Investment firm H Partners, owning approximately 9% of shares in Harley-Davidson (HOG, Financial), is strategizing to overhaul the company's leadership. The firm has expressed its intention to replace three board members and is advocating for a change in the CEO position following a decline in sales and a drop in stock value.
The company's CEO, Jochen Zeitz, along with board directors Thomas Linebarger and Sara Levinson, are the primary targets of H Partners' campaign. The firm aims to employ a withhold-the-vote tactic at the upcoming annual meeting on May 14. This move is part of H Partners’ broader strategy to incite a leadership transformation amid current business struggles.
This development highlights shareholder dissatisfaction with the current management, as Harley-Davidson navigates through challenging market conditions affecting its financial performance and stock price.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Harley-Davidson Inc (HOG, Financial) is $30.25 with a high estimate of $35.00 and a low estimate of $26.00. The average target implies an upside of 39.98% from the current price of $21.61. More detailed estimate data can be found on the Harley-Davidson Inc (HOG) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Harley-Davidson Inc's (HOG, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Harley-Davidson Inc (HOG, Financial) in one year is $28.94, suggesting a upside of 33.92% from the current price of $21.61. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Harley-Davidson Inc (HOG) Summary page.
