Holley (NYSE:HLLY) Given New $5.00 Price Target at Canaccord Genuity Group

Holley (NYSE:HLLY) had its target price lowered by Canaccord Genuity Group from $7.00 to $5.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on HLLY. Freedom Capital cut shares of Holley from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Holley in a report on Tuesday. DA Davidson set a $3.00 price objective on shares of Holley in a report on Friday. Wall Street Zen raised shares of Holley from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research lowered shares of Holley from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Holley has an average rating of “Hold” and a consensus price target of $4.20.

Holley Stock Down 2.6%

NYSE HLLY traded down $0.06 during mid-day trading on Friday, reaching $2.08. 4,926,379 shares of the company’s stock traded hands, compared to its average volume of 972,107. The company has a current ratio of 3.06, a quick ratio of 1.39 and a debt-to-equity ratio of 1.15. Holley has a 1-year low of $2.05 and a 1-year high of $4.48. The company has a fifty day simple moving average of $2.59 and a 200-day simple moving average of $2.97. The company has a market cap of $252.76 million, a price-to-earnings ratio of 13.90 and a beta of 1.44.

Holley (NYSE:HLLY) last announced its earnings results on Thursday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $141.56 million during the quarter, compared to analyst estimates of $145.80 million. Holley had a net margin of 1.68% and a return on equity of 8.41%. As a group, equities research analysts expect that Holley will post 0.39 EPS for the current year.

Hedge Funds Weigh In On Holley

Several large investors have recently added to or reduced their stakes in HLLY. Allspring Global Investments Holdings LLC boosted its holdings in Holley by 2.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,066,406 shares of the company’s stock worth $23,958,000 after purchasing an additional 258,955 shares during the period. BlackRock Inc. acquired a new stake in shares of Holley during the second quarter worth $14,361,000. Wasatch Advisors LP raised its holdings in shares of Holley by 35.1% during the second quarter. Wasatch Advisors LP now owns 4,887,038 shares of the company’s stock worth $12,462,000 after purchasing an additional 1,269,256 shares during the period. Blue Owl Capital Holdings LP bought a new position in shares of Holley in the 2nd quarter worth about $11,161,000. Finally, Bamco Inc. NY bought a new position in shares of Holley in the 2nd quarter worth about $8,288,000. 39.70% of the stock is currently owned by institutional investors.

Holley News Summary

Here are the key news stories impacting Holley this week:

• Positive Sentiment: Holley reported continued sales growth and margin expansion, generating enough cash to prepay $25 million of debt. It said leverage reached its lowest level in four years and its 3.5x year-end leverage target was achieved a quarter early. Holley Q3 results
• Positive Sentiment: Canaccord Genuity lowered its price target to $5 from $7 but kept a Buy rating, signaling the analyst still sees significant potential upside from the recent share price. Canaccord price target update
• Neutral Sentiment: Management forecast 2026 adjusted EBITDA of $127 million–$132 million and net sales of $610 million–$625 million. The sales range’s upper end is near, but its midpoint is below, analysts’ roughly $624.6 million estimate. Holley 2026 outlook
• Negative Sentiment: Third-quarter EPS of $0.06 missed the $0.07 consensus, while revenue of $141.56 million was below analysts’ $145.8 million estimate. The shortfalls may weigh on sentiment despite year-over-year EPS growth from $0.03. Q3 earnings and revenue results

Holley Company Profile

Holley Inc is an automotive aftermarket company that designs, manufactures and distributes performance products for cars, trucks, powersports vehicles and other enthusiast applications. Its offerings include fuel systems, engine and ignition components, exhaust products, suspension and driveline components, electronic controls, vehicle accessories and safety equipment.

The company serves do-it-yourself consumers, professional installers, racing teams, automotive enthusiasts and original equipment manufacturers through a portfolio of established aftermarket brands.