Harley-Davidson (NYSE:HOG) was upgraded by equities researchers at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday.
Other research analysts have also issued reports about the company. Wedbush decreased their target price on Harley-Davidson to $49.00 and set a “neutral” rating for the company in a report on Wednesday, January 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 target price (down from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. TheStreet lowered Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Goldman Sachs Group lowered Harley-Davidson to a “hold” rating and set a $43.00 target price for the company. in a report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $53.12.
Harley-Davidson (NYSE HOG) traded up $0.66 during trading hours on Monday, reaching $53.00. The company had a trading volume of 1,616,500 shares, compared to its average volume of 2,702,885. The stock has a market capitalization of $8,970.00, a price-to-earnings ratio of 16.61, a PEG ratio of 1.67 and a beta of 0.96. Harley-Davidson has a 52-week low of $44.52 and a 52-week 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.
In related news, insider Lawrence G. Hund sold 8,660 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total value of $405,980.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jochen Zeitz sold 1,859 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total value of $88,860.20. The disclosure for this sale can be found here. Insiders have sold a total of 29,966 shares of company stock valued at $1,435,298 over the last ninety days. 0.70% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Veritable L.P. increased its position in Harley-Davidson by 1.0% in the 2nd quarter. Veritable L.P. now owns 13,842 shares of the company’s stock valued at $748,000 after acquiring an additional 138 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in Harley-Davidson by 0.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 95,625 shares of the company’s stock valued at $5,165,000 after acquiring an additional 280 shares during the period. MML Investors Services LLC increased its position in Harley-Davidson by 11.1% during the 2nd quarter. MML Investors Services LLC now owns 6,169 shares of the company’s stock worth $333,000 after purchasing an additional 614 shares during the period. Suntrust Banks Inc. increased its position in Harley-Davidson by 12.2% during the 2nd quarter. Suntrust Banks Inc. now owns 7,625 shares of the company’s stock worth $411,000 after purchasing an additional 828 shares during the period. Finally, Robinson Value Management Ltd. increased its position in Harley-Davidson by 3.5% during the 3rd 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 during the period. Hedge funds and other institutional investors own 96.97% of the company’s stock.
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.
Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.