The stock of Hormel Foods Corporation (NYSE:HRL) increased by $0.07 on Tuesday to finish at $39.81, up 0.18 percent. The last five days have seen an average of 1,661,940 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$5.74. The average number of shares traded over the last 20 days was 1,643,350, while the average volume over the last 50 days totaled 1,714,646.
HRL stock dropped -2.62% since last month. On 08/23/23, the company’s shares reached a one-month low of $38.36. The stock touched a high of $51.55 on 01/06/23, after rallying from a low of $37.78 in 52 weeks. The price of HRL stock has declined by -12.60% or -$5.74 this year, reaching a new high 3 times. Still, the stock price is down -22.77% from the 52-week high.
Insider Transactions
HRL stock investors should be aware that Hormel Foods Corporation (HRL) stock had its last reported insider trading activity 78 days ago on Jun 13. On Jun 13, GROUP VICE PRESIDENT Ourada Mark J sold 9,200 shares at $41.00 each. This transaction resulted in the insider making $377,200. On Jun 08, Coffey Mark A sold 31,400 shares at a price of US$40.50. After the transaction, the insider now owns 55,133 shares. SENIOR VICE PRESIDENT Myers Kevin L had earlier sold 5,200 shares on Jun 08 for $40.51 a share. The transaction was completed for $210,668.
Valuation Metrics
Hormel Foods Corporation (HRL) has a trailing price-to-earnings (P/E) ratio of 23.45. Beta for the stock is 0.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.75, the price-to-book (PB) ratio of 2.83, and the price-to-cash flow ratio of 29.51.
Company paid $0.2750 per share in dividends, remained unchanged from $0.2750 last year. A $0.0150 dividend increase was reported on Monday November 21 2022.
Financial Health
For the three months ended April 29, Hormel Foods Corporation’s quick ratio was 1.10, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.43, and the total debt to equity ratio is 0.43. As far as profitability goes, gross margin for the trailing twelve months is 16.80% percent. Hormel Foods Corporation’s EBITDA margin for the year ended April 29 was 12.14%, whereas its operating margin stood at 10.10% for the same period. Based on annual data, it had gross profit of $2.16 billion and revenue of $12.46 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HRL’s return on assets (ROA) during the last 12 months has been 7.00%. There was a 9.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.40%.
Earnings Surprise
According to Hormel Foods Corporation’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.53 billion, while revenues rose by 45.64% to $3.45 billion. It was predicted that Hormel Foods Corporation’s quarterly earnings would be $0.4, but it ended up being $0.4. EBITDA was $383.45 million for the quarter. At the end of Hormel Foods Corporation’s most recent quarter ended April 29, its liabilities totaled 5.62 billion, while its total debt was $3.3 billion. Equity owned by shareholders amounts to $546.27 million.
Technical Picture
Here’s a quick look at Hormel Foods Corporation’s (HRL) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 51.51%, suggesting the stock is Neutral, with a 15.69% historical volatility rate.
The stochastic %K and %D were 38.08% and 28.03% respectively, while the average true range (ATR) was 0.58. Based on the 14-day stochastic reading of 43.03%, the RSI (14) reading is 49.20%. On the 9-day MACD Oscillator, the stock is at 0.43, and the 14-day reading is at -0.10.
Analyst Ratings
Hormel Foods Corporation (NYSE: HRL) was downgraded by Argus to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Hormel Foods Corporation (HRL) an Underweight rating. HRL is a stock that is recommended for selling by 2 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is HRL’s price target for the next 12 months?
The current consensus forecast for the stock is between $34.00 and $45.10, with a median target price of $42.00. In analyzing these forecasts, the average price target given by analysts for Hormel Foods Corporation (HRL) is $41.26.
