The stock of Harley-Davidson Inc (NYSE:HOG) hit a new 52-week high and has $64.27 target or 4.00% above today’s $61.80 share price. The 5 months bullish chart indicates low risk for the $11.10 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $64.27 price target is reached, the company will be worth $444.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.23 million shares traded hands. Harley-Davidson Inc (NYSE:HOG) has risen 26.88% since April 28, 2016 and is uptrending. It has outperformed by 20.96% the S&P500.
Analysts await Harley-Davidson Inc (NYSE:HOG) to report earnings on January, 26. They expect $0.32 earnings per share, up 45.45% or $0.10 from last year’s $0.22 per share. HOG’s profit will be $57.48M for 48.28 P/E if the $0.32 EPS becomes a reality. After $0.64 actual earnings per share reported by Harley-Davidson Inc for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.
Harley-Davidson Inc (NYSE:HOG) Ratings Coverage
Out of 20 analysts covering Harley-Davidson (NYSE:HOG), 3 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 15% are positive. Harley-Davidson has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Monday, January 11 by Raymond James. The stock of Harley-Davidson Inc (NYSE:HOG) earned “Buy” rating by Citigroup on Thursday, February 4. On Tuesday, October 20 the stock rating was maintained by Wunderlich with “Hold”. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Neutral” rating given by Sterne Agee CRT on Friday, March 11. As per Wednesday, October 21, the company rating was downgraded by BMO Capital Markets. RBC Capital Markets maintained Harley-Davidson Inc (NYSE:HOG) on Monday, January 18 with “Sector Perform” rating. As per Tuesday, November 24, the company rating was maintained by Wedbush. As per Monday, May 16, the company rating was maintained by Wedbush. The stock of Harley-Davidson Inc (NYSE:HOG) earned “Hold” rating by Zacks on Thursday, August 20.
According to Zacks Investment Research, “Harley-Davidson is an American motorcycle manufacturer. The company operates in two segments: Motorcycles and Related Products and Financial Services. The Motorcycles segment designs, manufactures and sells heavyweight touring, custom and performance motorcycles as well as a complete line of motorcycle parts, accessories and general merchandise. The Financial Services is engaged in the business of financing and servicing wholesale inventory receivables and consumer retail installment sales contracts (primarily motorcycles).”
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.06, from 0.85 in 2016Q1. The ratio dropped, as 51 funds sold all Harley-Davidson Inc shares owned while 166 reduced positions. 40 funds bought stakes while 144 increased positions. They now own 166.01 million shares or 2.69% more from 161.66 million shares in 2016Q1.
Ameriprise Fincl has invested 0.01% of its portfolio in Harley-Davidson Inc (NYSE:HOG). West Oak Ltd Liability Com last reported 600 shares in the company. Bluecrest Cap Mngmt Ltd last reported 0.02% of its portfolio in the stock. Paloma Partners Management last reported 0.02% of its portfolio in the stock. Fmr Lc has invested 0% of its portfolio in Harley-Davidson Inc (NYSE:HOG). Retirement Sys Of Alabama, a Alabama-based fund reported 92,321 shares. California Public Employees Retirement reported 553,283 shares or 0.04% of all its holdings. Jane Street Gp Limited Co holds 0% or 7,550 shares in its portfolio. New York State Teachers Retirement Systems has invested 0.04% of its portfolio in Harley-Davidson Inc (NYSE:HOG). Hennessy Advsr holds 0.06% or 46,300 shares in its portfolio. The Ontario – Canada-based Mackenzie Corporation has invested 0.03% in Harley-Davidson Inc (NYSE:HOG). Envestnet Asset Mgmt Incorporated has 13,484 shares for 0% of their US portfolio. Van Cleef Asset Managementinc accumulated 0.13% or 8,120 shares. Next Grp Inc has invested 0.01% of its portfolio in Harley-Davidson Inc (NYSE:HOG). Apriem Advsrs accumulated 200 shares or 0% of the stock.
Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 7 selling transactions for $8.62 million net activity. 100,000 shares were sold by JAMES DONALD A, worth $5.61M on Wednesday, November 2. ZEITZ JOCHEN also sold $117,859 worth of Harley-Davidson Inc (NYSE:HOG) shares. The insider Jones Paul J sold 2,517 shares worth $136,001. BISCHMANN JOANNE M had sold 5,037 shares worth $302,220 on Monday, November 14. HUND LAWRENCE G sold 12,537 shares worth $667,345. On Thursday, August 4 the insider KORNETZKE MARK R sold $87,676.
More news for Harley-Davidson Inc (NYSE:HOG) were recently published by: Fool.com, which released: “Better Buy: Polaris Industries Inc. vs. Harley-Davidson Inc.” on November 29, 2016. Forbes.com‘s article titled: “The New #4 Most Shorted S&P 500 Component: Harley-Davidson” and published on November 28, 2016 is yet another important article.
HOG Company Profile
Harley-Davidson, Inc., incorporated on March 8, 1991, is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Firm operates in two divisions: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Firm operates across the world, including the Americas, Europe/Middle East/Africa (EMEA) and Asia-Pacific.
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