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

Shares of Harley-Davidson, Inc. (NYSE:HOG) have earned an average rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $26.7778.

Several analysts have commented on HOG shares. Robert W. Baird boosted their price target 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. Wells Fargo & Company lifted their target price on Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Griffin Securities set a $33.00 price target on Harley-Davidson in a report on Monday, August 17th. Finally, UBS Group lifted their price objective on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $28.09 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.92 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 17.19 and a beta of 1.27. The firm’s 50 day moving average price is $26.15 and its 200-day moving average price is $23.43. Harley-Davidson has a twelve month low of $17.09 and a twelve month high of $31.25.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.Harley-Davidson’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Equities research analysts expect that Harley-Davidson will post 0.56 EPS for the current year.

Insider Buying and Selling

In other Harley-Davidson news, CEO Artie Starrs bought 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $25.89 per share, with a total value of $258,900.00. Following the completion of the purchase, the chief executive officer owned 25,000 shares in the company, valued at $647,250. This represents a 66.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jonathan R. Root sold 1,554 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $24.88, for a total value of $38,663.52. Following the completion of the sale, the chief financial officer owned 27,846 shares in the company, valued at approximately $692,808.48. The trade was a 5.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have bought a total of 57,500 shares of company stock worth $1,439,550 in the last 90 days. Company insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Triumph Capital Management increased its holdings in shares of Harley-Davidson by 4.7% in the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock valued at $284,000 after acquiring an additional 454 shares during the period. State of Michigan Retirement System lifted its stake in shares of Harley-Davidson by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock worth $575,000 after purchasing an additional 500 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Harley-Davidson by 48.9% during the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after purchasing an additional 579 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Harley-Davidson by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock valued at $490,000 after purchasing an additional 600 shares in the last quarter. Finally, Syon Capital LLC boosted its position in Harley-Davidson by 4.2% during the second quarter. Syon Capital LLC now owns 16,333 shares of the company’s stock valued at $400,000 after purchasing an additional 657 shares in the last quarter. 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.