Harley-Davidson (NYSE:HOG) Stock Rating Upgraded by DA Davidson

Harley-Davidson (NYSE:HOG) was upgraded by investment analysts at DA Davidson to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Bank of America decreased their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Morgan Stanley decreased their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Robert W. Baird dropped their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Citigroup reduced their target price on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Finally, UBS Group dropped their price target on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.00.

Harley-Davidson Stock Down 11.6 %

Shares of HOG stock traded down $2.76 during mid-day trading on Tuesday, hitting $20.93. 887,487 shares of the stock traded hands, compared to its average volume of 2,474,392. The stock’s fifty day moving average is $25.34 and its two-hundred day moving average is $29.90. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. Harley-Davidson has a 52-week low of $20.45 and a 52-week high of $41.88. The stock has a market cap of $2.61 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the previous year, the business earned $0.18 earnings per share. Equities analysts predict that Harley-Davidson will post 3.44 EPS for the current year.

Insider Buying and Selling

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now owns 23,555 shares in the company, valued at $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of Harley-Davidson by 3,514.8% in the first quarter. Versant Capital Management Inc now owns 976 shares of the company’s stock valued at $25,000 after acquiring an additional 949 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after buying an additional 554 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company’s stock worth $39,000 after buying an additional 916 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Harley-Davidson during the 4th quarter valued at about $42,000. Finally, Global Retirement Partners LLC lifted its position in Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after buying an additional 846 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.