Harley-Davidson Inc (NYSE:HOG) had its price target raised by analysts at Wedbush from $ 53.00 to $ 55.00 in a note issued to investors on Monday. The firm presently has a “neutral” rating on the stock. Wedbush’s price target indicates a potential downside of 9.09% from the company’s previous close.
Several other analysts also recently weighed in on the company. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Longbow Research raised Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Citigroup Inc reduced their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $ 59.00 price objective (down from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $ 55.53.
Shares of Harley-Davidson (NYSE:HOG) opened at 60.50 on Monday. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a market capitalization of $ 10.56 billion, a price-to-earnings ratio of 15.80 and a beta of 0.88. The firm has a 50-day moving average price of $ 58.54 and a 200 day moving average price of $ 56.96.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm earned $ 1.11 billion during the quarter, compared to analysts’ expectations of $ 972.47 million. During the same period in the previous year, the firm posted $ 0.22 earnings per share. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. Equities analysts forecast that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
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In related news, SVP Michelle Kumbier sold 3,049 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Joanne M. Bischmann sold 911 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was 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 owns 2,195 shares in the company, valued at approximately $ 125,115. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock worth $ 5,912,378 in the last quarter. 0.99% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in HOG. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Harley-Davidson during the fourth quarter worth $ 334,000. Kentucky Retirement Systems purchased a new stake in Harley-Davidson during the fourth quarter worth $ 748,000. Teachers Advisors LLC boosted its stake in Harley-Davidson by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 268,645 shares of the company’s stock worth $ 15,673,000 after buying an additional 13,353 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new stake in Harley-Davidson during the fourth quarter worth $ 2,958,000. Finally, Dodge & Cox purchased a new stake in Harley-Davidson during the fourth quarter worth $ 517,798,000. Institutional investors and hedge funds own 89.54% of the company’s stock.
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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