Harley-Davidson (NYSE:HOG) received a $35.00 price target from analysts at Wedbush in a research note issued to investors on Friday, TipRanks reports. The brokerage presently has a “hold” rating on the stock. Wedbush’s target price points to a potential downside of 4.45% from the company’s previous close.
HOG has been the topic of a number of other reports. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Morgan Stanley restated an “equal weight” rating and set a GBX 250 ($3.27) price target on shares of BT Group in a research report on Tuesday, April 30th. Wells Fargo & Co set a $27.00 price target on shares of Univar and gave the stock a “buy” rating in a research report on Monday, April 8th. Northcoast Research restated a “hold” rating on shares of Harley-Davidson in a research report on Tuesday, June 4th. Finally, Goldman Sachs Group set a $131.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $41.69.
Shares of NYSE:HOG traded up $0.53 on Friday, reaching $36.63. 1,089,511 shares of the company’s stock were exchanged, compared to its average volume of 1,611,347. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 1.21 and a beta of 1.21. Harley-Davidson has a fifty-two week low of $31.36 and a fifty-two week high of $46.22. The business has a 50-day simple moving average of $35.02. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.22 and a quick ratio of 1.05.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.12. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Harley-Davidson had a net margin of 8.72% and a return on equity of 28.82%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. Sell-side analysts anticipate that Harley-Davidson will post 3.78 EPS for the current year.
In other news, Director Jochen Zeitz sold 2,227 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $33.05, for a total transaction of $73,602.35. Following the completion of the transaction, the director now owns 1 shares in the company, valued at $33.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Icon Wealth Partners LLC bought a new position in Harley-Davidson in the 1st quarter valued at about $27,000. Machina Capital S.A.S. bought a new position in Harley-Davidson in the 4th quarter valued at about $31,000. CSat Investment Advisory L.P. grew its position in Harley-Davidson by 101.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,265 shares of the company’s stock valued at $43,000 after buying an additional 637 shares in the last quarter. WP Advisors LLC bought a new position in Harley-Davidson in the 1st quarter valued at about $65,000. Finally, Hanson McClain Inc. grew its position in Harley-Davidson by 405.7% in the 1st quarter. Hanson McClain Inc. now owns 1,876 shares of the company’s stock valued at $67,000 after buying an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 91.59% 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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