Keefe, Bruyette & Woods Issues Pessimistic Forecast for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI) had its target price lowered by equities researchers at Keefe, Bruyette & Woods from $177.00 to $172.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 12.50% from the company’s previous close.

Several other analysts have also weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. BMO Capital Markets raised their price target on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Weiss Ratings lowered shares of Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. UBS Group set a $160.00 price objective on shares of Houlihan Lokey in a research report on Thursday. Finally, Morgan Stanley cut their target price on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.29.

Houlihan Lokey Stock Down 0.4%

NYSE:HLI opened at $152.88 on Thursday. The company has a market cap of $10.67 billion, a PE ratio of 24.58, a P/E/G ratio of 1.09 and a beta of 0.99. The business’s 50 day moving average is $150.56 and its two-hundred day moving average is $168.85. Houlihan Lokey has a 52 week low of $134.41 and a 52 week high of $211.78.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). The firm had revenue of $635.64 million during the quarter, compared to the consensus estimate of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. Houlihan Lokey’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. As a group, sell-side analysts expect that Houlihan Lokey will post 8.73 EPS for the current fiscal year.

Insider Activity at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total value of $71,700.00. Following the sale, the general counsel directly owned 500 shares in the company, valued at $71,700. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 22.83% of the company’s stock.

Institutional Investors Weigh In On Houlihan Lokey

Hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC bought a new position in Houlihan Lokey in the 4th quarter worth approximately $26,000. Oakworth Capital Inc. bought a new stake in Houlihan Lokey during the 4th quarter valued at $29,000. Westside Investment Management Inc. boosted its position in Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 58 shares during the period. Root Financial Partners LLC acquired a new position in Houlihan Lokey during the 3rd quarter worth $31,000. Finally, Core Wealth Advisors LLC bought a new position in shares of Houlihan Lokey in the fourth quarter worth $32,000. Institutional investors own 78.07% of the company’s stock.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.