William Blair Has Pessimistic Outlook of Holley Q1 Earnings

Holley Inc. (NYSE:HLLY) – Research analysts at William Blair lowered their Q1 2025 EPS estimates for Holley in a report released on Tuesday, March 11th. William Blair analyst P. Blee now expects that the company will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.06. The consensus estimate for Holley’s current full-year earnings is $0.12 per share.

Several other analysts have also commented on HLLY. Raymond James lifted their price objective on shares of Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday. Telsey Advisory Group reissued an “outperform” rating and issued a $4.50 price target on shares of Holley in a research report on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Holley presently has a consensus rating of “Buy” and an average target price of $6.80.

Holley Stock Performance

Shares of HLLY stock opened at $2.41 on Friday. The firm has a market cap of $288.11 million, a price-to-earnings ratio of 18.50 and a beta of 1.44. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93. Holley has a 52 week low of $2.26 and a 52 week high of $4.58. The firm’s 50-day simple moving average is $2.87 and its two-hundred day simple moving average is $2.89.

Holley (NYSE:HLLY) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. The business had revenue of $140.05 million for the quarter, compared to analyst estimates of $137.60 million. Holley had a net margin of 2.55% and a return on equity of 2.59%. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share.

Insider Activity

In related news, Director David S. Lobel sold 1,743,356 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the transaction, the director now owns 41,556,961 shares of the company’s stock, valued at approximately $124,670,883. The trade was a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Holley

Several hedge funds have recently bought and sold shares of HLLY. Boston Partners purchased a new position in Holley during the fourth quarter valued at approximately $4,746,000. Bamco Inc. NY grew its stake in Holley by 33.3% during the fourth quarter. Bamco Inc. NY now owns 4,000,000 shares of the company’s stock valued at $12,080,000 after acquiring an additional 1,000,000 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Holley by 12,719.0% during the fourth quarter. Russell Investments Group Ltd. now owns 819,136 shares of the company’s stock valued at $2,474,000 after acquiring an additional 812,746 shares in the last quarter. Mink Brook Asset Management LLC purchased a new position in Holley during the fourth quarter valued at approximately $1,666,000. Finally, Blue Owl Capital Holdings LP grew its stake in Holley by 17.3% in the 4th quarter. Blue Owl Capital Holdings LP now owns 2,990,294 shares of the company’s stock worth $9,031,000 after buying an additional 440,040 shares in the last quarter. Hedge funds and other institutional investors own 39.70% of the company’s stock.

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.