Harley-Davidson Inc (HOG) Given a $49.00 Price Target by Jefferies Group LLC Analysts

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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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.

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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.

About Harley-Davidson

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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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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