Harley-Davidson Inc (NYSE:HOG) had its target price lowered by Sanford C. Bernstein from $ 68.00 to $ 62.00 in a research report sent to investors on Friday morning. The firm currently has an outperform rating on the stock.
Several other brokerages have also recently issued reports on HOG. Tigress Financial restated a buy rating on shares of Harley-Davidson in a report on Friday, March 17th. DA Davidson upgraded Harley-Davidson from an underperform rating to a market perform rating in a report on Wednesday, April 12th. Raymond James Financial, Inc. upgraded Harley-Davidson from an underperform rating to a market perform rating in a report on Wednesday, April 12th. Royal Bank of Canada upped their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a sector perform rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC restated a hold rating and issued a $ 49.00 target price on shares of Harley-Davidson in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $ 56.12.
Harley-Davidson (NYSE:HOG) traded up 0.03% on Friday, hitting $ 57.90. The stock had a trading volume of 788,219 shares. The company has a market cap of $ 10.19 billion, a PE ratio of 16.51 and a beta of 0.88. The company has a 50-day moving average of $ 59.93 and a 200 day moving average of $ 58.30. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The company earned $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $ 1.36 EPS. On average, analysts predict that Harley-Davidson will post $ 3.77 EPS for the current fiscal year.
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In other Harley-Davidson news, SVP Michelle Kumbier sold 3,049 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following 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. In the last three months, insiders have 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 HOG. KAMES CAPITAL plc bought a new stake in shares of Harley-Davidson during the first quarter valued at $ 828,000. Leavell Investment Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $ 335,000 after buying an additional 34 shares during the period. Shell Asset Management Co. increased its stake in shares of Harley-Davidson by 44.3% in the first quarter. Shell Asset Management Co. now owns 181,493 shares of the company’s stock valued at $ 10,980,000 after buying an additional 55,734 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Harley-Davidson by 147.1% in the first quarter. Janney Montgomery Scott LLC now owns 9,355 shares of the company’s stock valued at $ 566,000 after buying an additional 5,569 shares during the period. Finally, Glen Harbor Capital Management LLC increased its stake in shares of Harley-Davidson by 166.0% in the first quarter. Glen Harbor Capital Management LLC now owns 29,920 shares of the company’s stock valued at $ 1,810,000 after buying an additional 18,672 shares during the period. 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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