Canaccord Genuity Group Increases Hillman Solutions (NASDAQ:HLMN) Price Target to $13.00

Hillman Solutions (NASDAQ:HLMN) had its target price lifted by equities researchers at Canaccord Genuity Group from $12.00 to $13.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 17.33% from the company’s current price.

A number of other research firms have also commented on HLMN. Barclays upped their price objective on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of Hillman Solutions in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $12.08.

Hillman Solutions Trading Up 1.1 %

Shares of NASDAQ:HLMN opened at $11.08 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -1,108.00 and a beta of 1.66. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $11.10. The company has a 50 day moving average price of $9.95 and a 200 day moving average price of $9.60.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The business had revenue of $379.43 million for the quarter, compared to analysts’ expectations of $383.53 million. During the same period in the previous year, the firm posted $0.13 EPS. On average, research analysts anticipate that Hillman Solutions will post 0.52 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

Hedge funds have recently made changes to their positions in the stock. Trust Point Inc. acquired a new position in Hillman Solutions in the 3rd quarter valued at approximately $608,000. Creative Planning increased its stake in shares of Hillman Solutions by 88.4% in the third quarter. Creative Planning now owns 27,610 shares of the company’s stock worth $292,000 after acquiring an additional 12,957 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after acquiring an additional 503,809 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Hillman Solutions by 22.4% during the third quarter. Handelsbanken Fonder AB now owns 56,200 shares of the company’s stock worth $593,000 after acquiring an additional 10,300 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Hillman Solutions during the second quarter valued at $257,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

About Hillman Solutions

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.