Harley-Davidson (HOG) Price Target Raised to $49.00

Harley-Davidson (NYSE:HOG) had its target price boosted by analysts at Wedbush from $45.00 to $49.00 in a research note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Wedbush’s price objective indicates a potential downside of 3.69% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and issued a $56.00 target price on shares of Harley-Davidson in a research note on Friday, September 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price target (down from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. Argus raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Friday, October 20th. TheStreet cut shares of Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.75.

Harley-Davidson (NYSE:HOG) traded up $0.24 on Thursday, reaching $50.88. 2,109,100 shares of the company’s stock traded hands, compared to its average volume of 2,269,848. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. Harley-Davidson has a 12 month low of $44.52 and a 12 month high of $63.40. The stock has a market capitalization of $8,522.47, a P/E ratio of 15.82, a P/E/G ratio of 1.74 and a beta of 0.96.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The company had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same period in the previous year, the firm earned $0.64 earnings per share. Harley-Davidson’s revenue for the quarter was down 11.9% on a year-over-year basis. equities research analysts anticipate that Harley-Davidson will post 3.43 EPS for the current year.

In related news, CEO Matthew S. Levatich sold 19,447 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $48.36, for a total transaction of $940,456.92. Following the transaction, the chief executive officer now owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John A. Olin sold 28,760 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the transaction, the chief financial officer now directly owns 65,722 shares in the company, valued at approximately $3,156,627.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,726 shares of company stock worth $2,816,641. Insiders own 0.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HOG. Janney Montgomery Scott LLC grew its holdings in Harley-Davidson by 5.3% during the second quarter. Janney Montgomery Scott LLC now owns 9,855 shares of the company’s stock valued at $532,000 after purchasing an additional 500 shares during the last quarter. Korea Investment CORP boosted its stake in Harley-Davidson by 44.0% during the second quarter. Korea Investment CORP now owns 37,558 shares of the company’s stock worth $2,029,000 after buying an additional 11,472 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Harley-Davidson by 8.1% during the second quarter. IFP Advisors Inc now owns 7,464 shares of the company’s stock valued at $403,000 after acquiring an additional 559 shares during the period. Global X Management Co. LLC lifted its holdings in shares of Harley-Davidson by 14.1% during the second quarter. Global X Management Co. LLC now owns 8,628 shares of the company’s stock valued at $466,000 after acquiring an additional 1,063 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Harley-Davidson by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 884,599 shares of the company’s stock valued at $47,787,000 after acquiring an additional 32,979 shares during the period. Institutional investors own 96.33% of the company’s stock.

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Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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