A share price of Harley-Davidson Inc. [HOG] is currently trading at $51.72, up 10.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HOG shares have gain 17.33% over the last week, with a monthly amount glided 25.78%, and seem to be holding up well over a long-time horizon.
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On 2, February 2023, /C O R R E C T I O N — Harley-Davidson, Inc./. In a post published today on Yahoo Finance, In the news release, Harley-Davidson Delivers Strong Fourth Quarter Financial Results Successfully Completing Second Year of Hardwire Strategic Plan, issued 02-Feb-2023 by Harley-Davidson, Inc. over PR Newswire, the financial tables at the end of the release were inadvertently omitted by PR Newswire. The complete, corrected release follows:.
From an analyst’s perspective:
Harley-Davidson Inc. [NYSE: HOG] stock has seen the most recent analyst activity on November 15, 2022, when Jefferies initiated its Underperform rating and assigned the stock a price target of $39. Previously, Citigroup started tracking the stock with Neutral rating on October 24, 2022, and set its price target to $40. On October 14, 2022, DA Davidson reiterated its Neutral rating and revised its price target to $37 on the stock. BofA Securities reiterated its Buy rating and decreased its price target to $60 on July 20, 2022. DA Davidson initiated its recommendation with a Neutral and recommended $35 as its price target on July 01, 2022. Morgan Stanley upgraded its rating to Equal-Weight for this stock on February 01, 2022, and upped its price target to $40. In a note dated July 27, 2021, Edward Jones downgraded an Sell rating on this stock.
Harley-Davidson Inc. experienced fluctuations in its stock price throughout the past year between $29.80 and $48.72. Currently, Wall Street analysts expect the stock to reach $49.22 within the next 12 months. Harley-Davidson Inc. [NYSE: HOG] shares were valued at $51.72 at the most recent close of the market. An investor can expect a potential drop of -4.83% based on the average HOG price forecast.
Analyzing the HOG fundamentals
During the last quarter, Harley-Davidson Inc. [NYSE:HOG] saw sales of 1.65 billion, an improvement of 20.80%. Gross Margin for this corporation currently stands at +32.73% with Operating Margin at +17.94%, Pretax Margin comes in at +15.35%, and Net Margin reading is +12.18%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.28 points at the first support level, and at 48.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.47, and for the 2nd resistance point, it is at 53.21.
Harley-Davidson Inc. [HOG] reported earnings per share of $1.78 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.4/share, meaning a difference of $0.38 and a surprise factor of 27.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.46 per share as compared to estimates of $1.07 per share, a difference of $0.39 representing a surprise of 36.40%.
Ratios To Look Out For
A current ratio of 1.40 is a noteworthy aspect of Harley-Davidson Inc. [NYSE:HOG]. Further, the Quick Ratio stands at 1.15, while the Cash Ratio is 0.60. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 2.27 and the P/E (TTM) ratio is 10.73.
Transactions by insiders
Insider trading, which has resulted in 1 insider purchases of 914 shares and 1 insider sales of 430 shares in the past three months, is now the topic of our analysis. Recent insider trading involved ZEITZ JOCHEN, President and CEO, that happened on Sep 02 when 25750.0 shares were purchased. Director, Masood Rafeh completed a deal on Aug 09 to buy 1335.0 shares. Meanwhile, Chief Accounting Officer KORNETZKE MARK R sold 2868.0 shares on Mar 02.