Harley-Davidson (NYSE:HOG) Price Target Raised to $33.00

Harley-Davidson (NYSE:HOG) had its price target upped by DA Davidson from $30.00 to $33.00 in a report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

HOG has been the subject of several other research reports. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Monday, July 20th. Weiss Ratings upgraded Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Morgan Stanley lifted their price target on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Finally, Griffin Securities set a $30.00 price target on shares of Harley-Davidson in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $26.78.

Harley-Davidson Stock Up 1.3%

Shares of NYSE HOG opened at $27.58 on Monday. The business has a fifty day moving average of $25.84 and a two-hundred day moving average of $23.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. Harley-Davidson has a 52-week low of $17.09 and a 52-week high of $31.25. The stock has a market cap of $2.87 billion, a PE ratio of 16.92, a PEG ratio of 16.82 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. Harley-Davidson’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. As a group, equities research analysts expect that Harley-Davidson will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Harley-Davidson

In other news, CAO Gayle Littleton bought 7,500 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $26.38 per share, for a total transaction of $197,850.00. Following the completion of the transaction, the chief accounting officer directly owned 7,500 shares in the company, valued at $197,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Artie Starrs purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $25.89 per share, for a total transaction of $258,900.00. Following the purchase, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $647,250. This trade represents a 66.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 57,500 shares of company stock valued at $1,439,550 over the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

Institutional Trading of Harley-Davidson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. Triumph Capital Management lifted its position in Harley-Davidson by 4.7% during the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock valued at $284,000 after purchasing an additional 454 shares during the period. State of Michigan Retirement System grew its position in shares of Harley-Davidson by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock worth $575,000 after buying an additional 500 shares during the period. Fifth Third Bancorp raised its stake in shares of Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after buying an additional 579 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Harley-Davidson by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock worth $490,000 after buying an additional 600 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in Harley-Davidson by 3.4% in the third quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company’s stock valued at $738,000 after buying an additional 872 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.