Harley-Davidson (NYSE:HOG) Price Target Increased to $49.00 by Analysts at DA Davidson

Harley-Davidson (NYSE:HOG - Get Free Report) had its target price increased by research analysts at DA Davidson from $42.00 to $49.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price target suggests a potential upside of 20.69% from the stock's current price.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets lifted their price objective on Harley-Davidson from $45.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, April 3rd. Citigroup boosted their price objective on Harley-Davidson from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. Bank of America lifted their target price on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Finally, UBS Group increased their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Harley-Davidson has an average rating of "Moderate Buy" and an average price target of $46.67.

Harley-Davidson Stock Performance

Shares of NYSE HOG traded down $0.74 during mid-day trading on Thursday, hitting $40.60. The company had a trading volume of 2,543,490 shares, compared to its average volume of 1,644,481. The company has a current ratio of 1.53, a quick ratio of 1.25 and a debt-to-equity ratio of 1.53. Harley-Davidson has a 1 year low of $25.43 and a 1 year high of $44.16. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 2.82 and a beta of 1.43. The stock's 50-day moving average price is $39.23 and its 200-day moving average price is $34.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.14. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The firm had revenue of $791.65 million for the quarter, compared to analysts' expectations of $875.29 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company's revenue was down 13.8% on a year-over-year basis. On average, sell-side analysts forecast that Harley-Davidson will post 4.22 earnings per share for the current year.

Hedge Funds Weigh In On Harley-Davidson

A number of large investors have recently added to or reduced their stakes in HOG. Quadrant Capital Group LLC increased its stake in Harley-Davidson by 95.0% in the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company's stock worth $29,000 after purchasing an additional 384 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Harley-Davidson in the first quarter worth $31,000. BKM Wealth Management LLC purchased a new position in shares of Harley-Davidson in the fourth quarter worth $36,000. Principal Securities Inc. bought a new stake in Harley-Davidson during the 4th quarter valued at $38,000. Finally, Lindbrook Capital LLC boosted its position in Harley-Davidson by 66.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company's stock valued at $39,000 after buying an additional 423 shares during the period. Hedge funds and other institutional investors own 85.10% of the company's stock.

About Harley-Davidson

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.