Harley-Davidson Inc (NYSE:HOG)‘s stock had its “buy” rating reissued by equities researchers at Tigress Financial in a research note issued to investors on Friday.
Other equities analysts have also recently issued reports about the company. Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Barclays PLC restated an “underweight” rating and set a $ 53.00 price objective (up from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Finally, Royal Bank of Canada dropped their price objective on Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 1st. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and a consensus price target of $ 55.65.
Shares of Harley-Davidson (NYSE:HOG) opened at 60.02 on Friday. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The stock’s 50 day moving average is $ 59.40 and its 200 day moving average is $ 57.52. The firm has a market cap of $ 10.48 billion, a PE ratio of 15.67 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 0.31 by $ 0.04. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm earned $ 1.11 billion during the quarter, compared to the consensus estimate of $ 972.47 million. During the same quarter in the prior year, the business earned $ 0.22 earnings per share. Harley-Davidson’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts forecast that Harley-Davidson will post $ 3.85 EPS for the current fiscal year.
In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction dated Tuesday, February 7th. The stock was 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 owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock valued at $ 5,912,378 in the last ninety days. Insiders own 0.99% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Dodge & Cox acquired a new stake in shares of Harley-Davidson during the fourth quarter worth about $ 517,798,000. Norges Bank acquired a new stake in shares of Harley-Davidson during the fourth quarter worth about $ 115,866,000. Schroder Investment Management Group increased its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock worth $ 70,408,000 after buying an additional 1,111,788 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Harley-Davidson by 7,447.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 466,887 shares of the company’s stock worth $ 24,553,000 after buying an additional 460,701 shares during the period. Finally, FMR LLC increased its stake in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares during the period. Hedge funds and other 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.
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