Halfords is moving up a gear – here's how to play its shares

During Covid, Halfords (LSE:HFD), briefly benefited from the expectation that everyone would become a cyclist. Many people were making changes to their lives, such as adopting a pet, buying an exercise machine, or taking up a new hobby. Shares in the firms that served these sectors surged, but once the lockdowns ended, many of these interests dwindled, causing the shares to fall back. Even today, Halfords’ share price is still down 50% from its record peak in May 2021. But recently it has