Harley-Davidson (NYSE:HOG) Price Target Raised to $34.00 at DA Davidson

Harley-Davidson (NYSE:HOG) had its target price hoisted by DA Davidson from $31.00 to $34.00 in a research note released on Monday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

HOG has been the topic of several other research reports. Citigroup upped their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, June 16th. UBS Group decreased their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, July 8th. Finally, Robert W. Baird raised their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $30.33.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $28.89 on Monday. The firm has a 50 day moving average of $24.85 and a 200-day moving average of $24.62. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 0.46 and a beta of 1.29. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. Harley-Davidson has a 52 week low of $20.45 and a 52 week high of $39.93.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.11). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The firm’s revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 earnings per share. On average, equities analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current year.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood bought 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $24.06 per share, with a total value of $49,756.08. Following the completion of the acquisition, the director directly owned 4,705 shares in the company, valued at approximately $113,202.30. The trade was a 78.42% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.93% of the stock is owned by insiders.

Hedge Funds Weigh In On Harley-Davidson

Several institutional investors have recently added to or reduced their stakes in HOG. Brickwood Asset Management LLP bought a new position in Harley-Davidson in the 4th quarter worth approximately $27,783,000. Aquatic Capital Management LLC boosted its holdings in shares of Harley-Davidson by 186.6% in the fourth quarter. Aquatic Capital Management LLC now owns 144,458 shares of the company’s stock worth $4,353,000 after acquiring an additional 94,058 shares during the period. Praxis Investment Management Inc. purchased a new position in shares of Harley-Davidson in the first quarter valued at $291,000. Northern Trust Corp raised its stake in shares of Harley-Davidson by 20.1% during the 4th quarter. Northern Trust Corp now owns 1,063,222 shares of the company’s stock valued at $32,035,000 after purchasing an additional 177,748 shares during the period. Finally, Skylands Capital LLC lifted its holdings in Harley-Davidson by 79.3% during the 1st quarter. Skylands Capital LLC now owns 43,200 shares of the company’s stock worth $1,091,000 after purchasing an additional 19,100 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

About Harley-Davidson

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.