ValuEngine Lowers Harley-Davidson (NYSE:HOG) to Sell

Harley-Davidson (NYSE:HOG) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

A number of other equities analysts also recently issued reports on HOG. Morgan Stanley cut their price target on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. KeyCorp reiterated a “hold” rating on shares of Harley-Davidson in a research note on Friday, July 19th. DA Davidson restated a “sell” rating on shares of Harley-Davidson in a research note on Friday, July 26th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, September 27th. Finally, Wedbush cut their target price on Harley-Davidson from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and an average target price of $39.80.

HOG stock traded up $0.51 during mid-day trading on Monday, reaching $37.08. 2,455,881 shares of the company traded hands, compared to its average volume of 1,992,640. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 1.32 and a beta of 1.21. The company has a quick ratio of 1.03, a current ratio of 1.15 and a debt-to-equity ratio of 2.45. Harley-Davidson has a fifty-two week low of $30.17 and a fifty-two week high of $43.69. The firm’s 50 day moving average price is $34.87 and its 200 day moving average price is $35.35.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. On average, analysts anticipate that Harley-Davidson will post 3.48 EPS for the current fiscal year.

In related news, CFO John A. Olin sold 30,000 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $35.96, for a total value of $1,078,800.00. Following the sale, the chief financial officer now owns 88,500 shares of the company’s stock, valued at approximately $3,182,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul J. Jones sold 11,884 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $35.15, for a total transaction of $417,722.60. Following the completion of the sale, the vice president now directly owns 9,575 shares in the company, valued at approximately $336,561.25. The disclosure for this sale can be found here. Insiders sold a total of 45,510 shares of company stock worth $1,626,297 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. bought a new stake in shares of Harley-Davidson in the 2nd quarter worth approximately $25,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Harley-Davidson in the 2nd quarter worth approximately $25,000. G&S Capital LLC bought a new stake in shares of Harley-Davidson in the 2nd quarter worth approximately $26,000. Flagship Harbor Advisors LLC raised its holdings in shares of Harley-Davidson by 73.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after purchasing an additional 341 shares during the period. Finally, Coastal Capital Group Inc. bought a new stake in shares of Harley-Davidson in the 2nd quarter worth approximately $32,000. 93.52% of the stock is currently owned by institutional investors.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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