Harley-Davidson (NYSE:HOG) Stock Rating Upgraded by Argus

Harley-Davidson (NYSE:HOG) was upgraded by equities researchers at Argus to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harley-Davidson in a report on Thursday, January 22nd. BMO Capital Markets restated an “outperform” rating and set a $24.00 target price on shares of Harley-Davidson in a research note on Wednesday, February 11th. UBS Group reduced their target price on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Loop Capital assumed coverage on Harley-Davidson in a report on Tuesday, November 25th. They issued a “hold” rating and a $21.00 price target for the company. Finally, Citigroup dropped their price target on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.50.

Harley-Davidson Price Performance

Shares of HOG stock opened at $20.60 on Tuesday. The company has a market cap of $2.43 billion, a P/E ratio of 7.89, a PEG ratio of 0.70 and a beta of 1.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.10 and a quick ratio of 1.83. The stock’s 50-day moving average is $20.66 and its 200 day moving average is $24.61. Harley-Davidson has a 1-year low of $19.33 and a 1-year high of $31.25.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of ($0.92) by ($1.52). Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The firm had revenue of $496.16 million for the quarter, compared to analysts’ expectations of $482.21 million. During the same period in the previous year, the company posted ($0.93) earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. Research analysts predict that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Institutional Trading of Harley-Davidson

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in shares of Harley-Davidson by 659.0% during the fourth quarter. Empowered Funds LLC now owns 115,288 shares of the company’s stock worth $2,362,000 after purchasing an additional 100,098 shares during the last quarter. XTX Topco Ltd acquired a new stake in Harley-Davidson during the 4th quarter worth about $3,500,000. Voloridge Investment Management LLC raised its stake in shares of Harley-Davidson by 48.9% during the 4th quarter. Voloridge Investment Management LLC now owns 1,161,724 shares of the company’s stock valued at $23,804,000 after buying an additional 381,769 shares during the last quarter. SummitTX Capital L.P. acquired a new position in shares of Harley-Davidson in the 4th quarter valued at about $3,530,000. Finally, Oxford Asset Management LLP acquired a new stake in Harley-Davidson during the fourth quarter worth about $490,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.