DA Davidson Lowers Harley-Davidson (NYSE:HOG) Price Target to $31.00

Harley-Davidson (NYSE:HOG) had its price objective reduced by equities research analysts at DA Davidson from $39.00 to $31.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 17.30% from the stock’s previous close.

Several other analysts also recently weighed in on HOG. Robert W. Baird dropped their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, December 31st. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley downgraded shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $40.00 to $33.00 in a research note on Tuesday, January 21st. Citigroup dropped their price target on shares of Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America dropped their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.14.

Harley-Davidson Stock Down 1.5 %

Harley-Davidson stock opened at $26.43 on Tuesday. Harley-Davidson has a fifty-two week low of $25.25 and a fifty-two week high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The firm has a 50 day moving average price of $30.18 and a 200 day moving average price of $33.64. The company has a market capitalization of $3.37 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.33 and a beta of 1.46.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 11.31% and a return on equity of 17.79%. During the same quarter last year, the company posted $0.18 earnings per share. Research analysts expect that Harley-Davidson will post 3.62 earnings per share for the current year.

Institutional Investors Weigh In On Harley-Davidson

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after acquiring an additional 1,285,225 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock valued at $44,295,000 after buying an additional 157,939 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Harley-Davidson by 5.0% in the third quarter. Raymond James & Associates now owns 647,000 shares of the company’s stock valued at $24,929,000 after buying an additional 30,725 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Harley-Davidson by 38.6% in the third quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock valued at $20,555,000 after buying an additional 148,537 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after buying an additional 334,830 shares during 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.