Harley-Davidson Inc (NYSE:HOG) Given Average Recommendation of “Hold” by Analysts

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Shares of Harley-Davidson Inc (NYSE:HOG) have earned a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $41.75.

A number of equities analysts recently issued reports on HOG shares. Northcoast Research restated a “hold” rating on shares of Harley-Davidson in a research note on Tuesday, June 4th. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Goldman Sachs Group set a $131.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wedbush set a $30.00 target price on Redfin and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Morgan Stanley restated an “equal weight” rating and issued a GBX 250 ($3.27) target price on shares of BT Group in a research note on Tuesday, April 30th.

In other Harley-Davidson news, Director Jochen Zeitz sold 2,227 shares of Harley-Davidson stock in a transaction dated Wednesday, May 29th. The stock was 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 approximately $33.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Harley-Davidson by 31.0% in the 1st quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock valued at $507,463,000 after purchasing an additional 3,367,376 shares in the last quarter. LSV Asset Management increased its stake in shares of Harley-Davidson by 2.1% in the 1st quarter. LSV Asset Management now owns 4,080,311 shares of the company’s stock valued at $145,503,000 after purchasing an additional 85,495 shares in the last quarter. Beutel Goodman & Co Ltd. increased its stake in shares of Harley-Davidson by 2.5% in the 1st quarter. Beutel Goodman & Co Ltd. now owns 3,937,138 shares of the company’s stock valued at $105,060,000 after purchasing an additional 95,538 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Harley-Davidson by 44.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock valued at $84,394,000 after purchasing an additional 762,573 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Harley-Davidson by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 2,426,455 shares of the company’s stock valued at $82,664,000 after purchasing an additional 136,387 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Shares of Harley-Davidson stock traded down $0.89 during trading on Friday, reaching $34.85. The company’s stock had a trading volume of 2,298,500 shares, compared to its average volume of 2,035,878. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.22. The stock has a market capitalization of $5.70 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.21. Harley-Davidson has a 1-year low of $31.36 and a 1-year high of $46.22. The company has a 50-day moving average price of $35.31.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data 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 firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. As a group, equities analysts predict that Harley-Davidson will post 3.77 EPS for the current year.

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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Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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