On October 2, shares of Harley-Davidson Inc. (NYSE: HOG) fell 5% after analysts at Baird downgraded the stock from Buy to Neutral, lowering the price target to $40 from $42. The downgrade was prompted by alarming feedback from dealers regarding third-quarter trends.
Baird downgraded Harley-Davidson Inc (NYSE:HOG) to "neutral" from "buy" earlier, with the analyst in question citing lackluster retail guidance for the third quarter and an inventory surplus.
Baird analyst Craig Kennison downgraded Harley-Davidson stock to Hold from Buy, and lowered his price target to $40 from $44.
Harley-Davidson is recalling about 41,600 model year 2024 motorcycles over concerns that the wiring inside the bikes could experience a short circuit.
Harley-Davidson stock currently trades at about $38 per share, around 22% below its levels of $50 seen on May 17, 2021 (pre-inflation shock high), and appears to be undervalued. On the other hand, automotive major Ford stock is down by about 10% over the same period.
The motorcycle company is no longer consulting the Human Rights Campaign's metric for treatment of LGBTQ+ employees. Harley-Davidson also affirmed its rejection of hiring quotas, supplier diversity spend goals and "socially motivated content" included in training.
Harley-Davidson (NYSE:HOG) backtracked on its diversity programme after being targeted by conservative influencer Robby Starbuck. The famous motorbike manufacturer has faced a backlash from customers after policies (DEI) championed by chief executive Jonathan Zeitz on race theory, climate change and gender prompted calls to boycott the US icon.
Harley-Davidson released a statement on Monday renouncing DEI and other controversial company initiatives in the wake of social-media outrage and withering pressure from longtime loyal bikers.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) transformation has been a little like trading up from a scooter to a Harley-Davidson (NYSE:HOG). So, investors along for the ride should grab on tightly to those cow-horn handlebars as things are going to move a little faster from here on in.
Harley-Davidson (HOG) second-quarter earnings and sales beat estimates and grow year over year. The company cheers investors with its plans to buy back $1 billion of its stock through 2026.
Iconic motorcycle manufacturer Harley-Davidson Inc. NYSE: HOG juiced up its stock with a new $1 billion stock buyback program following its Q2 earnings report. The company reported strong top and bottom line performance, but its 2024 outlook was expectedly weak.
While the top- and bottom-line numbers for Harley-Davidson (HOG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.