Hillshire Brands Short Interest Up 209.1% in May (HSH)
Shares of Hillshire Brands (NYSE:HSH) were the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 4,589,684 shares, a growth of 209.1% from the April 30th total of 1,485,067 shares, Analyst Ratings Network reports. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 4,622,052 shares, the short-interest ratio is presently 1.0 days.
HSH has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Friday, May 30th. They now have a $6.10 price target on the stock. Separately, analysts at Bernstein downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Friday, May 30th. They now have a $55.00 price target on the stock. Finally, analysts at Gabelli downgraded shares of Hillshire Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, May 28th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.93.
Hillshire Brands (NYSE:HSH) opened at 58.92 on Monday. Hillshire Brands has a 1-year low of $30.35 and a 1-year high of $59.47. The stock’s 50-day moving average is $40.69 and its 200-day moving average is $36.47. The company has a market cap of $7.226 billion and a price-to-earnings ratio of 32.10.
Hillshire Brands (NYSE:HSH) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.10. The company had revenue of $955.00 million for the quarter, compared to the consensus estimate of $939.03 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Hillshire Brands will post $1.73 EPS for the current fiscal year.
The Hillshire Brands Company is a manufacturer and marketer of food products. The Company’s portfolio includes brands, such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.