Hershey Company (NYSE:HSY) price on Friday, November 15, fall -4.48% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $170.92.
A look at the stock’s price movement, the close in the last trading session was $178.94, moving within a range at $170.58 and $178.05. The beta value (5-Year monthly) was 0.374 while the PE ratio in trailing twelve months stood at 19.69. Turning to its 52-week performance, $211.92 and $171.67 were the 52-week high and 52-week low respectively. Overall, HSY moved -7.06% over the past month.
Hershey Company’s market cap currently stands at around $34.59 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-06. The company has a Forward Dividend ratio of 5.30, with its dividend yield at 3.10%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.85B for the company’s revenue for the quarter, with a low and high estimate of 2.78B and 2.89B respectively. The average forecast suggests up to a 7.21% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11.17B, representing a 0.01% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HSY is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 10 recommend HSY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HSY’s current price about -4.77% and -8.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.69, while 7-day volatility ratio is 3.29% and 2.12% in the 30-day chart. Further, Hershey Company (HSY) has a beta value of 0.37, and an average true range (ATR) of 4.17. Analysts have given the company’s stock an average 52-week price target of $205, forecast between a low of $129.11 and high of $269. Looking at the price targets, the low is 24.46% off current price level while to achieve the yearly target high, price needs to move -57.38%. Nonetheless, investors will most likely welcome a -19.94% jump to $205 which is the analysts’ median price.
If we refocus on Hershey Company (NYSE:HSY), historical trading data shows that trading volumes averaged 2.28 over the past 10 days and 1.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 149.78 million shares.
The 27.23% of Hershey Company’s shares are in the hands of company insiders while institutional holders own 62.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.42 million on 2024-10-31, giving us a short ratio of 5.37. The data shows that as of 2024-10-31 short interest in Hershey Company (HSY) stood at 492.00001999999995 of shares outstanding, with shares short rising to 6.36 million registered in 2024-09-30. Current price change has pushed the stock -8.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HSY stock continues to rise going into the next quarter.
