Harley-Davidson (NYSE:HOG) Rating Reiterated by Robert W. Baird

Harley-Davidson (NYSE:HOG)‘s stock had its “outperform” rating restated by Robert W. Baird in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $40.00 price target on the stock. Robert W. Baird’s price target would indicate a potential upside of 23.61% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Morgan Stanley initiated coverage on Harley-Davidson in a research report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price for the company. Bank of America raised their target price on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets reduced their target price on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. DA Davidson raised their target price on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Citigroup reduced their target price on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.57.

Harley-Davidson Trading Down 3.5 %

Shares of Harley-Davidson stock opened at $32.36 on Tuesday. The company’s fifty day simple moving average is $34.76 and its 200-day simple moving average is $36.58. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 1.09 and a beta of 1.46. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. Harley-Davidson has a 1 year low of $25.43 and a 1 year high of $44.16.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.24. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. As a group, sell-side analysts expect that Harley-Davidson will post 4.46 EPS for the current year.

Hedge Funds Weigh In On Harley-Davidson

Several institutional investors have recently added to or reduced their stakes in HOG. Norges Bank bought a new position in Harley-Davidson during the 4th quarter valued at about $51,860,000. Dimensional Fund Advisors LP raised its stake in shares of Harley-Davidson by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock worth $193,115,000 after acquiring an additional 689,363 shares during the last quarter. Boston Partners raised its stake in shares of Harley-Davidson by 10.1% in the fourth quarter. Boston Partners now owns 7,206,167 shares of the company’s stock worth $265,398,000 after acquiring an additional 659,654 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Harley-Davidson by 917.7% in the third quarter. AQR Capital Management LLC now owns 669,028 shares of the company’s stock worth $22,118,000 after acquiring an additional 603,286 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Harley-Davidson by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock worth $587,372,000 after acquiring an additional 452,536 shares during the last quarter. 85.10% of the stock is owned by institutional investors.

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.