Harley-Davidson, Inc. (NYSE:HOG) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research note issued on Friday, October 20th, Marketbeat Ratings reports. The firm currently has a $53.00 price objective on the stock. Argus’ price objective points to a potential upside of 16.46% from the stock’s current price.
Other analysts have also issued reports about the company. BidaskClub upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. ValuEngine raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. BMO Capital Markets restated a “buy” rating and set a $56.00 price target on shares of Harley-Davidson in a research note on Friday, September 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 target price (down previously from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.50.
Shares of Harley-Davidson (NYSE:HOG) traded up $0.73 during midday trading on Friday, reaching $45.51. The company’s stock had a trading volume of 1,876,248 shares, compared to its average volume of 2,802,332. Harley-Davidson has a 52-week low of $44.54 and a 52-week high of $63.40. The company has a market cap of $7,598.53, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.55 and a beta of 0.94. 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 (NYSE:HOG) last released its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. analysts predict that Harley-Davidson will post 3.43 EPS for the current year.
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In related news, insider Lawrence G. Hund sold 8,660 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total transaction of $405,980.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jochen Zeitz sold 1,859 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total transaction of $88,860.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,739 shares of company stock worth $3,524,954. Insiders own 0.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HOG. JPMorgan Chase & Co. lifted its stake in Harley-Davidson by 147.2% during the 1st quarter. JPMorgan Chase & Co. now owns 158,155 shares of the company’s stock valued at $9,569,000 after acquiring an additional 94,170 shares during the period. Victory Capital Management Inc. grew its holdings in Harley-Davidson by 19.9% during the 1st quarter. Victory Capital Management Inc. now owns 17,287 shares of the company’s stock valued at $1,046,000 after buying an additional 2,875 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Harley-Davidson by 3.8% during the 1st quarter. OppenheimerFunds Inc. now owns 11,816 shares of the company’s stock valued at $715,000 after buying an additional 429 shares in the last quarter. Teachers Advisors LLC grew its holdings in Harley-Davidson by 19.7% during the 1st quarter. Teachers Advisors LLC now owns 321,513 shares of the company’s stock valued at $19,452,000 after buying an additional 52,868 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Harley-Davidson by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,005,737 shares of the company’s stock valued at $60,849,000 after purchasing an additional 5,498 shares in the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.
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.
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