Stifel Nicolaus Increases Harley-Davidson, Inc. (HOG) Price Target to $49.00

Harley-Davidson, Inc. (NYSE:HOG) had its target price raised by analysts at Stifel Nicolaus from $48.00 to $49.00 in a report issued on Wednesday. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 1.89% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, July 21st. BMO Capital Markets reissued a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a report on Friday, September 8th. Finally, Zacks Investment Research raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.50.

Shares of Harley-Davidson (NYSE:HOG) traded up 2.93% during mid-day trading on Wednesday, hitting $49.50. 2,882,549 shares of the company traded hands. The firm has a 50-day moving average price of $47.68 and a 200 day moving average price of $51.67. Harley-Davidson has a 52-week low of $45.53 and a 52-week high of $63.40. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 14.49 and a beta of 0.87.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. Harley-Davidson’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities research analysts anticipate that Harley-Davidson will post $3.43 EPS for the current fiscal year.

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In other news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Geneva Advisors LLC lifted its position in shares of Harley-Davidson by 5.4% in the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after purchasing an additional 200 shares in the last quarter. Northside Capital Management LLC purchased a new stake in shares of Harley-Davidson in the first quarter worth approximately $218,000. Wedbush Securities Inc. lifted its position in shares of Harley-Davidson by 20.7% in the second quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock worth $220,000 after purchasing an additional 700 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after purchasing an additional 102 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in shares of Harley-Davidson by 1.7% in the second quarter. Contravisory

Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, July 21st. BMO Capital Markets reissued a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a report on Friday, September 8th. Finally, Zacks Investment Research raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.50.

Shares of Harley-Davidson (NYSE:HOG) traded up 2.93% during mid-day trading on Wednesday, hitting $49.50. 2,882,549 shares of the company traded hands. The firm has a 50-day moving average price of $47.68 and a 200 day moving average price of $51.67. Harley-Davidson has a 52-week low of $45.53 and a 52-week high of $63.40. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 14.49 and a beta of 0.87.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. Harley-Davidson’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities research analysts anticipate that Harley-Davidson will post $3.43 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/stifel-nicolaus-increases-harley-davidson-inc-hog-price-target-to-49-00.html.

In other news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Geneva Advisors LLC lifted its position in shares of Harley-Davidson by 5.4% in the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after purchasing an additional 200 shares in the last quarter. Northside Capital Management LLC purchased a new stake in shares of Harley-Davidson in the first quarter worth approximately $218,000. Wedbush Securities Inc. lifted its position in shares of Harley-Davidson by 20.7% in the second quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock worth $220,000 after purchasing an additional 700 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after purchasing an additional 102 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its position in shares of Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock worth $232,000 after purchasing an additional 72 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

About Harley-Davidson

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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