Wedbush Increases Harley-Davidson (HOG) Price Target to $49.00
Harley-Davidson (NYSE:HOG) had its price target lifted by equities research analysts at Wedbush from $45.00 to $49.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. Wedbush’s price objective would suggest a potential downside of 3.69% from the stock’s current price.
HOG has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BMO Capital Markets reissued a “buy” rating and set a $56.00 price objective on shares of Harley-Davidson in a research report on Friday, October 13th. Aegis assumed coverage on shares of Harley-Davidson in a research report on Monday, August 28th. They set a “hold” rating and a $49.00 price objective for the company. Goldman Sachs Group reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Finally, UBS reaffirmed a “hold” rating and issued a $47.00 target price on shares of Harley-Davidson in a report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $52.75.
Shares of Harley-Davidson (HOG) traded up $0.24 on Thursday, hitting $50.88. The stock had a trading volume of 2,109,100 shares, compared to its average volume of 2,269,848. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40. The company has a market cap of $8,522.47, a PE ratio of 15.82, a P/E/G ratio of 1.74 and a beta of 0.96.
In other news, Director Jochen Zeitz sold 1,859 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total transaction of $88,860.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lawrence G. Hund sold 8,660 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $46.88, for a total transaction of $405,980.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,726 shares of company stock worth $2,816,641. Corporate insiders own 0.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Matrix Asset Advisors Inc. NY boosted its stake in shares of Harley-Davidson by 8.0% during the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock valued at $10,139,000 after purchasing an additional 13,897 shares in the last quarter. Parthenon LLC boosted its stake in Harley-Davidson by 32.4% in the third quarter. Parthenon LLC now owns 15,849 shares of the company’s stock valued at $764,000 after acquiring an additional 3,875 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Harley-Davidson in the third quarter valued at approximately $960,000. Commerzbank Aktiengesellschaft FI boosted its stake in Harley-Davidson by 26.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 207,559 shares of the company’s stock valued at $10,006,000 after acquiring an additional 42,983 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Harley-Davidson by 53.3% in the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after buying an additional 2,815,749 shares during the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.
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Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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