Harley-Davidson (NYSE:HOG) Price Target Raised to $28.00

Harley-Davidson (NYSE:HOG - Get Free Report) had its target price boosted by equities researchers at Robert W. Baird from $26.00 to $28.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's target price points to a potential upside of 10.80% from the stock's current price.

Several other research firms also recently commented on HOG. Citigroup cut their target price on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley lowered their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America reduced their target price 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. DA Davidson reiterated a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Finally, UBS Group dropped their price objective on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $30.17.

Harley-Davidson Stock Up 2.3%

Shares of NYSE HOG traded up $0.56 during midday trading on Wednesday, reaching $25.27. The company's stock had a trading volume of 1,679,891 shares, compared to its average volume of 1,901,455. The stock has a 50 day simple moving average of $23.76 and a 200-day simple moving average of $27.60. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.38 and a beta of 1.30. Harley-Davidson has a fifty-two week low of $20.45 and a fifty-two week high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.27. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The firm had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $1.72 EPS. The business's revenue was down 23.2% compared to the same quarter last year. Equities research analysts predict that Harley-Davidson will post 3.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC grew its stake in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares during the last quarter. Covestor Ltd raised its stake in shares of Harley-Davidson by 18.8% in the fourth quarter. Covestor Ltd now owns 4,163 shares of the company's stock worth $125,000 after purchasing an additional 658 shares during the last quarter. Assetmark Inc. boosted its position in Harley-Davidson by 209.7% in the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after buying an additional 713 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Harley-Davidson by 52.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company's stock valued at $53,000 after acquiring an additional 725 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after purchasing an additional 791 shares during the period. 85.10% of the stock is currently 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.