.91 and its 200-day moving average price is $2.47. High Tide has a 52-week low of $1.64 and a 52-week high of $4.06.

High Tide (NASDAQ:HITI - Get Free Report) last issued its quarterly earnings data on Monday, September 15th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $108.04 million during the quarter, compared to analyst estimates of $146.00 million. High Tide had a negative return on equity of 6.50% and a negative net margin of 1.66%.

Institutional Investors Weigh In On High Tide

Large investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP grew its stake in shares of High Tide by 146.0% during the fourth quarter. Two Sigma Investments LP now owns 311,304 shares of the company's stock valued at $962,000 after buying an additional 184,780 shares during the last quarter. Jane Street Group LLC grew its stake in shares of High Tide by 50.6% during the fourth quarter. Jane Street Group LLC now owns 53,089 shares of the company's stock valued at $163,000 after buying an additional 17,837 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of High Tide by 8,334.5% during the fourth quarter. Lazard Asset Management LLC now owns 51,535 shares of the company's stock valued at $159,000 after buying an additional 50,924 shares during the last quarter. State of Wyoming grew its stake in shares of High Tide by 55.7% during the first quarter. State of Wyoming now owns 242,241 shares of the company's stock valued at $458,000 after buying an additional 86,682 shares during the last quarter. Finally, Murchinson Ltd. bought a new position in shares of High Tide during the second quarter valued at approximately $398,000. 4.52% of the stock is owned by institutional investors.

About High Tide

High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.