Holley Inc. (NYSE:HLLY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Six brokerages give Holley a consensus rating of "Moderate Buy" (four buys, two holds) with an average 1‑year price target of $5.00.
• Quarterly results mixed: Holley reported $0.04 EPS for the quarter, missing the $0.09 consensus while beating revenue estimates with $155.44 million, and analysts forecast about $0.12 EPS for the fiscal year.
• Stock snapshot: HLLY opened at $3.10 with a $374.31M market cap, P/E of 20.63, a 1‑year range of $1.60–$4.48, and roughly 39.7% institutional ownership.

Holley Inc. (NYSE:HLLY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.00.

Several brokerages have recently weighed in on HLLY. Telsey Advisory Group reissued an "outperform" rating and issued a $5.00 price target on shares of Holley in a research note on Thursday, March 5th. DA Davidson set a $4.50 target price on Holley in a report on Thursday, March 5th. Weiss Ratings upgraded shares of Holley from a "sell (d)" rating to a "hold (c)" rating in a report on Monday, March 23rd. Finally, Canaccord Genuity Group boosted their price target on shares of Holley from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th.

Holley Price Performance

HLLY stock opened at $3.10 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.75 and a quick ratio of 0.96. Holley has a 1 year low of $1.60 and a 1 year high of $4.48. The stock has a market cap of $374.31 million, a price-to-earnings ratio of 20.63 and a beta of 1.42. The company has a 50 day simple moving average of $3.50 and a 200 day simple moving average of $3.66.

Holley (NYSE:HLLY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.05). Holley had a return on equity of 4.84% and a net margin of 3.13%.The firm had revenue of $155.44 million for the quarter, compared to the consensus estimate of $142.76 million. Research analysts anticipate that Holley will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Holley

A number of hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC purchased a new position in shares of Holley in the 2nd quarter worth about $25,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Holley in the 3rd quarter worth approximately $34,000. State of Alaska Department of Revenue purchased a new position in Holley in the fourth quarter valued at approximately $35,000. Sherbrooke Park Advisers LLC purchased a new position in Holley in the third quarter valued at approximately $38,000. Finally, Captrust Financial Advisors bought a new position in Holley during the second quarter valued at $44,000. 39.70% of the stock is currently owned by institutional investors.

Holley Company Profile

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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