Harley-Davidson Inc (NYSE:HOG) had its price objective hoisted by research analysts at Royal Bank of Canada from $ 58.00 to $ 60.00 in a research note issued to investors on Wednesday. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 7.51% from the company’s current price.
Several other equities analysts have also commented on the company. Wedbush raised their price target on Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Citigroup Inc cut their price target on 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 restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) opened at 55.81 on Wednesday. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The company has a market cap of $ 9.82 billion, a P/E ratio of 15.91 and a beta of 0.88. The stock’s 50 day moving average is $ 60.01 and its 200-day moving average is $ 58.10.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business earned $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period last year, the company earned $ 1.36 earnings per share. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. Equities research analysts forecast that Harley-Davidson will post $ 3.77 earnings per share for the current year.
In other news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the sale, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. 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 90 days. Company insiders own 0.99% of the company’s stock.
Several hedge funds have recently bought and sold shares of HOG. Dodge & Cox acquired a new stake in Harley-Davidson during the fourth quarter worth approximately $ 517,798,000. Norges Bank acquired a new stake in Harley-Davidson during the fourth quarter worth approximately $ 115,866,000. Schroder Investment Management Group boosted its stake in Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock worth $ 70,408,000 after buying an additional 1,111,788 shares during the period. FMR LLC boosted its stake in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock worth $ 22,373,000 after buying an additional 368,800 shares during the period. Institutional investors and hedge funds own 89.54% of the company’s stock.
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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