Wall Street brokers expect Hillman Solutions Corp (NASDAQ:HLMN) to report sales of $332.50 million for the current quarter, according to Zacks. Three analysts have made earnings estimates for Hillman Solutions, with the lowest sales estimate being $318.50 million and the highest estimate being $349.00 million. The company is expected to release its next earnings report before market open on Wednesday, March 2.
On average, analysts expect Hillman Solutions to report annual revenue of $1.41 billion for the current fiscal year, with estimates ranging from $1.40 billion to $1.43 billion. For the next fiscal year, analysts expect the company to post sales of $1.54 billion, with estimates ranging from $1.49 billion to $1.64 billion. Zacks sales averages are an average based on a survey of research companies that cover Hillman Solutions.
HLMN has been the subject of a number of recent analyst reports. Colliers Securities launched coverage on Hillman Solutions in a Thursday, Nov. 4, report. They set a “buy” rating and a target price of $15.50 for the company. Zacks Investment Research upgraded Hillman Solutions from a “sell” to a “hold” rating in a report released on Tuesday, November 16. Finally, Raymond James lowered his price target on Hillman Solutions from $15.00 to $14.00 and set an “outperform” rating for the company in a Thursday, Nov. 4 research report. One investment analyst gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $15.93.
A number of large investors have recently increased or reduced their stakes in the stock. Conestoga Capital Advisors LLC increased its position in Hillman Solutions by 0.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 7,992,553 shares of the company worth $85,920,000 after purchasing an additional 38,225 shares in the last quarter. JPMorgan Chase & Co. increased its position in Hillman Solutions by 36.7% in the fourth quarter. JPMorgan Chase & Co. now owns 7,447,974 shares of the company valued at $80,066,000 after purchasing an additional 1,997,697 shares in the last quarter. Brahman Capital Corp. raised its position in Hillman Solutions by 1.0% in the fourth quarter. Brahman Capital Corp. now owns 6,679,795 shares of the company valued at $71,808,000 after purchasing an additional 63,032 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in Hillman Solutions by 19.4% in the fourth quarter. Burgundy Asset Management Ltd. now owns 6,069,949 shares of the company valued at $65,252,000 after purchasing an additional 986,863 shares in the last quarter. Finally, Samlyn Capital LLC increased its position in Hillman Solutions by 3.0% in the fourth quarter. Samlyn Capital LLC now owns 6,031,429 shares of the company valued at $64,838,000 after purchasing an additional 175,327 shares in the last quarter. Institutional investors hold 87.80% of the company’s shares.
HLMN Action opened at $9.51 on Friday. The company has a quick ratio of 0.56, a current ratio of 2.23 and a debt ratio of 0.83. Hillman Solutions has a 12-month low of $8.12 and a 12-month high of $13.46. The stock has a 50-day simple moving average of $9.64 and a 200-day simple moving average of $10.92.
About Hillman Solutions
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of comprehensive hardware solutions, delivered with industry-leading customer service to more than 40,000 locations. Hillman designs innovative products and merchandising solutions for complex categories that deliver exceptional customer experiences to home improvement centers, mass merchandisers, national and regional hardware stores, pet supply stores, and OEM customers and industrial.
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