Harley-Davidson Inc (HOG) Stock Rating Upgraded by Raymond James Financial, Inc.

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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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.

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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.

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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.

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