DA Davidson Has Lowered Expectations for Harley-Davidson (NYSE:HOG) Stock Price

Harley-Davidson (NYSE:HOG) had its price target cut by equities research analysts at DA Davidson from $34.00 to $30.00 in a report released on Monday. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 17.19% from the company’s current price.

Several other research firms also recently commented on HOG. UBS Group set a $28.00 target price on shares of Harley-Davidson and gave the stock a “neutral” rating in a research report on Friday, October 31st. Griffin Securities set a $34.00 price objective on Harley-Davidson in a report on Monday, August 25th. Morgan Stanley cut Harley-Davidson from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $27.00 to $25.00 in a research report on Monday, October 27th. Zacks Research lowered Harley-Davidson from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $29.57.

Harley-Davidson Trading Up 1.8%

Shares of Harley-Davidson stock opened at $25.60 on Monday. The stock has a market capitalization of $3.02 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.40 and a beta of 1.39. Harley-Davidson has a 52 week low of $20.45 and a 52 week high of $35.21. The stock has a 50 day moving average price of $28.01 and a two-hundred day moving average price of $25.92. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.20 and a current ratio of 1.37.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $1.72. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%. As a group, equities analysts anticipate that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Institutional Trading of Harley-Davidson

Several hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd raised its holdings in shares of Harley-Davidson by 6.7% in the 3rd quarter. Covestor Ltd now owns 7,057 shares of the company’s stock worth $197,000 after purchasing an additional 442 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Harley-Davidson by 3.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,129 shares of the company’s stock worth $412,000 after buying an additional 607 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Harley-Davidson by 2.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,093 shares of the company’s stock valued at $663,000 after buying an additional 700 shares during the period. Assetmark Inc. lifted its position in shares of Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock valued at $27,000 after buying an additional 713 shares during the last quarter. Finally, Securian Asset Management Inc. grew its stake in shares of Harley-Davidson by 9.3% during the 3rd quarter. Securian Asset Management Inc. now owns 9,103 shares of the company’s stock worth $254,000 after acquiring an additional 777 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.