Hillman Solutions Corp (NASDAQ:HLMN – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 4,180,000 shares, a drop of 9.3% from the October 15th total of 4,610,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is presently 3.7 days. Approximately 2.2% of the shares of the stock are sold short.
Hillman Solutions Stock Down 0.3 %
NASDAQ:HLMN traded down $0.02 during trading hours on Thursday, hitting $7.29. 129,838 shares of the company’s stock traded hands, compared to its average volume of 1,318,659. The stock’s fifty day moving average price is $7.66 and its two-hundred day moving average price is $8.46. The firm has a market cap of $1.42 billion, a P/E ratio of -104.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.85 and a current ratio of 2.55. Hillman Solutions has a twelve month low of $6.02 and a twelve month high of $10.28.
Hillman Solutions (NASDAQ:HLMN – Get Free Report) last released its earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $398.94 million for the quarter, compared to analysts’ expectations of $396.35 million. Hillman Solutions had a negative net margin of 0.91% and a positive return on equity of 5.89%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. On average, research analysts expect that Hillman Solutions will post 0.36 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on HLMN. TheStreet cut Hillman Solutions from a “c-” rating to a “d+” rating in a report on Tuesday, October 31st. Benchmark dropped their price target on Hillman Solutions from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Barclays reduced their price objective on shares of Hillman Solutions from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, October 12th. Finally, Raymond James dropped their target price on shares of Hillman Solutions from $10.50 to $9.50 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $10.75.
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.
- Five stocks we like better than Hillman Solutions
- How to invest in marijuana stocks in 7 steps
- Is it time to buy the dip in Walmart shares?
- Technology Stocks Explained: Here’s What to Know About Tech
- Unlocking AI investment opportunities in healthcare
- What Are Trending Stocks? Trending Stocks Explained
- New Disney investor propels stock to ranks of best S&P gainers
Receive News & Ratings for Hillman Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillman Solutions and related companies with MarketBeat.com's FREE daily email newsletter.