Harley-Davidson Inc (HOG) Earns “Hold” Rating from Stifel Nicolaus

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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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.

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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.

5 Day Chart for NYSE:HOG

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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