Tigress Financial Reiterates Buy Rating On Harley-Davidson Inc

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Tigress Financial Partners reiterated its Buy rating on Harley-Davidson Inc. HOG in a report issued Wednesday.

 

The report saw the September sell-off as a buying opportunity.

 

Analyst Ivan Feinseth believed that the Harley-Davidson’s "iconic brand equity, strong customer demand, new models, over 50 percent market share and increasing Return on Capital will continue to drive increasing shareholder value."

 

Feinseth noted that the company "introduced a number of higher end bikes: Road Glide, Road Glide Special and Freewheele Trike. Recently introduced entry level models, the Street 750 and Street 500 have had a slow start but we are optimistic about these bikes as we see this as an opportunity to attract...first time...buyers"

 

The report also mentioned the company’s Q1 2014 dividend increase and share repurchases in 2013 and 2014 as additional means to return cash to shareholders. 26.6 million shares currently remain authorized for re-purchase.

 

Harley Davidson Inc. recently traded at $57.30, down 0.93 percent.

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Posted In: ReiterationAnalyst RatingsIvan FeinsethTigress Financial Partners
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