Telsey Advisory Group Lowers Holley (NYSE:HLLY) Price Target to $4.50

Holley (NYSE:HLLYFree Report) had its price objective decreased by Telsey Advisory Group from $5.50 to $4.50 in a research note released on Monday morning, Marketbeat.com reports. Telsey Advisory Group currently has an outperform rating on the stock. Telsey Advisory Group also issued estimates for Holley’s Q4 2024 earnings at $0.03 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.27 EPS.

A number of other research analysts also recently commented on HLLY. Truist Financial reduced their price objective 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. Raymond James reduced their price target on shares of Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $12.00 price target on shares of Holley in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group reduced their price target on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Holley has an average rating of “Moderate Buy” and a consensus price target of $6.39.

View Our Latest Stock Report on Holley

Holley Price Performance

HLLY opened at $2.71 on Monday. The company has a fifty day simple moving average of $2.90 and a 200 day simple moving average of $3.34. The firm has a market cap of $324.60 million, a price-to-earnings ratio of 20.85 and a beta of 1.45. Holley has a twelve month low of $2.29 and a twelve month high of $5.23. The company has a current ratio of 2.93, a quick ratio of 1.19 and a debt-to-equity ratio of 1.20.

Holley (NYSE:HLLYGet Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Holley had a net margin of 2.55% and a return on equity of 2.59%. The company had revenue of $134.00 million for the quarter, compared to the consensus estimate of $142.53 million. During the same quarter last year, the company earned $0.03 earnings per share. The company’s revenue was down 14.4% compared to the same quarter last year. Equities research analysts expect that Holley will post 0.14 EPS for the current fiscal year.

Institutional Trading of Holley

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Holley by 129.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,590,816 shares of the company’s stock valued at $34,335,000 after buying an additional 5,409,997 shares during the period. Dimensional Fund Advisors LP grew 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 worth $3,491,000 after purchasing an additional 334,940 shares during the last quarter. Skylands Capital LLC raised its holdings in shares of Holley by 37.6% in the 2nd quarter. Skylands Capital LLC now owns 1,123,800 shares of the company’s stock worth $4,023,000 after purchasing an additional 306,874 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Holley by 665.2% during the second quarter. Renaissance Technologies LLC now owns 131,500 shares of the company’s stock valued at $471,000 after purchasing an additional 114,314 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Holley by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 443,469 shares of the company’s stock worth $1,308,000 after buying an additional 43,053 shares in the last quarter. 39.70% of the stock is currently owned by institutional investors.

About Holley

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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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Analyst Recommendations for Holley (NYSE:HLLY)

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