Wedbush Reiterates $35.00 Price Target for Harley-Davidson (NYSE:HOG)

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Wedbush set a $35.00 price target on Harley-Davidson (NYSE:HOG) in a research report report published on Friday, TipRanks reports. The firm currently has a hold rating on the stock.

HOG has been the topic of a number of other research reports. Goldman Sachs Group set a $131.00 target price on Microsoft and gave the stock a buy rating in a research note on Wednesday, April 24th. Northcoast Research reiterated a hold rating on shares of Harley-Davidson in a research note on Tuesday, June 4th. Wells Fargo & Co set a $27.00 price objective on Univar and gave the stock a buy rating in a research note on Monday, April 8th. Zacks Investment Research upgraded Green Brick Partners from a sell rating to a hold rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley restated an equal weight rating and set a GBX 250 ($3.27) price objective on shares of BT Group in a research note on Tuesday, April 30th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $41.69.

Shares of NYSE HOG opened at $36.39 on Friday. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 1.21 and a beta of 1.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.22. Harley-Davidson has a 1-year low of $31.36 and a 1-year high of $46.22. The business’s 50 day moving average price is $35.14.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.12. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.21 billion. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. On average, research analysts predict that Harley-Davidson will post 3.78 earnings per share for the current fiscal year.

In other Harley-Davidson news, Director Jochen Zeitz sold 2,227 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $33.05, for a total transaction of $73,602.35. Following the transaction, the director now owns 1 shares in the company, valued at approximately $33.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Harley-Davidson by 31.0% in the 1st quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock valued at $507,463,000 after purchasing an additional 3,367,376 shares during the last quarter. LSV Asset Management increased its stake in shares of Harley-Davidson by 2.1% in the 1st quarter. LSV Asset Management now owns 4,080,311 shares of the company’s stock valued at $145,503,000 after purchasing an additional 85,495 shares during the last quarter. Beutel Goodman & Co Ltd. increased its stake in shares of Harley-Davidson by 2.5% in the 1st quarter. Beutel Goodman & Co Ltd. now owns 3,937,138 shares of the company’s stock valued at $105,060,000 after purchasing an additional 95,538 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Harley-Davidson by 44.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock valued at $84,394,000 after purchasing an additional 762,573 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Harley-Davidson by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 2,426,455 shares of the company’s stock valued at $82,664,000 after purchasing an additional 136,387 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

Further Reading: How To Calculate Debt-to-Equity Ratio

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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