Today, Harley-Davidson’s (HOG) Overweight Rating Reaffirm at Morgan Stanley

Today, Harley-Davidson’s (HOG) Overweight Rating Reaffirm at Morgan Stanley

Morgan Stanley restated their overweight rating on shares of Harley-Davidson Inc. (NYSE:HOG) in a research report sent to investors on Monday morning. The firm currently has a $61.00 target price on the stock, up from their previous target price of $54.00.

Several other analysts have also recently weighed in on HOG. Vetr raised shares of Harley-Davidson from a sell rating to a hold rating and set a $53.25 price objective on the stock in a research note on Tuesday, August 23rd. Argus reissued a hold rating on shares of Harley-Davidson in a research note on Monday, August 1st. Goldman Sachs Group Inc. reissued a neutral rating and issued a $47.00 price objective on shares of Harley-Davidson in a research note on Wednesday, August 3rd. RBC Capital Markets raised shares of Harley-Davidson from an underperform rating to a sector perform rating and boosted their price objective for the stock from $46.00 to $57.00 in a research note on Tuesday, November 15th. Finally, BMO Capital Markets reissued an outperform rating and issued a $66.00 price objective on shares of Harley-Davidson in a research note on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $53.22.

Harley-Davidson (NYSE:HOG) opened at 59.81 on Monday. The company has a market cap of $10.67 billion, a PE ratio of 16.01 and a beta of 0.96. The firm’s 50-day moving average price is $56.14 and its 200-day moving average price is $51.13. Harley-Davidson has a 12-month low of $36.36 and a 12-month high of $61.35.

Harley-Davidson (NYSE:HOG) last posted 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. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Harley-Davidson had a net margin of 12.86% and a return on equity of 35.49%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Equities research analysts forecast that Harley-Davidson will post $3.88 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its position 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 worth $101,000 after buying an additional 5 shares in the last quarter. Sandy Spring Bank increased its position in Harley-Davidson by 84.4% in the third quarter. Sandy Spring Bank now owns 1,956 shares of the company’s stock worth $103,000 after buying an additional 895 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its position in Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock worth $113,000 after buying an additional 929 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock worth $141,000 after buying an additional 2,417 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock worth $164,000 after buying an additional 247 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Company Profile

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