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

Shares of Holley Inc. (NYSE:HLLY) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $4.90.

Several research analysts recently weighed in on HLLY shares. Weiss Ratings cut Holley from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. Canaccord Genuity Group reissued a “buy” rating and set a $7.00 price target on shares of Holley in a report on Monday, June 29th. Freedom Capital lowered shares of Holley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Holley from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research lowered shares of Holley from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th.

Holley Trading Down 0.6%

NYSE:HLLY opened at $2.48 on Thursday. The company has a market capitalization of $300.04 million, a P/E ratio of 30.94 and a beta of 1.39. The company has a current ratio of 3.06, a quick ratio of 1.39 and a debt-to-equity ratio of 1.15. Holley has a 12 month low of $2.25 and a 12 month high of $4.48. The firm has a fifty day simple moving average of $2.78 and a 200-day simple moving average of $2.77.

Holley (NYSE:HLLY) last released its earnings results on Wednesday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. The firm had revenue of $172.01 million for the quarter, compared to the consensus estimate of $172.63 million. Holley had a return on equity of 8.41% and a net margin of 1.68%. On average, equities research analysts anticipate that Holley will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HLLY. Chicago Partners Investment Group LLC purchased a new stake in Holley in the 1st quarter worth $35,000. Williams & Novak Wealth Management LLC acquired a new position in shares of Holley during the 3rd quarter worth about $25,000. R Squared Ltd lifted its stake in Holley by 122.4% in the 1st quarter. R Squared Ltd now owns 33,606 shares of the company’s stock valued at $103,000 after buying an additional 18,497 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Holley by 1.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 1,929,461 shares of the company’s stock worth $5,923,000 after buying an additional 18,900 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Holley in the 2nd quarter worth about $52,000. 39.70% of the stock is owned by institutional investors and hedge funds.

Holley Company Profile

Holley Inc (NYSE:HLLY) is an automotive aftermarket company that develops, manufactures and distributes performance products for enthusiasts, racers and professional automotive customers. Its offerings are designed for street performance, racing, off-road applications and vehicle restoration.

The company’s product portfolio includes fuel systems, electronic fuel injection and engine-management systems, ignition products, exhaust components, intake systems, engine parts, suspension products, wheels, safety equipment and related accessories.