Harley-Davidson (NYSE:HOG) has been assigned a $39.00 target price by stock analysts at Stifel Nicolaus in a research report issued on Friday, TipRanks reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential downside of 3.35% from the stock’s current price.
HOG has been the topic of several other research reports. ValuEngine lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Friday, July 19th. Longbow Research reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Monday, September 23rd. Zacks Investment Research raised Harley-Davidson from a “sell” rating to a “hold” rating and set a $42.00 price target on the stock in a research note on Thursday. Finally, Morgan Stanley decreased their price target on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.13.
Shares of NYSE:HOG traded up $0.96 during trading on Friday, hitting $40.35. 1,882,560 shares of the stock were exchanged, compared to its average volume of 2,030,528. Harley-Davidson has a 1-year low of $30.17 and a 1-year high of $43.69. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. The company’s fifty day simple moving average is $35.51 and its 200-day simple moving average is $35.35. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.03 and a current ratio of 1.11.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Harley-Davidson had a return on equity of 28.84% and a net margin of 7.55%. Harley-Davidson’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, research analysts forecast that Harley-Davidson will post 3.4 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its position in shares of Harley-Davidson by 73.8% during the second quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after acquiring an additional 341 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Harley-Davidson by 65.7% during the third quarter. AdvisorNet Financial Inc now owns 1,016 shares of the company’s stock worth $37,000 after acquiring an additional 403 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Harley-Davidson by 5.4% during the second quarter. Glen Harbor Capital Management LLC now owns 9,088 shares of the company’s stock worth $326,000 after acquiring an additional 464 shares during the last quarter. Rehmann Capital Advisory Group raised its position in shares of Harley-Davidson by 27.5% during the second quarter. Rehmann Capital Advisory Group now owns 2,303 shares of the company’s stock worth $83,000 after acquiring an additional 497 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Harley-Davidson by 28.2% during the second quarter. Advisory Services Network LLC now owns 2,674 shares of the company’s stock worth $96,000 after acquiring an additional 588 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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