Harley-Davidson (NYSE:HOG) Downgraded to Hold at Goldman Sachs Group

Harley-Davidson (NYSE:HOG) was downgraded by research analysts at Goldman Sachs Group to a “hold” rating in a report released on Wednesday, January 3rd. They currently have a $43.00 price objective on the stock. Goldman Sachs Group’s price target suggests a potential downside of 20.97% from the stock’s previous close.

HOG has been the subject of a number of other research reports. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Tuesday, January 2nd. Longbow Research downgraded shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $48.00 price objective (down previously from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. Argus raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, October 20th. Finally, Wedbush reaffirmed a “neutral” rating and set a $45.00 price target on shares of Harley-Davidson in a research note on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and an average target price of $52.82.

Harley-Davidson (NYSE HOG) opened at $54.41 on Wednesday. Harley-Davidson has a 52 week low of $44.52 and a 52 week high of $63.40. The company has a market cap of $9,025.67, a PE ratio of 16.76, a P/E/G ratio of 1.71 and a beta of 0.96. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48.

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, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The firm had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was down 11.9% compared to the same quarter last year. equities analysts forecast that Harley-Davidson will post 3.43 earnings per share for the current year.

In other Harley-Davidson news, CEO Matthew S. Levatich sold 19,447 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the transaction, the chief executive officer now owns 88,646 shares of the company’s stock, valued at approximately $4,286,920.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jochen Zeitz sold 1,859 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total transaction of $88,860.20. The disclosure for this sale can be found here. Insiders sold 58,726 shares of company stock valued at $2,816,641 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Harley-Davidson by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock valued at $384,000 after buying an additional 66 shares during the last quarter. Norinchukin Bank The raised its holdings in Harley-Davidson by 0.3% during the 2nd quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock valued at $2,156,000 after buying an additional 127 shares during the last quarter. Veritable L.P. raised its holdings in Harley-Davidson by 1.0% during the 2nd quarter. Veritable L.P. now owns 13,842 shares of the company’s stock valued at $748,000 after buying an additional 138 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Harley-Davidson by 0.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 95,625 shares of the company’s stock worth $5,165,000 after purchasing an additional 280 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Harley-Davidson by 4.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,426 shares of the company’s stock worth $779,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 97.18% of the company’s stock.

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Harley-Davidson Company Profile

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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