Hillman Solutions (NASDAQ:HLMN) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Hillman Solutions (NASDAQ:HLMN) from a hold rating to a sell rating in a report released on Monday morning, Zacks.com reports.

According to Zacks, “Hillman Solutions Corp. is a provider of complete hardware solutions. It designs product and merchandising solutions for complex categories which deliver to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and OEM & Industrial customers. Hillman Solutions Corp., formerly known as Landcadia Holdings III Inc., is based in CINCINNATI. “

Several other analysts also recently issued reports on HLMN. William Blair assumed coverage on Hillman Solutions in a research note on Monday, August 9th. They set an outperform rating on the stock. Jefferies Financial Group initiated coverage on Hillman Solutions in a research note on Friday, August 6th. They issued a buy rating and a $17.00 price objective on the stock. CJS Securities started coverage on shares of Hillman Solutions in a research report on Tuesday, September 21st. They issued an outperform rating and a $18.00 price target on the stock. Robert W. Baird started coverage on shares of Hillman Solutions in a research report on Monday, August 9th. They set an outperform rating and a $17.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on shares of Hillman Solutions in a research report on Monday, August 9th. They set a buy rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $16.17.

Shares of HLMN opened at $10.97 on Monday. The company’s 50 day simple moving average is $12.11. Hillman Solutions has a 12-month low of $9.60 and a 12-month high of $13.46.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Thursday, July 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). On average, equities analysts forecast that Hillman Solutions will post 0.1 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Hillman Solutions stock. Eidelman Virant Capital bought a new stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 397,980 shares of the company’s stock, valued at approximately $4,760,000. Hillman Solutions accounts for about 1.8% of Eidelman Virant Capital’s portfolio, making the stock its 11th largest position. Eidelman Virant Capital owned approximately 0.21% of Hillman Solutions as of its most recent SEC filing. 26.40% of the stock is currently 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.

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