Harley-Davidson’s (HOG) Buy Rating Reaffirmed at Tigress Financial

Harley-Davidson (NYSE:HOG)‘s stock had its “buy” rating reaffirmed by analysts at Tigress Financial in a research note issued on Friday, TipRanks reports.

A number of other brokerages also recently commented on HOG. KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Friday, July 19th. Longbow Research reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Monday, September 23rd. DA Davidson reaffirmed a “sell” rating on shares of Harley-Davidson in a research report on Friday, July 26th. Northcoast Research reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Tuesday, June 4th. Finally, Wedbush set a $35.00 price objective on Harley-Davidson and gave the company a “hold” rating in a research report on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $41.00.

Harley-Davidson stock traded up $0.26 during mid-day trading on Friday, hitting $35.97. 1,772,412 shares of the company were exchanged, compared to its average volume of 2,016,854. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 1.03. The business’s 50 day simple moving average is $33.30 and its two-hundred day simple moving average is $35.40. The company has a market capitalization of $5.52 billion, a P/E ratio of 9.52, a PEG ratio of 1.27 and a beta of 1.21. Harley-Davidson has a 12-month low of $30.17 and a 12-month high of $46.22.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. Harley-Davidson’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. Equities research analysts predict that Harley-Davidson will post 3.48 earnings per share for the current year.

In other Harley-Davidson news, VP Paul J. Jones sold 11,884 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $35.15, for a total transaction of $417,722.60. Following the completion of the sale, the vice president now owns 9,575 shares of the company’s stock, valued at $336,561.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John A. Olin sold 30,000 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $35.96, for a total value of $1,078,800.00. Following the sale, the chief financial officer now directly owns 88,500 shares of the company’s stock, valued at approximately $3,182,460. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,510 shares of company stock valued at $1,626,297. 0.86% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in Harley-Davidson by 47.5% during the second quarter. Janus Henderson Group PLC now owns 150,045 shares of the company’s stock valued at $5,375,000 after acquiring an additional 48,307 shares during the period. Morningstar Investment Services LLC purchased a new stake in Harley-Davidson during the first quarter valued at about $6,625,000. OLD National Bancorp IN grew its position in Harley-Davidson by 27.6% during the second quarter. OLD National Bancorp IN now owns 68,445 shares of the company’s stock valued at $2,453,000 after acquiring an additional 14,803 shares during the period. Parametric Portfolio Associates LLC grew its position in Harley-Davidson by 1.4% during the first quarter. Parametric Portfolio Associates LLC now owns 380,259 shares of the company’s stock valued at $13,560,000 after acquiring an additional 5,098 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its position in Harley-Davidson by 207.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 86,975 shares of the company’s stock valued at $3,116,000 after acquiring an additional 58,700 shares during the period. 93.55% of the stock is owned by hedge funds and other institutional investors.

About Harley-Davidson

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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