Harley-Davidson Inc (NYSE:HOG) was upgraded by stock analysts at Raymond James Financial, Inc. from an “underperform” rating to a “market perform” rating in a report issued on Wednesday.
Other equities analysts also recently issued research reports about the company. Jefferies Group LLC reiterated a “hold” rating and issued a $ 49.00 price objective on shares of Harley-Davidson in a research report on Thursday, April 6th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Barclays PLC reissued an “underweight” rating and issued a $ 53.00 target price (up from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. DA Davidson raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Longbow Research raised Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $ 55.65.
Shares of Harley-Davidson (NYSE:HOG) opened at 59.70 on Wednesday. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The stock has a market capitalization of $ 10.42 billion, a P/E ratio of 15.59 and a beta of 0.88. The company has a 50-day moving average price of $ 60.00 and a 200 day moving average price of $ 57.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business earned $ 1.11 billion during the quarter, compared to the consensus estimate of $ 972.47 million. During the same quarter in the previous year, the firm posted $ 0.22 EPS. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. Analysts forecast that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/04/14/harley-davidson-inc-hog-stock-rating-upgraded-by-raymond-james-financial-inc.html.
In related news, 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 transaction of $ 51,927.00. Following the completion of the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,960 shares of company stock valued at $ 5,912,378. 0.99% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. boosted its position in 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 last quarter. Tower Research Capital LLC TRC boosted its position in Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock worth $ 201,000 after buying an additional 700 shares during the last quarter. Stokes & Hubbell Capital Management LLC acquired a new position in Harley-Davidson during the first quarter worth about $ 201,000. Cpcm LLC acquired a new position in Harley-Davidson during the fourth quarter worth about $ 203,000. Finally, Putnam Investments LLC acquired a new position in Harley-Davidson during the fourth quarter worth about $ 204,000. 89.54% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.