HOG has been the topic of a number of other research reports. Citigroup Inc dropped their price objective on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a buy rating on the stock in a report on Monday, March 6th. Morgan Stanley reaffirmed an overweight rating and issued a $ 59.00 price objective (down previously from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Tigress Financial reaffirmed a buy rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush reaffirmed a hold rating and issued a $ 53.00 price objective (up previously from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Finally, Goldman Sachs Group Inc reaffirmed a neutral rating and issued a $ 55.00 price objective (down previously from $ 57.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. Harley-Davidson presently has an average rating of Hold and an average price target of $ 55.65.
Harley-Davidson (NYSE:HOG) traded down 0.51% during mid-day trading on Thursday, reaching $ 60.53. 660,975 shares of the company were exchanged. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The stock has a market capitalization of $ 10.57 billion, a P/E ratio of 15.80 and a beta of 0.88. The company’s 50 day moving average price is $ 59.50 and its 200-day moving average price is $ 57.55.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $ 0.31 by $ 0.04. The business had revenue of $ 1.11 billion for the quarter, compared to analyst estimates of $ 972.47 million. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the company posted $ 0.22 earnings per share. On average, equities analysts expect that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
In other news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the completion of the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock valued at $ 5,912,378 over the last three months. 0.99% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its stake in Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock worth $ 101,000 after buying an additional 5 shares during the period. NN Investment Partners Holdings N.V. raised its stake in 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 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. Cpcm LLC bought a new stake in Harley-Davidson during the fourth quarter worth about $ 203,000. Finally, Putnam Investments LLC bought a new stake in Harley-Davidson during the fourth quarter worth about $ 204,000. 89.54% of the stock is owned by institutional investors and hedge funds.
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.
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