Houlihan Lokey, Inc. (NYSE:HLI) Receives $173.40 Consensus Target Price from Analysts

Houlihan Lokey, Inc. (NYSE:HLI) has been given an average rating of “Reduce” by the six analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $173.40.

A number of equities analysts have weighed in on HLI shares. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods reduced their price objective on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company lowered their price objective on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Finally, UBS Group lifted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th.

Houlihan Lokey Stock Down 0.3 %

NYSE HLI opened at $186.08 on Wednesday. The stock’s 50 day moving average is $179.32 and its 200 day moving average is $165.58. The firm has a market capitalization of $12.93 billion, a PE ratio of 38.05 and a beta of 0.69. Houlihan Lokey has a twelve month low of $119.28 and a twelve month high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 EPS. On average, research analysts anticipate that Houlihan Lokey will post 5.74 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a dividend of $0.57 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.23%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 46.63%.

Hedge Funds Weigh In On Houlihan Lokey

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its stake in shares of Houlihan Lokey by 24,074.0% in the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock worth $67,647,000 after acquiring an additional 499,535 shares during the period. Fiera Capital Corp lifted its position in Houlihan Lokey by 666.8% during the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after purchasing an additional 246,705 shares during the period. Jennison Associates LLC boosted its holdings in Houlihan Lokey by 341.0% in the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock worth $53,366,000 after purchasing an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Houlihan Lokey in the 3rd quarter worth approximately $24,177,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Houlihan Lokey by 33.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after buying an additional 149,114 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.