Harley-Davidson Inc (NYSE:HOG)‘s stock had its “neutral” rating reaffirmed by equities researchers at Goldman Sachs Group Inc in a note issued to investors on Tuesday. They currently have a $ 54.00 price target on the stock. Goldman Sachs Group Inc’s price objective would indicate a potential downside of 9.09% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Longbow Research raised shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Stifel Nicolaus reissued a “hold” rating and issued a $ 63.00 price objective (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $ 59.00 price objective (down from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $ 56.41.
Harley-Davidson (NYSE:HOG) traded down 4.28% during trading on Tuesday, hitting $ 56.86. 5,818,980 shares of the stock traded hands. The stock has a market cap of $ 9.93 billion, a P/E ratio of 14.85 and a beta of 0.88. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40. The company’s 50 day moving average price is $ 60.15 and its 200-day moving average price is $ 58.06. Harley-Davidson also saw some unusual options trading activity on Monday. Investors purchased 4,888 put options on the stock. This is an increase of 482% compared to the typical daily volume of 840 put options.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Harley-Davidson’s revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $ 1.36 EPS. Equities research analysts forecast that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
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In related news, Director Donald A. James sold 100,000 shares of the 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 sale, the director now directly owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 2,195 shares in the company, valued at $ 125,115. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. CHICAGO TRUST Co NA boosted its stake in shares of Harley-Davidson by 17.3% in the first quarter. CHICAGO TRUST Co NA now owns 42,830 shares of the company’s stock worth $ 2,591,000 after buying an additional 6,315 shares during the last quarter. Stokes & Hubbell Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter worth approximately $ 201,000. Gulf International Bank UK Ltd boosted its stake in shares of Harley-Davidson by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 56,619 shares of the company’s stock worth $ 3,425,000 after buying an additional 800 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Harley-Davidson during the first quarter worth approximately $ 255,000. Finally, Fulton Bank N.A. boosted its stake in shares of Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $ 561,000 after buying an additional 38 shares during the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
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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