Looking for an IPO stock that already has a solid track record? You might consider adding The Hillman Group (HLMN) to your watchlist. On Wednesday, the Relative Strength (RS) Rating for Hillman stock moved into a new percentile amid good sales growth, as it got a lift to 75 from 68.
The 75 RS Rating means that Hillman stock is outperforming 75% of all stocks, regardless of industry group. Top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if Hillman can continue to rebound and clear that threshold.
Hillman Stock Potential In Broad Product Line
Hillman sells 112,000 products used by builders, including Gorilla Grip brand gloves, its namesake Hillman brand, Minute Key kiosks, PowerPro and Firm Grip brands among others. It sells via most large building and repair retailers including Home Depot (HD), Lowe’s (LOW), Walmart (WMT), Ace Hardware and TrueValue hardware stores, among others.
Among other key ratings, Hillman stock has a C- Accumulation/Distribution Rating, indicating slightly more sales than buys of its stock by institutional investors. The Cincinnati-based company also has a weak 21 EPS Rating, on a 1-99 scale with 99 tops. Newly public companies often have not achieved consistent profitability, so the 21 rank is not unusual for Hillman, which launched its IPO in December.
For the March-ended quarter, Hillman reported 54 cents earnings per share. That was a huge reversal from a 1 cent per share loss the same quarter a year earlier. However, in its most recent quarter, Hillman lost $1.82 per share as it spends to expand. Net sales increased 8% in its most recent quarter, to $375.7 million. Sales grew 15.4% the prior quarter, and 14.8% in Q4 2020.
Peers In Building Products Group
The company earns the No. 20 rank among its peers in the Retail/Wholesale-Building Products industry group. Bluelinx (BXC) and SiteOne Landscape Supply (SITE) are among the group’s highest-rated stocks.
Hillman is now considered extended and out of buy range after clearing an 11.70 buy point in a first-stage cup with handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks-tight or pullback to the 50-day or 10-week line.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique Relative Strength Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks stacks up against all the other stocks in our database.
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