Hillman Solutions (NASDAQ:HLMN) Price Target Raised to $10.00

Key Points

• Barclays has raised its target price for Hillman Solutions (NASDAQ:HLMN) from $8.00 to $10.00, indicating a potential upside of 1.06% from the stock’s previous close, while maintaining an "equal weight" rating.
• Several analysts have updated their ratings, with Baird R W downgrading Hillman from "strong-buy" to "hold," but the consensus rating remains at "Hold" with an average target price of $11.08.
• Hillman Solutions reported better-than-expected earnings of $0.17 per share for the last quarter, exceeding analysts' estimates and reflecting a revenue increase of 6.2% year-over-year.

Hillman Solutions (NASDAQ:HLMN - Free Report) had its price target raised by Barclays from $8.00 to $10.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

HLMN has been the subject of a number of other reports. Robert W. Baird reduced their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Hillman Solutions from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Stifel Nicolaus started coverage on Hillman Solutions in a research report on Monday, July 14th. They issued a "buy" rating and a $9.50 price target for the company. Raymond James Financial set a $10.00 price target on Hillman Solutions and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.42.

Hillman Solutions Stock Up 0.2%

HLMN traded up $0.02 on Wednesday, reaching $9.96. 175,087 shares of the company traded hands, compared to its average volume of 1,449,002. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 90.51 and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.79. The stock's 50 day moving average price is $7.63 and its 200-day moving average price is $8.37. Hillman Solutions has a 52-week low of $6.55 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The business had revenue of $402.80 million for the quarter, compared to analysts' expectations of $389.45 million. The firm's quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new stake in Hillman Solutions during the fourth quarter worth about $25,000. KBC Group NV acquired a new stake in shares of Hillman Solutions during the 1st quarter worth approximately $35,000. Sterling Capital Management LLC increased its position in shares of Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after purchasing an additional 4,572 shares during the period. Lazard Asset Management LLC lifted its position in Hillman Solutions by 1,911.4% in the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock worth $63,000 after purchasing an additional 6,193 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Hillman Solutions in the fourth quarter worth $79,000. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.