Harley-Davidson (NYSE:HOG) Stock Rating Upgraded by Argus

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

Several other research analysts have also weighed in on HOG. Citigroup reduced their target price on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harley-Davidson in a research report on Thursday, January 22nd. Robert W. Baird set a $22.00 price objective on Harley-Davidson in a report on Wednesday, February 11th. DA Davidson lowered their target price on Harley-Davidson from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, UBS Group cut their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $23.50.

Harley-Davidson Stock Performance

Shares of NYSE:HOG opened at $20.60 on Tuesday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 0.70 and a beta of 1.39. The firm’s 50 day simple moving average is $20.66 and its 200 day simple moving average is $24.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.10 and a quick ratio of 1.83. 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 earnings results on Tuesday, February 10th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of ($0.92) by ($1.52). The firm had revenue of $496.16 million during the quarter, compared to the consensus estimate of $482.21 million. Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.93) EPS. As a group, sell-side analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds have recently modified their holdings of HOG. EverSource Wealth Advisors LLC boosted its position in Harley-Davidson by 139.0% during 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 last quarter. Pinnacle Holdings LLC bought a new position in shares of Harley-Davidson in the fourth quarter valued at $30,000. Fifth Third Bancorp increased its holdings in Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after buying an additional 579 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Westfuller Advisors LLC acquired a new stake in Harley-Davidson in the third quarter valued at $67,000. Institutional investors own 85.10% of the company’s stock.

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.