Holley (NYSE:HLLY - Get Free Report) had its price target reduced by equities researchers at Canaccord Genuity Group from $8.00 to $7.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 177.23% from the stock's previous close.
Other equities analysts also recently issued reports about the company. Weiss Ratings downgraded Holley from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday. Raymond James Financial set a $4.00 price objective on shares of Holley in a research report on Thursday. DA Davidson set a $4.50 price objective on shares of Holley in a research note on Thursday, March 5th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $5.00 target price on shares of Holley in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.00.
Check Out Our Latest Stock Analysis on Holley
Holley Stock Down 12.0%
HLLY traded down $0.35 during midday trading on Thursday, reaching $2.53. The company's stock had a trading volume of 1,875,861 shares, compared to its average volume of 799,906. The stock's 50-day moving average is $3.26 and its 200-day moving average is $3.68. Holley has a 1 year low of $1.60 and a 1 year high of $4.48. The firm has a market capitalization of $305.37 million, a price-to-earnings ratio of 16.83 and a beta of 1.40. The company has a current ratio of 2.75, a quick ratio of 0.96 and a debt-to-equity ratio of 1.15.
Holley (NYSE:HLLY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $147.33 million for the quarter, compared to the consensus estimate of $153.51 million. Holley had a return on equity of 4.84% and a net margin of 3.13%. As a group, research analysts expect that Holley will post 0.33 EPS for the current year.
Institutional Trading of Holley
A number of large investors have recently made changes to their positions in HLLY. Deutsche Bank AG boosted its holdings in Holley by 7.2% in the fourth quarter. Deutsche Bank AG now owns 48,294 shares of the company's stock worth $199,000 after purchasing an additional 3,251 shares during the last quarter. ProShare Advisors LLC raised its stake in Holley by 37.1% during the 4th quarter. ProShare Advisors LLC now owns 13,961 shares of the company's stock valued at $58,000 after buying an additional 3,777 shares during the last quarter. State Street Corp lifted its holdings in shares of Holley by 0.3% during the 4th quarter. State Street Corp now owns 1,141,534 shares of the company's stock valued at $4,715,000 after buying an additional 3,788 shares during the period. Verition Fund Management LLC grew its holdings in shares of Holley by 10.7% in the fourth quarter. Verition Fund Management LLC now owns 47,831 shares of the company's stock worth $198,000 after acquiring an additional 4,638 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Holley by 16.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,542 shares of the company's stock worth $65,000 after acquiring an additional 4,661 shares during the period. 39.70% of the stock is currently owned by institutional investors.
Holley Company Profile
(
Get Free Report)
Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley's products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.
The company's product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.
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