Harley-Davidson Inc (NYSE:HOG)‘s stock had its “buy” rating restated by Tigress Financial in a research report issued to clients and investors on Thursday.
Other equities research analysts have also issued research reports about the stock. Citigroup Inc cut their price target on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Wedbush restated a “hold” rating and set a $ 53.00 price target (up previously from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Royal Bank of Canada set a $ 58.00 price target on shares of Harley-Davidson and gave the company a “hold” rating in a report on Wednesday, February 1st. Argus restated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $ 49.00 price target on shares of Harley-Davidson in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $ 56.29.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.07% on Thursday, reaching $ 56.37. 164,751 shares of the company’s stock were exchanged. The company has a market capitalization of $ 9.84 billion, a P/E ratio of 14.72 and a beta of 0.88. The stock’s 50-day moving average price is $ 60.15 and its 200-day moving average price is $ 58.07. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. Harley-Davidson also was the target of unusually large options trading activity on Monday. Stock traders bought 4,888 put options on the company. This represents an increase of 482% compared to the typical daily volume of 840 put options.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period in the previous year, the firm earned $ 1.36 EPS. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. Analysts anticipate that Harley-Davidson will post $ 3.85 EPS for the current fiscal year.
In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were 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 of the company’s stock, valued at $ 314,148.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction 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 three months. Insiders own 0.99% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Dodge & Cox acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. Independent Franchise Partners LLP increased its stake 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 valued at $ 459,909,000 after buying an additional 127,052 shares in the last quarter. State Street Corp increased its stake in Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares in the last quarter. BlackRock Fund Advisors increased its stake in Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock valued at $ 150,281,000 after buying an additional 60,156 shares in the last quarter. Finally, Kiltearn Partners LLP increased its stake in Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock valued at $ 155,120,000 after buying an additional 183,300 shares in the last quarter. 89.54% of the stock is owned by institutional investors.
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.