Houlihan Lokey, Inc. (NYSE:HLI) Stock Has Consensus Price Target of $160.44 According to Brokerages

Houlihan Lokey, Inc. (NYSE:HLI) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $160.44.

A number of research firms have weighed in on HLI. UBS Group raised their price objective on shares of Houlihan Lokey from $147.00 to $154.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. Wall Street Zen raised shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Houlihan Lokey in a research report on Thursday, October 15th. The Goldman Sachs Group lowered their target price on shares of Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Citizens Jmp upgraded shares of Houlihan Lokey from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a report on Friday, October 9th.

Houlihan Lokey Stock Down 1.1%

Shares of HLI opened at $145.67 on Tuesday. The business’s fifty day moving average is $133.05 and its 200 day moving average is $143.96. Houlihan Lokey has a 12-month low of $112.83 and a 12-month high of $195.06. The stock has a market cap of $10.06 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.72 and a beta of 0.90.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.22. The business had revenue of $692.00 million during the quarter, compared to analyst estimates of $625.88 million. Houlihan Lokey had a net margin of 15.78% and a return on equity of 19.94%. Houlihan Lokey’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. On average, analysts expect that Houlihan Lokey will post 7.24 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.80 dividend on an annualized basis and a yield of 1.9%. Houlihan Lokey’s payout ratio is 46.98%.

Insider Buying and Selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $140.15, for a total transaction of $140,150.00. Following the completion of the sale, the general counsel directly owned 1,000 shares of the company’s stock, valued at approximately $140,150. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.53% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in Houlihan Lokey by 400.0% during the third quarter. SBI Securities Co. Ltd. now owns 210 shares of the financial services provider’s stock worth $27,000 after buying an additional 168 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Houlihan Lokey by 103.4% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider’s stock valued at $34,000 after buying an additional 120 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in Houlihan Lokey during the 3rd quarter valued at $34,000. Harbor Investment Advisory LLC bought a new position in Houlihan Lokey during the 2nd quarter valued at $55,000. Finally, Versant Capital Management Inc lifted its stake in Houlihan Lokey by 91.0% during the 2nd quarter. Versant Capital Management Inc now owns 510 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank headquartered in Los Angeles. Founded in 1972, the firm provides financial advice and related services to corporations, financial sponsors, governments and other organizations.

The company’s main businesses include corporate finance, financial restructuring and financial and valuation advisory. Its services include advising on mergers and acquisitions, debt and equity financing, restructuring transactions, and business and asset valuations.

Houlihan Lokey serves clients across the Americas, Europe, the Middle East and Asia-Pacific through an international office network.