Shares of Holley Inc. (NYSE:HLLY - Get Free Report) have earned an average recommendation of "Buy" from the five brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is $3.75.
A number of brokerages have recently commented on HLLY. Wall Street Zen raised shares of Holley from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Benchmark raised shares of Holley from a "hold" rating to a "buy" rating and set a $4.00 price objective on the stock in a research report on Friday, August 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $2.75 price objective on shares of Holley in a research report on Thursday, July 31st. Canaccord Genuity Group boosted their price objective on shares of Holley from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Raymond James Financial boosted their price objective on shares of Holley from $2.25 to $3.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th.
Read Our Latest Stock Report on HLLY
Holley Stock Down 2.8%
Shares of Holley stock traded down $0.11 on Wednesday, hitting $3.85. The company had a trading volume of 485,963 shares, compared to its average volume of 708,489. The firm has a market capitalization of $463.93 million, a P/E ratio of -14.81 and a beta of 1.41. Holley has a twelve month low of $1.60 and a twelve month high of $4.09. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.93 and a quick ratio of 1.18. The stock has a 50-day moving average of $2.87 and a 200-day moving average of $2.48.
Holley (NYSE:HLLY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $166.66 million during the quarter, compared to analyst estimates of $162.67 million. Holley had a negative net margin of 5.12% and a positive return on equity of 5.81%. Research analysts predict that Holley will post 0.12 earnings per share for the current year.
Institutional Trading of Holley
Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Holley by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company's stock worth $3,564,000 after buying an additional 104,071 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Holley by 1.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,337,982 shares of the company's stock worth $26,569,000 after buying an additional 170,132 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Holley by 20.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 473,950 shares of the company's stock worth $1,218,000 after buying an additional 80,366 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Holley by 112.9% during the fourth quarter. Squarepoint Ops LLC now owns 46,636 shares of the company's stock worth $141,000 after buying an additional 24,733 shares during the last quarter. Finally, Mink Brook Asset Management LLC acquired a new position in Holley during the fourth quarter worth $1,666,000. Institutional investors own 39.70% of the company's stock.
About Holley
(
Get Free Report)
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.
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