Brokerages Set Holley Inc. (NYSE:HLLY) Target Price at $3.75

Shares of Holley Inc. (NYSE:HLLY) have earned a consensus rating of “Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.75.

HLLY has been the subject of several research reports. Canaccord Genuity Group raised their price objective on shares of Holley from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Holley from a “hold” rating to a “buy” rating in a research note on Saturday. Truist Financial cut their price objective on shares of Holley from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Benchmark upgraded shares of Holley from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Friday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $2.75 price objective on shares of Holley in a report on Thursday, July 31st.

Holley Stock Up 3.3%

Shares of NYSE:HLLY opened at $3.25 on Friday. The company has a market cap of $389.98 million, a PE ratio of -12.48 and a beta of 1.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.18 and a current ratio of 2.93. The firm has a 50 day simple moving average of $2.21 and a 200 day simple moving average of $2.36. Holley has a 52 week low of $1.60 and a 52 week high of $3.46.

Holley (NYSE:HLLY) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $166.66 million for the quarter, compared to the consensus estimate of $162.67 million. Holley had a positive return on equity of 5.81% and a negative net margin of 5.12%. As a group, research analysts expect that Holley will post 0.12 earnings per share for the current year.

Institutional Trading of Holley

Several hedge funds have recently bought and sold shares of the business. Boston Partners boosted its holdings in Holley by 65.5% during the 1st quarter. Boston Partners now owns 2,600,799 shares of the company’s stock worth $6,680,000 after acquiring an additional 1,029,495 shares during the last quarter. Bamco Inc. NY boosted its holdings in Holley by 33.3% during the 4th quarter. Bamco Inc. NY now owns 4,000,000 shares of the company’s stock worth $12,080,000 after acquiring an additional 1,000,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Holley by 12,719.0% during the 4th quarter. Russell Investments Group Ltd. now owns 819,136 shares of the company’s stock worth $2,474,000 after acquiring an additional 812,746 shares during the last quarter. Mink Brook Asset Management LLC purchased a new position in Holley during the 4th quarter worth $1,666,000. Finally, Blue Owl Capital Holdings LP boosted its holdings in Holley by 17.3% during the 4th quarter. Blue Owl Capital Holdings LP now owns 2,990,294 shares of the company’s stock worth $9,031,000 after acquiring an additional 440,040 shares during the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

Holley Company Profile

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.