Analyst Brian McNamara from Canaccord Genuity maintained a Buy rating on Hillman Solutions (HLMN – Research Report) and keeping the price target at $13.00.
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Brian McNamara has given his Buy rating due to a combination of factors indicating a positive outlook for Hillman Solutions. A significant insider purchase by the CFO, Mr. Robert Kraft, suggests confidence in the company’s fundamentals, as he acquired a substantial number of shares despite recent price declines. This insider activity implies a disconnect between the current market valuation and the company’s intrinsic value.
Additionally, Hillman Solutions is expected to manage tariff impacts effectively through strategic pricing and sourcing adjustments, maintaining its competitive edge. The company’s products, being essential yet low-cost items, are less susceptible to price elasticity concerns, which supports stable demand. Furthermore, Hillman’s historical resilience and growth trajectory, coupled with strong retailer relationships, bolster the confidence in its ability to navigate market challenges and achieve future growth.
McNamara covers the Consumer Cyclical sector, focusing on stocks such as Yeti Holdings, Solo Brands, and Newell Brands. According to TipRanks, McNamara has an average return of -6.0% and a 44.21% success rate on recommended stocks.
In another report released on April 30, Raymond James also maintained a Buy rating on the stock with a $10.00 price target.