The stock of Harley-Davidson Inc (NYSE:HOG) hit a new 52-week high and has $73.57 target or 28.00% above today’s $57.48 share price. The 9 months bullish chart indicates low risk for the $10.38 billion company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $73.57 price target is reached, the company will be worth $2.91B 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 2.15 million shares traded hands. Harley-Davidson Inc (NYSE:HOG) has risen 13.92% since March 29, 2016 and is uptrending. It has outperformed by 10.44% the S&P500.
Harley-Davidson Inc (NYSE:HOG) Ratings Coverage
Out of 19 analysts covering Harley-Davidson (NYSE:HOG), 3 rate it a “Buy”, 3 “Sell”, while 13 “Hold”. This means 16% are positive. Harley-Davidson has been the topic of 43 analyst reports since July 22, 2015 according to StockzIntelligence Inc. UBS maintained the stock with “Buy” rating in Friday, September 4 report. The firm earned “Hold” rating on Wednesday, October 19 by Stifel Nicolaus. Stifel Nicolaus downgraded Harley-Davidson Inc (NYSE:HOG) on Friday, July 15 to “Hold” rating. The stock of Harley-Davidson Inc (NYSE:HOG) has “Market Perform” rating given on Friday, July 29 by Wells Fargo. Citigroup maintained the shares of HOG in a report on Thursday, February 4 with “Buy” rating. Barclays Capital maintained Harley-Davidson Inc (NYSE:HOG) on Monday, November 23 with “Equal-Weight” rating. The rating was maintained by RBC Capital Markets on Monday, January 18 with “Sector Perform”. Wedbush maintained the stock with “Hold” rating in Tuesday, November 24 report. The stock of Harley-Davidson Inc (NYSE:HOG) earned “Neutral” rating by Wedbush on Monday, May 16. On Monday, October 12 the stock rating was downgraded by Longbow to “Neutral”.
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 increased to 0.85 in Q2 2016. Its up 0.06, from 0.79 in 2016Q1. The ratio increased, 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.
Franklin Resource has 0.02% invested in the company for 932,296 shares. Artisan Prtn Limited Partnership accumulated 0.23% or 2.34M shares. Mai Capital Management owns 19,095 shares or 0.07% of their US portfolio. Meeder Asset Mgmt owns 227 shares or 0% of their US portfolio. Eagle Ridge Invest Mgmt last reported 0.99% of its portfolio in the stock. Hudock Capital Gru Ltd Llc accumulated 0.01% or 317 shares. Schwab Charles Inc holds 758,627 shares or 0.04% of its portfolio. Moreover, Eaton Vance Mngmt has 0% invested in Harley-Davidson Inc (NYSE:HOG) for 12,998 shares. Nordea Inv has 0% invested in the company for 8,195 shares. Douglass Winthrop Advsr Ltd Liability has 0.05% invested in the company for 12,565 shares. Van Cleef Asset Managementinc accumulated 8,120 shares or 0.13% of the stock. Jpmorgan Chase And Comm holds 0% or 116,240 shares in its portfolio. Com Fincl Bank owns 11,798 shares or 0.01% of their US portfolio. Endurance Wealth Management has invested 0% of its portfolio in Harley-Davidson Inc (NYSE:HOG). Valley Natl Advisers, a Pennsylvania-based fund reported 432 shares.
Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 5 insider sales for $2.24 million net activity. Another trade for 26,667 shares valued at $1.23M was made by Kumbier Michelle on Tuesday, May 10. 2,517 Harley-Davidson Inc (NYSE:HOG) shares with value of $136,001 were sold by Jones Paul J. The insider ZEITZ JOCHEN sold $117,859. KORNETZKE MARK R also sold $87,676 worth of Harley-Davidson Inc (NYSE:HOG) on Thursday, August 4. 12,537 shares were sold by HUND LAWRENCE G, worth $667,345.
More recent Harley-Davidson Inc (NYSE:HOG) news were published by: Fool.com which released: “Why Harley-Davidson Inc Shares Popped 10% Today” on October 18, 2016. Also Forbes.com published the news titled: “Harley-Davidson Reaches Analyst Target Price” on October 06, 2016. Reuters.com‘s news article titled: “Harley-Davidson eyes Asian riders to rev up growth” with publication date: October 13, 2016 was also an interesting one.
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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