A Moving Target
Analysts have upped the ante on Harley-Davidson (XTRA:HAR), raising the one-year price target to 41.11 per share, marking a significant 9.71% surge from the previous estimate back in January 18, 2024. This spurt reflects a renewed confidence in the company’s trajectory and potential for growth.
Analysts’ Averages
The latest price targets provided by analysts have set a spectrum from 33.89 to 48.93 per share. The mean target of 41.11 per share represents an impressive 17.73% climb from the recent closing price of 34.92 per share. This optimistic outlook is a promising sign for investors eyeing Harley-Davidson as a lucrative opportunity.
Fund Sentiment Unveiled
As per reports, 826 funds or institutions hold positions in Harley-Davidson. This figure has remained steady over the past quarter, indicating a consistent interest in the company’s shares. The average portfolio weight dedicated to HAR by all funds stands at 0.19%, reflecting a slight 11.09% dip. There has been an overall increase in total shares owned by institutions, rising by 1.93% over the last three months to 131,355K shares.
Checking on Shareholders
Examining major shareholders, H Partners Management dominates with 11,800K shares, equating to 8.47% ownership, showing no movement during the last quarter. Meanwhile, Beutel, Goodman & Co holds 7,626K shares, representing 5.48% ownership. The firm has seen a slight decrease of 0.43% in its holdings, signaling a cautious approach. On the other hand, Boston Partners now has 7,206K shares, owning 5.17% of the company. Notably, the firm has increased its portfolio allocation by a substantial 17.40% in the last quarter, indicating a bullish stance on Harley-Davidson’s future potential.
Jupiter Asset Management holds 6,631K shares, equivalent to a 4.76% stake in the company. Impressively, the firm has increased its portfolio allocation by a notable 23.57% over the last quarter. The data reveals a growing confidence in the market regarding Harley-Davidson’s future prospects.
Lastly, Lsv Asset Management possesses 4,830K shares, representing 3.47% ownership in the company. The firm experienced a slight decrease of 0.34% in its ownership while marginally increasing its portfolio allocation by 4.18% over the last quarter, showcasing a steady yet cautious approach toward Harley-Davidson’s stock.
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The author’s opinions expressed here are their own and do not necessarily align with those of Nasdaq, Inc.
