Harley-Davidson (HOG) PT Lowered to $49.00

Harley-Davidson (NYSE:HOG) had its price target dropped by investment analysts at Wedbush to $49.00 in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the stock. Wedbush’s price target points to a potential downside of 6.04% from the stock’s current price.

Several other research analysts have also commented on HOG. Zacks Investment Research lowered Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Longbow Research lowered Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price target (down previously from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. Goldman Sachs Group lowered Harley-Davidson to a “hold” rating and set a $43.00 price target on the stock. in a research report on Wednesday, January 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $56.00 price target on shares of Harley-Davidson in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.82.

Harley-Davidson (NYSE HOG) traded down $0.12 during mid-day trading on Wednesday, reaching $52.15. The company had a trading volume of 1,335,150 shares, compared to its average volume of 2,716,257. The stock has a market capitalization of $8,780.00, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.62 and a beta of 0.96. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40. 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 (NYSE:HOG) last released its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. research analysts predict that Harley-Davidson will post 3.43 EPS for the current fiscal year.

In related news, insider Lawrence G. Hund sold 8,660 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total transaction of $405,980.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew S. Levatich sold 19,447 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the transaction, the chief executive officer now directly owns 88,646 shares in the company, valued at approximately $4,286,920.56. The disclosure for this sale can be found here. In the last three months, insiders sold 58,726 shares of company stock worth $2,816,641. Corporate insiders own 0.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC grew its holdings in Harley-Davidson by 25.7% during the third quarter. Parametric Portfolio Associates LLC now owns 486,378 shares of the company’s stock worth $23,448,000 after acquiring an additional 99,307 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Harley-Davidson during the third quarter worth $166,000. Robinson Value Management Ltd. boosted its position in Harley-Davidson by 3.5% during the third quarter. Robinson Value Management Ltd. now owns 31,959 shares of the company’s stock worth $1,541,000 after purchasing an additional 1,066 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in Harley-Davidson during the third quarter worth $280,000. Finally, Independent Advisor Alliance purchased a new stake in Harley-Davidson during the third quarter worth $368,000. 97.18% of the stock is currently owned by hedge funds and other institutional investors.

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Harley-Davidson Company Profile

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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)