Holley (NYSE:HLLY) Receives "Outperform" Rating from Telsey Advisory Group

Holley (NYSE:HLLY - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $4.50 target price on the stock. Telsey Advisory Group's price target suggests a potential upside of 103.62% from the company's current price.

HLLY has been the topic of a number of other reports. Truist Financial decreased their price target on Holley from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James boosted their target price on Holley from $3.00 to $3.50 and gave the company an "outperform" rating in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $6.00.

Holley Price Performance

Shares of NYSE:HLLY traded down $0.03 during trading on Wednesday, reaching $2.21. The company had a trading volume of 500,544 shares, compared to its average volume of 424,190. The stock has a market capitalization of $265.11 million, a P/E ratio of 17.00 and a beta of 1.41. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. Holley has a 12 month low of $1.93 and a 12 month high of $4.18. The company has a fifty day moving average of $2.40 and a two-hundred day moving average of $2.71.

Holley (NYSE:HLLY - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. Holley had a return on equity of 2.59% and a net margin of 2.55%. The business had revenue of $140.05 million during the quarter, compared to analyst estimates of $137.60 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Holley's revenue for the quarter was down 10.1% on a year-over-year basis. Equities research analysts forecast that Holley will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HLLY. Raymond James Financial Inc. bought a new position in Holley during the 4th quarter valued at approximately $1,058,000. Atria Wealth Solutions Inc. purchased a new position in shares of Holley in the 4th quarter worth about $30,000. Boston Partners bought a new position in Holley in the 4th quarter worth about $4,746,000. First Eagle Investment Management LLC grew its position in Holley by 158.9% during the 4th quarter. First Eagle Investment Management LLC now owns 211,087 shares of the company's stock valued at $637,000 after purchasing an additional 129,569 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Holley by 102.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 143,760 shares of the company's stock valued at $424,000 after purchasing an additional 72,641 shares in the last quarter. 39.70% of the stock is owned by hedge funds and other institutional investors.

Holley Company Profile

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.