Street Calls of the Week
Investing.com - Canaccord Genuity has reiterated its Buy rating and $15.00 price target on Hillman Solutions Corp. (NASDAQ:HLMN), currently trading at $9.23, ahead of the company’s third-quarter results scheduled for October 30. According to InvestingPro data, analyst targets range from $10 to $15, with a consensus recommendation leaning toward Buy.
The research firm recently conducted its ninth survey of 80 Hillman customer locations across the United States to assess business trends, project appetites, and tariff implications. The surveyed locations included 10 Lowe’s, 10 Ace Hardware, 15 Home Depot, 20 Tractor Supply, and 25 traditional hardware stores and lumber supply locations.
According to the survey results, consumers have not noticed increased fastener prices in retail channels, though big project activity remains subdued due to factors including higher interest rates and suboptimal housing turnover.
Based on this proprietary research, Canaccord Genuity has raised its Q3 estimates for Hillman Solutions, indicating that second-half volume declines may not be as significant as previously guided by the company.
The firm’s $15 price target for Hillman Solutions stock remains unchanged with the Buy rating reaffirmation.
In other recent news, Hillman Solutions Corp. reported its second-quarter 2025 earnings, surpassing market expectations with an earnings per share (EPS) of $0.17, compared to the forecasted $0.14. The company’s revenue also exceeded projections, reaching $402.8 million against an anticipated $390.34 million. Following these strong results, Hillman Solutions raised its full-year 2025 guidance, citing increased clarity on tariffs and reduced uncertainty. Analyst firms responded positively, with Canaccord Genuity raising its price target to $15.00 from $13.00, and Stifel increasing its target to $12.00 from $10.75, both maintaining a Buy rating. Additionally, Hillman Solutions announced a $100 million share repurchase program, enhancing its investment appeal. The company also disclosed a separation agreement with Scott C. Ride, president of Hillman Canada, who is set to depart on September 29, 2025. Under the agreement, Mr. Ride will receive benefits in exchange for agreeing to non-compete and other covenants. These developments reflect significant strategic and financial moves by Hillman Solutions in recent times.
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