Harley-Davidson Inc (HOG) Price Target Raised to $55.00 at Wedbush

Harley-Davidson Inc (NYSE:HOG) had its price objective raised by research analysts at Wedbush from $ 53.00 to $ 55.00 in a research report issued to clients and investors on Monday, April 3rd. The firm currently has a “neutral” rating on the stock. Wedbush’s target price indicates a potential downside of 1.01% from the stock’s previous close.

A number of other brokerages have also commented on HOG. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Zacks Investment Research downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 6th. Goldman Sachs Group Inc restated a “neutral” rating and set a $ 57.00 price objective on shares of Harley-Davidson in a research report on Monday, December 19th. Finally, Citigroup Inc dropped their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $ 56.12.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

Harley-Davidson (NYSE:HOG) traded down 0.98% during midday trading on Monday, reaching $ 55.56. 1,961,513 shares of the company’s stock traded hands. The stock has a market capitalization of $ 9.78 billion, a price-to-earnings ratio of 15.84 and a beta of 0.88. The company’s 50-day moving average price is $ 59.63 and its 200 day moving average price is $ 58.55. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the prior year, the firm posted $ 1.36 EPS. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities research analysts expect that Harley-Davidson will post $ 3.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.63%. Harley-Davidson’s dividend payout ratio is presently 38.22%.

COPYRIGHT VIOLATION WARNING: This report was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://sportsperspectives.com/2017/05/03/wedbush-boosts-harley-davidson-inc-hog-price-target-to-55-00-updated-updated.html.

In related news, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction 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 sale, the vice president now owns 2,195 shares in the company, valued at $ 125,115. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock worth $ 5,912,378 in the last 90 days. Corporate insiders own 0.99% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock worth $ 101,000 after buying an additional 5 shares during the period. Sandy Spring Bank raised its stake in shares of Harley-Davidson by 84.4% in the third quarter. Sandy Spring Bank now owns 1,956 shares of the company’s stock worth $ 103,000 after buying an additional 895 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock worth $ 178,000 after buying an additional 1,853 shares during the period. Stokes & Hubbell Capital Management LLC purchased a new stake in Harley-Davidson during the first quarter worth about $ 201,000. Finally, Cpcm LLC purchased a new stake in Harley-Davidson during the fourth quarter worth about $ 203,000. 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.

5 Day Chart for NYSE:HOG

Receive News & Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Let’s block ads! (Why?)

Google Alert – harley davidson news

Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Leave a Reply

Your email address will not be published. Required fields are marked *