Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a research report issued to clients and investors on Friday. They currently have a $ 63.00 target price on the stock, up from their previous target price of $ 58.00. Stifel Nicolaus’ price objective would indicate a potential upside of 5.53% from the stock’s current price.
HOG has been the topic of several other reports. Citigroup Inc reduced their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Morgan Stanley restated an “overweight” rating and issued a $ 59.00 price target (down from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Wedbush restated a “hold” rating and issued a $ 53.00 price target (up from $ 48.00) on shares of Harley-Davidson in a research report on Friday, January 13th. Finally, Royal Bank of Canada raised their price target on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and an average target price of $ 56.35.
Harley-Davidson (NYSE:HOG) opened at 59.70 on Friday. The company’s 50-day moving average price is $ 60.00 and its 200 day moving average price is $ 57.88. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40. The firm has a market capitalization of $ 10.42 billion, a price-to-earnings ratio of 15.59 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm earned $ 1.11 billion during the quarter, compared to analyst estimates of $ 972.47 million. During the same period last year, the business posted $ 0.22 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. Equities analysts predict that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by BBNS and is the sole property of of BBNS. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://baseballnewssource.com/markets/harley-davidson-inc-hog-earns-hold-rating-from-stifel-nicolaus/611089.html.
In other news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the sale, the director now owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,960 shares of company stock worth $ 5,912,378. Corporate insiders own 0.99% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. NN Investment Partners Holdings N.V. raised its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock worth $ 178,000 after buying an additional 1,853 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock worth $ 201,000 after buying an additional 700 shares during the period. Stokes & Hubbell Capital Management LLC purchased a new stake in shares of Harley-Davidson during the first quarter worth approximately $ 201,000. Cpcm LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 203,000. Finally, Putnam Investments LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 204,000. Institutional investors own 89.54% of the company’s stock.
Harley-Davidson Company Profile
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.
Receive News & Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related companies with our FREE daily email newsletter.