Hologic Inc. (NASDAQ: HOLX) is 2.80% higher on its value in year-to-date trading and has touched a low of $26.49 and a high of $55.96 in the current 52-week trading range. The HOLX stock was last observed hovering at around $55.50 in the last trading session, with the day’s loss setting it -1.83% off its average median price target of $57.00 for the next 12 months. It is also 16.14% off the consensus price target high of $64.00 offered by 17 analysts, but current levels are -3.21% lower than the price target low of $52.00 for the same period.
Currently trading at $53.67, the stock is 1.62% and 6.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.09 million and changing -3.30% at the moment leaves the stock 10.05% off its SMA200. HOLX registered 11.05% gain for a year compared to 6-month loss of 2.12%. The firm has a 50-day simple moving average (SMA 50) of $52.52 and a 200-day simple moving average (SMA200) of $48.61.
The stock witnessed a 5.03% gain in the last 1 month and extending the period to 3 months gives it a 66.37%, and is 1.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.68% over the week and 3.18% over the month.
Hologic Inc. (HOLX) has around 6478 employees, a market worth around $13.33B and $3.32B in sales. Current P/E ratio is 31.89 and Fwd P/E is 19.04. Profit margin for the company is 13.60%. Distance from 52-week low is 102.60% and -4.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.30%).
Hologic Inc. (HOLX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Hologic Inc. (HOLX) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Hologic Inc. is expected to release its quarterly report on 07/29/2020 and quarterly earnings per share for the current quarter are estimated at $0.36 with sales reaching $592.23M over the same period.The EPS is expected to grow by 55.70% this year, but quarterly earnings will post -9.50% year-over-year.
Hologic Inc. (HOLX) Top Institutional Holders
748 institutions hold shares in Hologic Inc. (HOLX), with 859.82k shares held by insiders accounting for 0.33% while institutional investors hold 99.90% of the company’s shares. The shares outstanding are 263.24M, and float is at 257.35M with Short Float at 1.34%. Institutions hold 99.57% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 43.9 million shares valued at $1.54 billion. The investor’s holdings represent 17.00% of the HOLX Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 30.66 million shares valued at $1.08 billion to account for 11.87% of the shares outstanding. The other top investors are Blackrock Inc. which holds 21.21 million shares representing 8.21% and valued at over $744.48 million, while State Street Corporation holds 4.49% of the shares totaling 11.58 million with a market value of $406.63 million.
Hologic Inc. (HOLX) Insider Activity
A total of 33 insider transactions have happened at Hologic Inc. (HOLX) in the last six months, with sales accounting for 13 and purchases happening 20 times. The most recent transaction is an insider sale by CRAWFORD SALLY, the company’s Director. SEC filings show that CRAWFORD SALLY sold 31,950 shares of the company’s common stock on May 22 at a price of $51.99 per share for a total of $1.66 million. Following the sale, the insider now owns 0.13 million shares.
Hologic Inc. disclosed in a document filed with the SEC on May 22 that Valenti Peter J. III (Division Pres., Breast Health) sold a total of 10,493 shares of the company’s common stock. The trade occurred on May 22 and was made at $51.82 per share for $0.54 million. Following the transaction, the insider now directly holds 59991.0 shares of the HOLX stock.
Still, SEC filings show that on May 15, Thornal Kevin R (Div. President, Diagnostics) disposed off 13,888 shares at an average price of $51.51 for $0.72 million. The insider now directly holds 17,026 shares of Hologic Inc. (HOLX).
Hologic Inc. (HOLX): Who are the competitors?
The company’s main competitors (and peers) include Koninklijke Philips N.V. (PHG) that is trading 8.62% up over the past 12 months. Thermo Fisher Scientific Inc. (TMO) is 18.54% up on the 1-year trading charts. Short interest in the company’s stock has fallen -19.48% from the last report on Apr 29, 2020 to stand at a total of 4.11 million short shares sold with a short interest ratio of 1.2.