Today, Harley-Davidson Inc. (HOG) Earns Overweight Rating from Morgan Stanley

Today, Harley-Davidson Inc. (HOG) Earns Overweight Rating from Morgan Stanley

Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “overweight” rating reiterated by equities researchers at Morgan Stanley in a note issued to investors on Monday. They currently have a $61.00 target price on the stock, up from their previous target price of $54.00. Morgan Stanley’s target price would indicate a potential upside of 1.99% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Citigroup Inc. increased their price target on Harley-Davidson from $51.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, August 29th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $47.00 price target on shares of Harley-Davidson in a research report on Wednesday, August 3rd. RBC Capital Markets raised Harley-Davidson from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $46.00 to $57.00 in a research report on Tuesday, November 15th. Vetr lowered Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 price target for the company. in a research report on Monday, August 8th. Finally, Jefferies Group initiated coverage on Harley-Davidson in a research report on Friday, September 30th. They issued a “hold” rating and a $49.00 price target for the company. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.22.

Shares of Harley-Davidson (NYSE:HOG) traded down 0.58% during midday trading on Monday, hitting $59.81. 1,780,182 shares of the stock were exchanged. Harley-Davidson has a 1-year low of $36.36 and a 1-year high of $61.35. The stock’s 50-day moving average price is $55.86 and its 200-day moving average price is $50.96. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 16.01 and a beta of 0.96.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. Harley-Davidson had a return on equity of 35.49% and a net margin of 12.86%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. Harley-Davidson’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts forecast that Harley-Davidson will post $3.88 EPS for the current year.

In other Harley-Davidson news, VP Joanne M. Bischmann sold 5,037 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $60.00, for a total value of $302,220.00. Following the sale, the vice president now owns 6,771 shares of the company’s stock, valued at approximately $406,260. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lawrence G. Hund sold 28,271 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.00, for a total value of $1,696,260.00. Following the completion of the sale, the insider now directly owns 25,438 shares in the company, valued at approximately $1,526,280. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in HOG. Bronfman E.L. Rothschild L.P. boosted its stake in Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock valued at $101,000 after buying an additional 5 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock valued at $302,000 after buying an additional 20 shares during the last quarter. Concert Wealth Management Inc. boosted its stake in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $261,000 after buying an additional 28 shares during the last quarter. Boston Private Wealth LLC boosted its stake in Harley-Davidson by 0.5% in the second quarter. Boston Private Wealth LLC now owns 6,360 shares of the company’s stock valued at $288,000 after buying an additional 30 shares during the last quarter. Finally, Fulton Bank N.A. boosted its stake in Harley-Davidson by 0.6% in the third quarter. Fulton Bank N.A. now owns 9,301 shares of the company’s stock valued at $489,000 after buying an additional 52 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Company Profile

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