High Tide (NASDAQ: HITI) is one of 25 public companies in the “Retail stores, not elsewhere classified” industry, but how does it contrast to its rivals? We will compare High Tide to similar businesses based on the strength of its dividends, valuation, risk, profitability, earnings, analyst recommendations and institutional ownership.
Insider & Institutional Ownership
41.6% of shares of all “Retail stores, not elsewhere classified” companies are owned by institutional investors. 13.5% of shares of all “Retail stores, not elsewhere classified” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Analyst Recommendations
This is a breakdown of recent ratings and price targets for High Tide and its rivals, as reported by MarketBeat.com.
| | Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score |
| High Tide | 0 | 1 | 3 | 0 | 2.75 |
| High Tide Competitors | 142 | 702 | 1055 | 53 | 2.52 |
High Tide currently has a consensus target price of $13.56, suggesting a potential upside of 127.56%. As a group, “Retail stores, not elsewhere classified” companies have a potential upside of 24.44%. Given High Tide’s stronger consensus rating and higher probable upside, equities research analysts clearly believe High Tide is more favorable than its rivals.
Profitability
This table compares High Tide and its rivals’ net margins, return on equity and return on assets.
| | Net Margins | Return on Equity | Return on Assets |
| High Tide | -21.02% | -32.36% | -15.52% |
| High Tide Competitors | -16.79% | 14.55% | 1.93% |
Valuation and Earnings
This table compares High Tide and its rivals top-line revenue, earnings per share (EPS) and valuation.
| | Gross Revenue | Net Income | Price/Earnings Ratio |
| High Tide | $61.92 million | -$4.73 million | -99.33 |
| High Tide Competitors | $8.29 billion | $479.17 million | -7.94 |
High Tide’s rivals have higher revenue and earnings than High Tide. High Tide is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Summary
High Tide rivals beat High Tide on 9 of the 12 factors compared.
About High Tide
High Tide Inc. operates as a vertically-integrated company in the cannabis market in Canada, the United States, and internationally. It engages in the design, manufacture, and distribution of smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of June 3, 2021, it operated 88 retail locations in Canada. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.
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