Barclays PLC reiterated their equal weight rating on shares of Harley-Davidson Inc (NYSE:HOG) in a report published on Friday morning. They currently have a $ 52.00 target price on the stock, down from their prior target price of $ 53.00.
Several other brokerages have also issued reports on HOG. Citigroup Inc cut their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a buy rating on the stock in a research note on Monday, March 6th. Argus reissued a hold rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada increased their target price on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a sector perform rating in a research note on Wednesday, April 5th. Deutsche Bank AG reissued a hold rating and set a $ 50.00 target price (down from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Stifel Nicolaus reissued a hold rating and set a $ 63.00 target price (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded up 0.03% during midday trading on Friday, reaching $ 57.90. 788,219 shares of the company’s stock traded hands. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40. The company has a 50 day moving average of $ 59.93 and a 200 day moving average of $ 58.30. The firm has a market cap of $ 10.19 billion, a PE ratio of 16.51 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Harley-Davidson’s revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $ 1.36 earnings per share. On average, equities analysts predict that Harley-Davidson will post $ 3.77 EPS for the current fiscal year.
In other Harley-Davidson news, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the transaction, the vice president now owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock valued at $ 5,912,378 in the last quarter. Company insiders own 0.99% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Dodge & Cox acquired a new position in shares of Harley-Davidson during the fourth quarter worth $ 517,798,000. Norges Bank acquired a new position in shares of Harley-Davidson during the fourth quarter worth $ 115,866,000. FMR LLC raised its position in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock worth $ 22,373,000 after buying an additional 368,800 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Harley-Davidson by 1,593.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 302,854 shares of the company’s stock worth $ 17,664,000 after buying an additional 284,971 shares in the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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