Holley (NYSE:HLLY) Stock Rating Lowered by Wall Street Zen

Holley (NYSE:HLLY) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the stock. DA Davidson set a $3.00 price target on shares of Holley in a report on Friday. Canaccord Genuity Group cut their price objective on shares of Holley from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of Holley in a research report on Tuesday, November 3rd. Freedom Capital cut shares of Holley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Zacks Research downgraded 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.20.

Holley Stock Performance

Shares of HLLY stock opened at $2.08 on Friday. Holley has a 52 week low of $2.05 and a 52 week high of $4.48. The company has a market cap of $252.77 million, a PE ratio of 13.90 and a beta of 1.44. The company has a current ratio of 3.04, a quick ratio of 1.23 and a debt-to-equity ratio of 1.07. The company’s fifty day simple moving average is $2.59 and its 200-day simple moving average is $2.97.

Holley (NYSE:HLLY) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $141.56 million during the quarter, compared to analysts’ expectations of $145.80 million. Holley had a net margin of 3.07% and a return on equity of 9.28%. As a group, equities research analysts anticipate that Holley will post 0.39 EPS for the current year.

Institutional Trading of Holley

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in shares of Holley by 38.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,203,493 shares of the company’s stock valued at $5,200,000 after purchasing an additional 617,178 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Holley during the third quarter worth about $96,000. Penn Capital Management Company LLC lifted its position in shares of Holley by 134.4% during the third quarter. Penn Capital Management Company LLC now owns 577,427 shares of the company’s stock worth $1,363,000 after purchasing an additional 331,067 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake 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 in the last quarter. Finally, Skylands Capital LLC grew its stake in Holley by 2.1% in the third quarter. Skylands Capital LLC now owns 1,092,212 shares of the company’s stock worth $2,578,000 after purchasing an additional 22,383 shares in the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

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.