Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment; and distributes CEA equipment and supplies, which include grow light systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media made from soil, rock wool or coconut fiber. It also provides hydroponics systems, such as hydro systems, hydro trays and components, meters and solutions, pumps and irrigation systems, water filtration systems, pots and containers, and tents and tarps; atmospheric control equipment comprising controllers, monitors and timers, ventilation/air conditioning equipment, air purification equipment, and CO2 equipment; and nutrients and additives. The company offers its products under the PHOTOBIO, Phantom, Quantum, Digilux, Jump Start, Active Aqua, Active Air, Autopilot, Xtrasun, Active Eye, Agrobrite, GROW!T, Phat, and oxyClone brands. Hydrofarm Holdings Group, Inc. was founded in 1977 and is based in Fairless Hills, Pennsylvania.
IPO Year: 2020
Exchange: NASDAQ
Website: hydrofarm.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/4/2023 | Buy → Hold | Truist | |
| 8/3/2022 | Overweight → Neutral | JP Morgan | |
| 5/11/2022 | $13.00 → $8.00 | Buy → Hold | Stifel |
| 5/11/2022 | $26.00 → $8.00 | Buy → Neutral | UBS |
| 3/2/2022 | $27.00 → $22.00 | Overweight | JP Morgan |
| 3/2/2022 | $56.00 → $36.00 | Buy | Deutsche Bank |
| 3/2/2022 | $22.00 → $18.00 | Equal-Weight | Wells Fargo |
| 3/1/2022 | $27.00 → $22.00 | Equal-Weight | Wells Fargo |
| 12/7/2021 | $33.00 | Equal Weight | Wells Fargo |
| 10/27/2021 | $61.00 → $49.00 | Buy | Stifel |
SHOEMAKERSVILLE, Pa., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Highlights vs. Prior Year Period: Net sales decreased to $44.0 million compared to $54.2 million.Gross Profit Margin increased to 19.4% of net sales compared to 6.1%.Adjusted Gross Profit Margin(1) increased to 24.3% of net sales compared to 23.0%.SG&A expense and Adjusted SG&A(1) expens
SHOEMAKERSVILLE, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review third quarter 2024 results on Thursday, November 7, 2024 at 8:30 AM ET. A press release containing third quarter 2024 results will be issued before market open that same day. The conference call can be accessed live over the phone by dialing 1-800-343-5172 and entering the conference ID: HYFMQ3. The conference call will also be webcast live and archiv
SHOEMAKERSVILLE, Pa., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced plans for a transition of its leadership team. As part of this plan, Bill Toler, the Company's Chairman and Chief Executive Officer (CEO), has announced that he will be retiring from his position as CEO and will become Executive Chairman of the Board of Hydrofarm, effective as of January 1, 2025. John Lindeman, currently Executive Vice President and Chief Financial Officer (CFO), will become CEO. Als
SHOEMAKERSVILLE, Pa., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that the Company was featured on the WTR Small-Cap Spotlight with Jesse Redmond, Head of Cannabis at Water Tower Research ("WTR"). The episode is now available for replay on Apple Podcasts, Spotify, and all podcast platforms. It is also accessible on the WTR website, and on the Company's investor relations website at https://investors.hydrofarm.com/ under the "News & Events" section. About Hydrofarm
SHOEMAKERSVILLE, Pa., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) (the "Company," or "Hydrofarm,"), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, announced today that it has received a 180 calendar day extension, until March 10, 2025, from the Nasdaq Stock Market ("Nasdaq"), to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) (the "Bid Price Rule"). The Bid Price Rule stipulates that the bid price of the Company's common stock must close at $1.00 per share or more for a minimum of 10 consecutive business days. The Company will continue to monitor its stoc
ST. PETERSBURG, FL, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) titled, "Best-in-Class Execution in a Long-Term Favorable Growth Category." The report can be accessed here. Hydrofarm is a non-plant touching, NASDAQ-listed, leading manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA). The company's products consist primarily of consumable products, such as nutrients and grow media, and durable products, such as grow lights, climate control solutions, rolling racks/benches, and various oth
Restructuring and Cost Savings Initiatives Continue to Yield Substantial Expense Reductions Reaffirms 2024 Outlook on Key Metrics SHOEMAKERSVILLE, Pa., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Highlights vs. Prior Year Period: Net sales decreased to $54.8 million compared to $63.1 million.Gross Profit Margin decreased to 19.8% of net sales compared to 23.0%.Adjusted Gross Profit Margin
SHOEMAKERSVILLE, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review second quarter 2024 results on Thursday, August 8, 2024 at 8:30 AM ET. A press release containing second quarter 2024 results will be issued before market open that same day. The conference call can be accessed live over the phone by dialing 1-800-267-6316 and entering the conference ID: HYFMQ2. The conference call will also be webcast live and archiv
SANTA PAULA, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced the appointment of John Lindeman to its Board of Directors and Audit Committee, effective June 3, 2024. "We are excited to welcome John to our Board of Directors," said Steven Hollister, Chairman of the Board of Directors of Calavo Growers. "John has extensive experience in corporate finance, strategy, and leadership and has deep knowledge of Calavo and the avocado industry having served as Calavo's Chief Financial Officer for several years. We welcome John back to the organization and look forward to his insig
SHOEMAKERSVILLE, Pa., May 14, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights vs. Prior Year Period: Net sales decreased to $54.2 million compared to $62.2 million.Gross Profit Margin increased to 20.2% of net sales compared to 18.3%.Adjusted Gross Profit Margin(1) increased to 23.4% of net sales compared to 22.6%.Net loss improved to $12.6 million compared to $16.8 million.Adjusted EBITDA(1)
10-Q - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
8-K - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
8-K - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
8-K - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
10-Q - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
8-K - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
8-K - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
10-Q - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
8-K - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Filer)
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4 - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Issuer)
4 - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Issuer)
4 - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Issuer)
4 - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Issuer)
4 - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Issuer)
4 - HYDROFARM HOLDINGS GROUP, INC. (0001695295) (Issuer)
SANTA PAULA, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced the appointment of John Lindeman to its Board of Directors and Audit Committee, effective June 3, 2024. "We are excited to welcome John to our Board of Directors," said Steven Hollister, Chairman of the Board of Directors of Calavo Growers. "John has extensive experience in corporate finance, strategy, and leadership and has deep knowledge of Calavo and the avocado industry having served as Calavo's Chief Financial Officer for several years. We welcome John back to the organization and look forward to his insig
SHOEMAKERSVILLE, Pa., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, is proud to announce its participation in "The Balancing Act," the acclaimed television show hosted by Montel Williams and Olga Villaverde. As part of the show's sustainable living series, Hydrofarm will spotlight its expertise in indoor, year-round gardening, showcasing high-quality, eco-friendly products. Scheduled to air on Lifetime on February 5th, this feature offers a unique opportunity for those passionate about garde
MANCHESTER, England, Nov. 28, 2023 /PRNewswire/ -- SmartKem, Inc. (OTCQB:SMTK), a company seeking to reshape the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to drive the next generation of displays, today announced the appointment of Melisa A. Denis to the SmartKem Board of Directors, effective November 21, 2023. Ms. Denis will serve as the Chair of the Audit Committee of the Board, a member of the Compensation Committee and Nominating and Corporate Governance Committee. SmartKem Chairman and CEO, Ian Jenks, commented, "We are pleased to welcome Melisa Denis to the SmartKem Board. Melisa's Big-4 accounting background and public comp
SHOEMAKERSVILLE, Pa., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Highlights vs. Prior Year Period: Net sales decreased to $44.0 million compared to $54.2 million.Gross Profit Margin increased to 19.4% of net sales compared to 6.1%.Adjusted Gross Profit Margin(1) increased to 24.3% of net sales compared to 23.0%.SG&A expense and Adjusted SG&A(1) expens
SHOEMAKERSVILLE, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review third quarter 2024 results on Thursday, November 7, 2024 at 8:30 AM ET. A press release containing third quarter 2024 results will be issued before market open that same day. The conference call can be accessed live over the phone by dialing 1-800-343-5172 and entering the conference ID: HYFMQ3. The conference call will also be webcast live and archiv
Restructuring and Cost Savings Initiatives Continue to Yield Substantial Expense Reductions Reaffirms 2024 Outlook on Key Metrics SHOEMAKERSVILLE, Pa., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Highlights vs. Prior Year Period: Net sales decreased to $54.8 million compared to $63.1 million.Gross Profit Margin decreased to 19.8% of net sales compared to 23.0%.Adjusted Gross Profit Margin
SHOEMAKERSVILLE, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review second quarter 2024 results on Thursday, August 8, 2024 at 8:30 AM ET. A press release containing second quarter 2024 results will be issued before market open that same day. The conference call can be accessed live over the phone by dialing 1-800-267-6316 and entering the conference ID: HYFMQ2. The conference call will also be webcast live and archiv
SHOEMAKERSVILLE, Pa., May 14, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights vs. Prior Year Period: Net sales decreased to $54.2 million compared to $62.2 million.Gross Profit Margin increased to 20.2% of net sales compared to 18.3%.Adjusted Gross Profit Margin(1) increased to 23.4% of net sales compared to 22.6%.Net loss improved to $12.6 million compared to $16.8 million.Adjusted EBITDA(1)
SHOEMAKERSVILLE, Pa., April 30, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review first quarter 2024 results on Tuesday, May 14, 2024 at 8:30 AM ET. A press release containing first quarter 2024 results will be issued before market open that same day. The conference call can be accessed live over the phone by dialing 1-877-451-6152. The conference call will also be webcast live and archived on the corporate website at www.hydrofarm.co
Significant Improvement in Net Loss and Adjusted EBITDA for the Fourth Quarter and Full Year 2023 2024 Outlook Calls for Lower Net Sales, Positive Adjusted EBITDA and Positive Free Cash Flow SHOEMAKERSVILLE, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights vs. Prior Y
SHOEMAKERSVILLE, Pa., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review fourth quarter and full year 2023 results on Thursday, February 29, 2024 at 8:30 AM ET. A press release containing fourth quarter and full year 2023 results will be issued before market open that same day. The conference call can be accessed live over the phone by dialing 1-877-451-6152. The conference call will also be webcast live and archived on the co
SHOEMAKERSVILLE, Pa., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its third quarter ended September 30, 2023. Third Quarter 2023 Highlights vs. Prior Year Period: Net sales decreased to $54.2 million compared to $74.2 million.Gross Profit decreased to $3.3 million compared to $5.9 million. Gross Profit Margin decreased to 6.1% of net sales compared to 7.9%.Adjusted Gross Profit(1) increased to $12.5 million compared to $7.8 million. Adjusted Gross P
SHOEMAKERSVILLE, Pa., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review third quarter 2023 results on Thursday, November 9, 2023 at 4:30 PM ET. A press release containing third quarter 2023 results will be issued after market close that same day. The conference call can be accessed live over the phone by dialing 1-877-451-6152. The conference call will also be webcast live and archived on the corporate website at www.hydrofar
Truist downgraded Hydrofarm Holdings from Buy to Hold
JP Morgan downgraded Hydrofarm Holdings from Overweight to Neutral
Stifel downgraded Hydrofarm Holdings from Buy to Hold and set a new price target of $8.00 from $13.00 previously
UBS downgraded Hydrofarm Holdings from Buy to Neutral and set a new price target of $8.00 from $26.00 previously
JP Morgan reiterated coverage of Hydrofarm Holdings Group with a rating of Overweight and set a new price target of $22.00 from $27.00 previously
Deutsche Bank reiterated coverage of Hydrofarm Holdings Group with a rating of Buy and set a new price target of $36.00 from $56.00 previously
Wells Fargo reiterated coverage of Hydrofarm Holdings Group with a rating of Equal-Weight and set a new price target of $18.00 from $22.00 previously
Wells Fargo reiterated coverage of Hydrofarm Holdings Group with a rating of Equal-Weight and set a new price target of $22.00 from $27.00 previously
Wells Fargo initiated coverage of Hydrofarm Holdings with a rating of Equal Weight and set a new price target of $33.00
Stifel reiterated coverage of Hydrofarm Holdings Group with a rating of Buy and set a new price target of $49.00 from $61.00 previously