- HRL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $85.5 million.
- HRL has traded 29,643 shares today.
- HRL is trading at a new lifetime high.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in HRL with the Ticky from Trade-Ideas. See the FREE profile for HRL NOW at Trade-Ideas More details on HRL: Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. The stock currently has a dividend yield of 1.5%. HRL has a PE ratio of 26. Currently there are 3 analysts that rate Hormel Foods a buy, no analysts rate it a sell, and 3 rate it a hold. The average volume for Hormel Foods has been 932,000 shares per day over the past 30 days. Hormel has a market cap of $17.2 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 1.01 and a short float of 5.5% with 5.61 days to cover. Shares are up 25.6% year-to-date as of the close of trading on Friday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
TheStreetRatings.com Analysis:TheStreet Quant Ratings rates Hormel Foods as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins. Highlights from the ratings report include:
- HORMEL FOODS CORP has improved earnings per share by 5.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, HORMEL FOODS CORP increased its bottom line by earning $2.23 versus $1.94 in the prior year. This year, the market expects an improvement in earnings ($2.61 versus $2.23).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food Products industry. The net income increased by 6.5% when compared to the same quarter one year prior, going from $137.98 million to $146.94 million.
- Net operating cash flow has significantly increased by 104.89% to $244.51 million when compared to the same quarter last year. In addition, HORMEL FOODS CORP has also vastly surpassed the industry average cash flow growth rate of 7.79%.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 26.49% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- HRL's debt-to-equity ratio is very low at 0.15 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.73 is somewhat weak and could be cause for future problems.
- You can view the full Hormel Foods Ratings Report.
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