ValuEngine Upgrades Harley-Davidson (NYSE:HOG) to Hold

ValuEngine upgraded shares of Harley-Davidson (NYSE:HOG) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Other research analysts have also issued reports about the company. KeyCorp lowered Harley-Davidson from a sector weight rating to an underweight rating and set a $33.00 target price for the company. in a research note on Monday, November 4th. Stifel Nicolaus set a $39.00 price target on shares of Harley-Davidson and gave the stock a hold rating in a research note on Friday, October 25th. Wedbush dropped their price objective on shares of Harley-Davidson from $35.00 to $33.00 and set a neutral rating for the company in a research note on Wednesday, October 9th. Longbow Research restated a hold rating on shares of Harley-Davidson in a research note on Monday, September 23rd. Finally, Tigress Financial reaffirmed a buy rating on shares of Harley-Davidson in a report on Friday, September 27th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Harley-Davidson currently has an average rating of Hold and a consensus target price of $38.25.

NYSE HOG opened at $35.91 on Tuesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.11 and a quick ratio of 0.97. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 1.34 and a beta of 1.16. The company’s fifty day moving average is $37.85 and its two-hundred day moving average is $35.33. Harley-Davidson has a 52-week low of $30.17 and a 52-week high of $43.41.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. Harley-Davidson had a return on equity of 28.84% and a net margin of 7.55%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $0.83 EPS. The company’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Harley-Davidson will post 3.39 earnings per share for the current fiscal year.

In related news, insider Lawrence G. Hund sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $40.22, for a total value of $321,760.00. Following the completion of the sale, the insider now owns 10,593 shares of the company’s stock, valued at $426,050.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michelle Kumbier sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $37.07, for a total transaction of $815,540.00. Following the completion of the transaction, the senior vice president now owns 149 shares of the company’s stock, valued at approximately $5,523.43. The disclosure for this sale can be found here. Insiders have sold a total of 74,465 shares of company stock valued at $2,778,503 over the last ninety days. Insiders own 0.86% of the company’s stock.

Large investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC grew its position in shares of Harley-Davidson by 73.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after buying an additional 341 shares during the period. AdvisorNet Financial Inc lifted its holdings in Harley-Davidson by 65.7% in the third quarter. AdvisorNet Financial Inc now owns 1,016 shares of the company’s stock valued at $37,000 after buying an additional 403 shares during the period. Glen Harbor Capital Management LLC lifted its holdings in Harley-Davidson by 5.4% in the second quarter. Glen Harbor Capital Management LLC now owns 9,088 shares of the company’s stock valued at $326,000 after buying an additional 464 shares during the period. Rehmann Capital Advisory Group boosted its stake in Harley-Davidson by 27.5% in the second quarter. Rehmann Capital Advisory Group now owns 2,303 shares of the company’s stock valued at $83,000 after acquiring an additional 497 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Harley-Davidson by 28.2% in the second quarter. Advisory Services Network LLC now owns 2,674 shares of the company’s stock valued at $96,000 after acquiring an additional 588 shares during the last quarter. 92.62% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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