S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
TSE:HDI

Hardwoods Distribution - HDI Stock Forecast, Price & News

C$32.73
+0.10 (+0.31%)
(As of 08/5/2022 08:50 PM ET)
Add
Compare
Today's Range
C$32.14
C$32.90
50-Day Range
C$27.38
C$33.41
52-Week Range
C$26.92
C$49.58
Volume
37,616 shs
Average Volume
92,168 shs
Market Capitalization
C$779.56 million
P/E Ratio
4.26
Dividend Yield
1.47%
Price Target
C$60.50

Hardwoods Distribution MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
84.8% Upside
C$60.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.05mentions of Hardwoods Distribution in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

HDI stock logo

About Hardwoods Distribution (TSE:HDI) Stock

Hardwoods Distribution Inc. engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates. The company also manufactures, imports, and distributes hardwood lumber, millwork, and architectural sheet goods. It serves small-to-mid-sized industrial manufacturers of cabinets, moldings, custom finishing, home furniture, home renovations, finishing millwork for office buildings, restaurant and bar interiors, hotel lobbies, retail point-of-purchase displays, schools, hospitals, custom motor coaches, yacht interiors, and other specialty areas. As of March 11, 2022, the company operated 86 distribution facilities in North America. Hardwoods Distribution Inc. was incorporated in 2012 and is headquartered in Langley, Canada.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Cormark decreased their price objective on Hardwoods Distribution from C$70.00 to C$55.00 in a research report on Monday, May 16th. CIBC decreased their price objective on Hardwoods Distribution from C$50.00 to C$41.00 in a research report on Friday, July 8th. TD Securities decreased their price objective on Hardwoods Distribution from C$73.00 to C$64.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Canaccord Genuity Group increased their price objective on Hardwoods Distribution from C$60.00 to C$63.00 in a research report on Monday, May 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Hardwoods Distribution has a consensus rating of "Buy" and a consensus price target of C$61.29.

Hardwoods Distribution Price Performance

Hardwoods Distribution stock traded up C$0.10 during mid-day trading on Friday, hitting C$32.73. 37,617 shares of the company were exchanged, compared to its average volume of 92,168. The company has a debt-to-equity ratio of 196.76, a current ratio of 1.49 and a quick ratio of 0.46. The business's 50 day simple moving average is C$30.23 and its two-hundred day simple moving average is C$35.35. The company has a market capitalization of C$779.58 million and a P/E ratio of 4.26. Hardwoods Distribution has a 12-month low of C$26.92 and a 12-month high of C$49.58.

Hardwoods Distribution (TSE:HDI - Get Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported C$2.37 earnings per share for the quarter, topping the consensus estimate of C$1.54 by C$0.83. The company had revenue of C$816.89 million for the quarter, compared to analysts' expectations of C$712.03 million. Analysts forecast that Hardwoods Distribution will post 6.2700001 earnings per share for the current fiscal year.

Hardwoods Distribution Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 29th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, July 15th. Hardwoods Distribution's dividend payout ratio is currently 6.25%.

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HDI Stock News Headlines

Hardwoods Distribution (TSE:HDI) PT Lowered to C$64.00
Hardwoods Distribution Inc stock advanced on Friday.
HDI Announces Record First Quarter 2022 Results
HDI Announces Annual and Fourth Quarter 2021 Results
Stocks in play: Hardwoods Distribution Inc.
Hardwoods Distribution Inc. (TSE:HDI) Has A ROE Of 26%
For your consideration: Hardwoods Distribution Inc.
HDI Announces Record Third Quarter 2021 Results
HDI Appoints George R. Judd to Board of Directors
See More Headlines
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HDI Company Calendar

Last Earnings
5/12/2022
Ex-Dividend for 7/29 Dividend
7/15/2022
Dividend Payable
7/29/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/11/2022

Industry, Sector and Symbol

Industry
Industrial Distribution
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,734
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$60.50
High Stock Price Forecast
C$79.50
Low Stock Price Forecast
C$41.00
Forecasted Upside/Downside
+84.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.97 billion
Cash Flow
C$0.69 per share
Book Value
C$19.12 per share

Miscellaneous

Free Float
N/A
Market Cap
C$779.56 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Robert J. Brown
    Pres, CEO & Director
  • Mr. Faiz H. Karmally
    VP, CFO & Sec.
  • Mr. Lance R. Blanco
    Sr. VP of Corp. Devel.
  • Mr. Daniel A. Besen (Age 64)
    Sr. VP of Hardwoods USA
    Comp: $995.08k
  • Mr. Drew H. Dickinson
    Pres of Rugby Architectural Building Products
  • Ian Tharp
    Investor Relations
  • Ms. Renee Murdoch
    VP of HR
  • Mr. David Hughes
    Sr. VP of Acquisitions
  • Mr. Jeffrey W. Leys
    Pres & COO of Novo Building Products













HDI Stock - Frequently Asked Questions

Should I buy or sell Hardwoods Distribution stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hardwoods Distribution in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Hardwoods Distribution stock.
View analyst ratings for Hardwoods Distribution
or view top-rated stocks.

What is Hardwoods Distribution's stock price forecast for 2022?

6 analysts have issued 1 year target prices for Hardwoods Distribution's shares. Their HDI stock forecasts range from C$41.00 to C$79.50. On average, they expect Hardwoods Distribution's stock price to reach C$60.50 in the next twelve months. This suggests a possible upside of 84.8% from the stock's current price.
View analysts' price targets for Hardwoods Distribution
or view top-rated stocks among Wall Street analysts.

How has Hardwoods Distribution's stock price performed in 2022?

Hardwoods Distribution's stock was trading at C$44.80 at the beginning of the year. Since then, HDI shares have decreased by 26.9% and is now trading at C$32.73.
View the best growth stocks for 2022 here
.

When is Hardwoods Distribution's next earnings date?

Hardwoods Distribution is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Hardwoods Distribution
.

How were Hardwoods Distribution's earnings last quarter?

Hardwoods Distribution Inc. (TSE:HDI) announced its quarterly earnings data on Thursday, May, 12th. The company reported $2.37 EPS for the quarter, topping the consensus estimate of $1.54 by $0.83. The business had revenue of $816.89 million for the quarter, compared to analysts' expectations of $712.03 million.

How often does Hardwoods Distribution pay dividends? What is the dividend yield for Hardwoods Distribution?

Hardwoods Distribution declared a quarterly dividend on Friday, July 15th. Shareholders of record on Friday, July 29th will be given a dividend of 0.12 per share on Friday, July 29th. This represents a $0.48 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, July 15th.
View Hardwoods Distribution's dividend history
.

Is Hardwoods Distribution a good dividend stock?

Hardwoods Distribution(TSE:HDI) pays an annual dividend of C$0.34 per share and currently has a dividend yield of 1.47%. The dividend payout ratio of Hardwoods Distribution is 4.38%. This payout ratio is at a healthy, sustainable level, below 75%.
View Hardwoods Distribution's dividend history.

What other stocks do shareholders of Hardwoods Distribution own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hardwoods Distribution investors own include Altius Minerals (ALS), Stella-Jones (SJ), Suncor Energy (SU), Aurora Cannabis (ACB), Air Canada (AC), AltaGas (ALA), A and W Revenue Royalties Income Fund (AW.UN), Brookfield Property Partners (BPY.UN), Baytex Energy (BTE) and Bellatrix Exploration (BXE).

What is Hardwoods Distribution's stock symbol?

Hardwoods Distribution trades on the Toronto Stock Exchange (TSX) under the ticker symbol "HDI."

How do I buy shares of Hardwoods Distribution?

Shares of HDI stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Hardwoods Distribution's stock price today?

One share of HDI stock can currently be purchased for approximately C$32.73.

How much money does Hardwoods Distribution make?

Hardwoods Distribution (TSE:HDI) has a market capitalization of C$779.56 million and generates C$1.97 billion in revenue each year.

How many employees does Hardwoods Distribution have?

Hardwoods Distribution employs 2,734 workers across the globe.

How can I contact Hardwoods Distribution?

The official website for Hardwoods Distribution is www.hardwoods-inc.com. The company can be reached via phone at 604-881-1988.

This page (TSE:HDI) was last updated on 8/8/2022 by MarketBeat.com Staff

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