Telsey Advisory Group Reiterates Outperform Rating for Holley (NYSE:HLLY)

Holley (NYSE:HLLY - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $4.50 price target on the stock. Telsey Advisory Group's target price would indicate a potential upside of 105.01% from the stock's previous close.

HLLY has been the subject of a number of other research reports. Truist Financial dropped their target price on Holley from $5.00 to $3.00 and set a "buy" rating for the company in a report on Monday, April 14th. Raymond James boosted their price target 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 stock currently has a consensus rating of "Buy" and an average price target of $6.00.

Holley Stock Down 0.2 %

HLLY stock traded down $0.01 during mid-day trading on Wednesday, reaching $2.20. The company had a trading volume of 160,240 shares, compared to its average volume of 423,932. The company has a market capitalization of $263.31 million, a price-to-earnings ratio of 16.88 and a beta of 1.43. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. Holley has a 52 week low of $1.93 and a 52 week high of $4.18. The stock has a 50 day simple moving average of $2.40 and a two-hundred day simple moving average of $2.71.

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

Institutional Investors Weigh In On Holley

A number of institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of Holley by 25.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company's stock worth $48,000 after purchasing an additional 3,210 shares during the period. Aigen Investment Management LP boosted its stake in Holley by 22.1% in the fourth quarter. Aigen Investment Management LP now owns 18,693 shares of the company's stock valued at $56,000 after acquiring an additional 3,389 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Holley by 39.8% during the 4th quarter. SG Americas Securities LLC now owns 24,590 shares of the company's stock valued at $74,000 after acquiring an additional 7,002 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Holley during the 4th quarter worth approximately $26,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Holley in the 4th quarter worth approximately $30,000. 39.70% of the stock is owned by institutional investors.

About Holley

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.