Robert W. Baird Issues Positive Forecast for Hillman Solutions (NASDAQ:HLMN) Stock Price

Hillman Solutions (NASDAQ:HLMN - Get Free Report) had its price target boosted by Robert W. Baird from $12.00 to $14.00 in a report released on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 25.67% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Benchmark restated a "buy" rating and set a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. Canaccord Genuity Group boosted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Barclays raised their price target on Hillman Solutions from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.92.

Hillman Solutions Stock Up 0.5 %

NASDAQ:HLMN traded up $0.05 on Wednesday, reaching $11.14. 2,167,050 shares of the stock traded hands, compared to its average volume of 632,486. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 371.46 and a beta of 1.65. Hillman Solutions has a 12 month low of $6.02 and a 12 month high of $12.08. The company's fifty day simple moving average is $10.30 and its 200 day simple moving average is $9.66.

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

Hedge Funds Weigh In On Hillman Solutions

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in Hillman Solutions by 158.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company's stock worth $62,518,000 after buying an additional 4,336,039 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Hillman Solutions by 131.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company's stock worth $17,013,000 after acquiring an additional 914,151 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hillman Solutions by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company's stock worth $42,134,000 after purchasing an additional 578,042 shares during the period. 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 purchasing an additional 503,809 shares in the last quarter. Finally, Roubaix Capital LLC bought a new stake in shares of Hillman Solutions during the 1st quarter valued at $4,498,000. 98.11% of the stock is owned by 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.