Harley-Davidson Inc (NYSE:HOG) had its price target upped by Royal Bank of Canada from $ 58.00 to $ 60.00 in a report published on Wednesday. The firm currently has a sector perform rating on the stock.
Several other equities analysts have also recently commented on the stock. Wedbush raised their target price on shares of Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a neutral rating in a research note on Monday. 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. Citigroup Inc lowered their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a buy rating on the stock in a research note on Monday, March 6th. Finally, Argus reissued a hold rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company. Harley-Davidson has a consensus rating of Hold and an average target price of $ 55.65.
Harley-Davidson (NYSE:HOG) traded up 1.37% during mid-day trading on Wednesday, hitting $ 60.84. The company had a trading volume of 576,608 shares. The firm has a market capitalization of $ 10.62 billion, a PE ratio of 15.89 and a beta of 0.88. The company has a 50 day moving average of $ 59.40 and a 200 day moving average of $ 57.52. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. The company had revenue of $ 1.11 billion for the quarter, compared to analyst estimates of $ 972.47 million. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $ 0.22 EPS. Analysts predict that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
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In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, February 7th. The shares were 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 directly owns 2,195 shares in the company, valued at $ 125,115. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the sale, the director now owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock valued at $ 5,912,378 over the last quarter. Corporate insiders own 0.99% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. boosted its stake in Harley-Davidson by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,097 shares of the company’s stock worth $ 9,202,000 after buying an additional 4,305 shares during the period. F&V Capital Management LLC boosted its stake in Harley-Davidson by 6.5% in the first quarter. F&V Capital Management LLC now owns 93,140 shares of the company’s stock worth $ 5,635,000 after buying an additional 5,700 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Harley-Davidson during the fourth quarter worth about $ 334,000. Kentucky Retirement Systems acquired a new stake in Harley-Davidson during the fourth quarter worth about $ 748,000. Finally, 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 during the period. Hedge funds and other institutional investors 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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