Harley-Davidson Inc (NYSE:HOG) received a $ 49.00 target price from analysts at Jefferies Group LLC in a research note issued on Thursday. The firm presently has a “hold” rating on the stock. Jefferies Group LLC’s price target would indicate a potential downside of 19.46% from the company’s previous close.
Several other analysts also recently commented on HOG. Goldman Sachs Group Inc reaffirmed a “neutral” rating and issued a $ 57.00 price objective on shares of Harley-Davidson in a report on Monday, December 19th. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Wedbush reaffirmed a “hold” rating and issued a $ 53.00 price objective (up from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Royal Bank of Canada dropped their price objective on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 1st. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $ 53.00 price objective (up from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $ 55.65.
Shares of Harley-Davidson (NYSE:HOG) opened at 60.84 on Thursday. The firm has a 50-day moving average of $ 59.50 and a 200-day moving average of $ 57.55. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The company has a market capitalization of $ 10.62 billion, a P/E ratio of 15.89 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the consensus estimate of $ 0.31 by $ 0.04. The business earned $ 1.11 billion during the quarter, compared to analysts’ expectations of $ 972.47 million. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the company earned $ 0.22 earnings per share. Analysts forecast that Harley-Davidson will post $ 3.85 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This piece was published by [[site]] and is the sole property of of [[site]]. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at [[permalink]].
In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the completion of the transaction, the vice president now directly owns 2,195 shares in the company, valued at $ 125,115. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michelle Kumbier sold 3,049 shares of the company’s stock in a transaction 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 have sold 103,960 shares of company stock valued at $ 5,912,378 over the last 90 days. 0.99% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its position 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 in the last quarter. NN Investment Partners Holdings N.V. boosted its position 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 in the last quarter. Tower Research Capital LLC TRC boosted its position 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 in the last quarter. Cpcm LLC bought a new position in Harley-Davidson during the fourth quarter worth $ 203,000. Finally, Putnam Investments LLC bought a new position in Harley-Davidson during the fourth quarter worth $ 204,000. 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.
Get Analysts’ Upgrades and Downgrades Daily – Enter your email address below to receive a concise daily summary of analysts’ upgrades, downgrades and new coverage with MarketBeat.com’s FREE daily email newsletter.