Harley-Davidson (NYSE:HOG) was upgraded by Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a research note issued on Monday.
Several other equities analysts also recently commented on HOG. Stifel Nicolaus reiterated a “hold” rating and issued a $54.00 price objective (up from $49.00) on shares of Harley-Davidson in a report on Wednesday, January 17th. Wedbush decreased their price objective on shares of Harley-Davidson to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Longbow Research downgraded shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $56.00 price objective on shares of Harley-Davidson in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and a consensus target price of $53.12.
Harley-Davidson (HOG) traded up $0.66 during trading hours on Monday, hitting $53.00. 1,616,500 shares of the company’s stock traded hands, compared to its average volume of 2,702,885. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40. The firm has a market capitalization of $8,970.00, a P/E ratio of 16.61, a P/E/G ratio of 1.67 and a beta of 0.96. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18.
In related news, Director Jochen Zeitz sold 1,859 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Levatich sold 19,447 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the sale, the chief executive officer now directly owns 88,646 shares of the company’s stock, valued at approximately $4,286,920.56. The disclosure for this sale can be found here. Insiders sold 29,966 shares of company stock worth $1,435,298 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new stake in Harley-Davidson during the third quarter worth about $166,000. TLP Group LLC bought a new stake in Harley-Davidson during the second quarter worth about $255,000. Profund Advisors LLC lifted its position in Harley-Davidson by 29.5% during the second quarter. Profund Advisors LLC now owns 5,487 shares of the company’s stock worth $296,000 after purchasing an additional 1,251 shares during the period. Parametrica Management Ltd bought a new stake in Harley-Davidson during the third quarter worth about $269,000. Finally, IFM Investors Pty Ltd bought a new stake in Harley-Davidson during the third quarter worth about $280,000. 96.97% of the stock is owned by institutional investors and hedge funds.
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.