Harley-Davidson, Inc. (NYSE:HOG) Given Consensus Rating of “Hold” by Analysts

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been given a consensus rating of “Hold” by the twelve analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $26.7778.

A number of research analysts have issued reports on HOG shares. Wells Fargo & Company upped their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Robert W. Baird lifted their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Morgan Stanley boosted their price objective on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Citigroup upped their target price on Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Sunday, July 12th. Finally, DA Davidson lifted their price target on Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, August 17th.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $28.09 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The company has a market cap of $2.92 billion, a PE ratio of 17.23, a P/E/G ratio of 17.35 and a beta of 1.27. The business has a 50-day simple moving average of $26.15 and a two-hundred day simple moving average of $23.45. Harley-Davidson has a fifty-two week low of $17.09 and a fifty-two week high of $31.25.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, equities analysts expect that Harley-Davidson will post 0.56 EPS for the current fiscal year.

Insider Transactions at Harley-Davidson

In other news, Director Daniel J. Nova bought 40,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $24.57 per share, with a total value of $982,800.00. Following the completion of the acquisition, the director directly owned 47,605 shares of the company’s stock, valued at $1,169,654.85. This trade represents a 525.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Artie Starrs bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $25.89 per share, for a total transaction of $258,900.00. Following the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at $647,250. The trade was a 66.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 57,500 shares of company stock valued at $1,439,550. 0.97% of the stock is owned by company insiders.

Institutional Trading of Harley-Davidson

Several large investors have recently made changes to their positions in HOG. BlackRock Inc. purchased a new position in shares of Harley-Davidson during the second quarter worth $249,395,000. Donald Smith & CO. Inc. purchased a new stake in Harley-Davidson in the second quarter valued at $226,966,000. Boston Partners boosted its holdings in Harley-Davidson by 2.1% in the third quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after purchasing an additional 84,516 shares during the last quarter. State Street Corp grew its position in Harley-Davidson by 1.7% during the 2nd quarter. State Street Corp now owns 3,757,709 shares of the company’s stock worth $88,682,000 after purchasing an additional 64,118 shares during the period. Finally, California State Teachers Retirement System grew its position in Harley-Davidson by 2,455.2% during the 2nd quarter. California State Teachers Retirement System now owns 3,162,213 shares of the company’s stock worth $77,348,000 after purchasing an additional 3,038,456 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

About Harley-Davidson

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.