Brokerages Set Holley Inc. (NYSE:HLLY) Target Price at $6.54

Shares of Holley Inc. (NYSE:HLLY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $6.54.

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of Holley from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Benchmark reiterated a "buy" rating and issued a $12.00 price objective on shares of Holley in a research note on Wednesday, September 4th. Truist Financial decreased their target price on Holley from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Raymond James dropped their price target on Holley from $5.25 to $4.25 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $5.50 price objective on shares of Holley in a research report on Monday, September 9th.

Hedge Funds Weigh In On Holley

A number of hedge funds have recently made changes to their positions in HLLY. Allspring Global Investments Holdings LLC lifted its position in shares of Holley by 6.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,209,265 shares of the company's stock worth $30,117,000 after buying an additional 618,449 shares during the period. Skylands Capital LLC lifted its holdings in shares of Holley by 37.6% during the second quarter. Skylands Capital LLC now owns 1,123,800 shares of the company's stock valued at $4,023,000 after acquiring an additional 306,874 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Holley by 52.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 975,034 shares of the company's stock valued at $3,491,000 after purchasing an additional 334,940 shares in the last quarter. Norden Group LLC grew its holdings in shares of Holley by 1,717.0% in the 1st quarter. Norden Group LLC now owns 616,196 shares of the company's stock worth $2,748,000 after purchasing an additional 582,283 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Holley by 1.3% during the 1st quarter. Sei Investments Co. now owns 403,759 shares of the company's stock worth $1,801,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 39.70% of the company's stock.

Holley Stock Up 0.3 %

NYSE:HLLY traded up $0.01 during trading hours on Friday, reaching $2.92. The company's stock had a trading volume of 199,397 shares, compared to its average volume of 349,842. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.80 and a quick ratio of 1.19. The company has a market cap of $348.39 million, a price-to-earnings ratio of 18.25 and a beta of 1.43. Holley has a one year low of $2.69 and a one year high of $5.23. The business's 50-day moving average is $3.06 and its 200-day moving average is $3.53.

Holley (NYSE:HLLY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $169.50 million for the quarter, compared to analyst estimates of $170.40 million. Holley had a return on equity of 3.51% and a net margin of 3.56%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. Equities research analysts predict that Holley will post 0.19 EPS for the current year.

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.