Barclays Increases Hillman Solutions (NASDAQ:HLMN) Price Target to $12.00

Hillman Solutions (NASDAQ:HLMN - Get Free Report) had its price target upped by Barclays from $10.00 to $12.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 7.72% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group increased their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird boosted their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Benchmark reiterated a "buy" rating and issued a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Hillman Solutions has a consensus rating of "Moderate Buy" and an average price target of $12.92.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN traded up $0.05 during trading hours on Wednesday, hitting $11.14. 2,167,050 shares of the stock were exchanged, compared to its average volume of 632,486. The firm has a market capitalization of $2.19 billion, a P/E ratio of 371.46 and a beta of 1.65. Hillman Solutions has a one year low of $6.02 and a one year high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77. The company's 50 day moving average is $10.30 and its 200 day moving average is $9.66.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The company had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. During the same period last year, the business posted $0.11 earnings per share. The firm's revenue was down 1.4% compared to the same quarter last year. On average, research analysts expect that Hillman Solutions will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds have recently made changes to their positions in HLMN. ProShare Advisors LLC increased its holdings in shares of Hillman Solutions by 8.5% during the first quarter. ProShare Advisors LLC now owns 35,103 shares of the company's stock worth $373,000 after buying an additional 2,762 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Hillman Solutions by 2.1% in the 1st quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company's stock valued at $1,576,000 after purchasing an additional 3,037 shares during the last quarter. Rhumbline Advisers boosted its stake in Hillman Solutions by 1.0% in the second quarter. Rhumbline Advisers now owns 309,419 shares of the company's stock worth $2,738,000 after purchasing an additional 3,129 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hillman Solutions by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company's stock worth $382,000 after purchasing an additional 3,299 shares during the last quarter. Finally, Capstone Investment Advisors LLC increased its stake in shares of Hillman Solutions by 23.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company's stock valued at $228,000 after buying an additional 4,004 shares in the last quarter. Institutional investors and hedge funds 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.