Harley-Davidson (NYSE:HOG) Upgraded to Strong-Buy at Argus

Harley-Davidson (NYSE:HOG) was upgraded by research analysts at Argus to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

HOG has been the topic of a number of other reports. UBS Group decreased their price objective on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. DA Davidson decreased their price target on Harley-Davidson from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Loop Capital assumed coverage on Harley-Davidson in a research report on Tuesday, November 25th. They issued a “hold” rating and a $21.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and set a $24.00 price objective on shares of Harley-Davidson in a research report on Wednesday, February 11th. Finally, Zacks Research downgraded shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $23.50.

Harley-Davidson Trading Up 1.2%

Shares of HOG opened at $20.60 on Tuesday. The stock has a market capitalization of $2.43 billion, a PE ratio of 7.89, a P/E/G ratio of 0.70 and a beta of 1.39. The company’s fifty day moving average is $20.66 and its 200 day moving average is $24.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.83 and a current ratio of 2.10. Harley-Davidson has a fifty-two week low of $19.33 and a fifty-two week high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($1.52). The business had revenue of $496.16 million during the quarter, compared to analysts’ expectations of $482.21 million. Harley-Davidson had a return on equity of 10.27% and a net margin of 8.03%.The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.93) earnings per share. Sell-side analysts expect that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Harley-Davidson by 139.0% in the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock valued at $26,000 after purchasing an additional 549 shares during the period. Pinnacle Holdings LLC purchased a new position in Harley-Davidson during the 4th quarter valued at about $30,000. Fifth Third Bancorp raised its holdings in shares of Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after purchasing an additional 579 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Westfuller Advisors LLC bought a new position in shares of Harley-Davidson during the third quarter valued at approximately $67,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.