Holley Inc. (NYSE:HLLY) Stock Has Consensus Price Target of $4.90

by · The Cerbat Gem

Shares of Holley Inc. (NYSE:HLLY – Get Free Report) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.90.

A number of research firms recently issued reports on HLLY. Zacks Research lowered Holley from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings downgraded Holley from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Wall Street Zen raised Holley from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Freedom Capital downgraded Holley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th.

Read Our Latest Analysis on HLLY

Holley Stock Performance

Shares of HLLY stock opened at $2.90 on Monday. The company has a quick ratio of 1.39, a current ratio of 3.06 and a debt-to-equity ratio of 1.15. Holley has a 52 week low of $2.25 and a 52 week high of $4.48. The stock has a market capitalization of $350.96 million, a PE ratio of 36.19 and a beta of 1.44. The firm has a 50 day moving average of $2.62 and a two-hundred day moving average of $2.99.

Holley (NYSE:HLLY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. The business had revenue of $172.01 million during the quarter, compared to the consensus estimate of $172.63 million. Holley had a net margin of 1.68% and a return on equity of 8.41%. On average, research analysts predict that Holley will post 0.39 EPS for the current fiscal year.

Institutional Trading of Holley

Several hedge funds have recently added to or reduced their stakes in HLLY. Williams & Novak Wealth Management LLC acquired a new stake in shares of Holley in the 3rd quarter valued at $25,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Holley during the 1st quarter worth $35,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Holley during the 2nd quarter worth $52,000. GSA Capital Partners LLP acquired a new position in shares of Holley during the second quarter worth $98,000. Finally, R Squared Ltd grew its stake in shares of Holley by 122.4% during the first quarter. R Squared Ltd now owns 33,606 shares of the company’s stock worth $103,000 after purchasing an additional 18,497 shares in the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

About Holley

(Get Free Report)

Holley Inc is an automotive aftermarket company that designs, manufactures and distributes performance products for cars, trucks, powersports vehicles and other enthusiast applications. Its offerings include fuel systems, engine and ignition components, exhaust products, suspension and driveline components, electronic controls, vehicle accessories and safety equipment.

The company serves do-it-yourself consumers, professional installers, racing teams, automotive enthusiasts and original equipment manufacturers through a portfolio of established aftermarket brands.

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