Harley-Davidson Inc (NYSE:HOG) was upgraded by stock analysts at DA Davidson from an “underperform” rating to a “market perform” rating in a note issued to investors on Wednesday.
Several other equities analysts have also recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $ 49.00 price objective on shares of Harley-Davidson in a report on Thursday, April 6th. Royal Bank of Canada lifted their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a report on Wednesday, April 5th. Wedbush lifted their price objective on Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Finally, Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) opened at 57.88 on Wednesday. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm has a market cap of $ 10.19 billion, a PE ratio of 16.50 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 (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating the Thomson Reuters’ 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 had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the business posted $ 1.36 EPS. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Harley-Davidson will post $ 3.77 EPS for the current fiscal year.
In related news, VP Joanne M. Bischmann sold 911 shares of the business’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 transaction of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. 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 over the last three months. 0.99% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dodge & Cox acquired a new position in Harley-Davidson during the fourth quarter worth $ 517,798,000. Independent Franchise Partners LLP raised its position in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp raised its position in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock worth $ 465,771,000 after buying an additional 89,330 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock worth $ 150,281,000 after buying an additional 60,156 shares in the last quarter. Finally, Kiltearn Partners LLP raised its position in shares of Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock worth $ 155,120,000 after buying an additional 183,300 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
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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