Hormel Foods Corp. [HRL] stock is trading at $30.51, up 0.76%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HRL shares have gain 4.81% over the last week, with a monthly amount glided 0.36%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Just in Time for Spring Holidays, the Hormel Gatherings® Brand Team Introduces Spring-Themed Honey Ham & Turkey Tray. In a post published today on Yahoo Finance, With springtime celebrations and Mother’s Day on the horizon, the makers of the HORMEL GATHERINGS® brand unveil all-new seasonal party tray.
From an analyst’s perspective:
Hormel Foods Corp. [NYSE: HRL] stock has seen the most recent analyst activity on February 01, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $31. Previously, Argus downgraded its rating to Hold on March 30, 2023. On March 03, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $38 on the stock. Goldman downgraded its rating to a Sell but stick to its price target of $44 on March 15, 2022. Argus upgraded its rating to a Buy but $57 remained the price target by the analyst firm on March 10, 2022. JP Morgan upgraded its rating to Neutral for this stock on October 08, 2021, but kept the price target unchanged to $42. In a note dated December 09, 2020, Argus downgraded an Hold rating on this stock.
Hormel Foods Corp. [HRL] stock has fluctuated between $28.51 and $45.71 over the past year. Currently, Wall Street analysts expect the stock to reach $51.25 within the next 12 months. Hormel Foods Corp. [NYSE: HRL] shares were valued at $30.51 at the most recent close of the market. An investor can expect a potential return of 67.98% based on the average HRL price forecast.
Analyzing the HRL fundamentals
Hormel Foods Corp. [NYSE:HRL] reported sales of 12.11B for the trailing twelve months, which represents a drop of -2.60%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.18 points at the first support level, and at 29.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.80, and for the 2nd resistance point, it is at 31.08.
Hormel Foods Corp. [HRL] reported earnings per share of $0.42 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.44/share, meaning a difference of -$0.02 and a surprise factor of -4.50%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.4 per share as compared to estimates of $0.41 per share, a difference of -$0.01 representing a surprise of -2.40%.
Ratios To Look Out For
For context, Hormel Foods Corp.’s Current Ratio is 1.43. In addition, the Quick Ratio stands at 0.70 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 21.11.
Transactions by insiders
In the past 3 months, 0 insiders have purchased 0 shares, and 1 have sold 8,105 shares. Recent insider trading involved NESTEGARD SUSAN K, Director, that happened on Dec 27 when 8105.0 shares were sold. SENIOR VICE PRESIDENT, Myers Kevin L completed a deal on Dec 21 to sell 5892.0 shares. Meanwhile, EXECUTIVE VICE PRESIDENT Brady Deanna T sold 5024.0 shares on Dec 19.
