Barclays PLC reissued their equal weight rating on shares of Harley-Davidson Inc (NYSE:HOG) in a research note released on Friday morning. Barclays PLC currently has a $ 52.00 price objective on the stock, down from their prior price objective of $ 53.00.
A number of other research firms have also issued reports on HOG. Citigroup Inc dropped their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a buy rating for the company in a research report on Monday, March 6th. Argus restated a hold rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada upped their price target on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a sector perform rating in a research report on Wednesday, April 5th. Deutsche Bank AG restated a hold rating and issued a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a research report on Thursday. Finally, Stifel Nicolaus restated a hold rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded up 0.90% on Friday, hitting $ 56.31. The stock had a trading volume of 861,946 shares. The stock has a 50 day moving average of $ 60.01 and a 200 day moving average of $ 58.10. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm has a market cap of $ 9.91 billion, a price-to-earnings ratio of 16.06 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. The business earned $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business’s revenue was down 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $ 1.36 earnings per share. Equities analysts predict that Harley-Davidson will post $ 3.77 earnings per share for the current fiscal year.
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In other news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the sale, the vice president now directly owns 2,195 shares in the company, valued at $ 125,115. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donald A. James sold 100,000 shares of the stock in a transaction 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 owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,960 shares of company stock worth $ 5,912,378. Insiders own 0.99% of the company’s stock.
Several hedge funds have recently made changes to their positions in HOG. Dodge & Cox bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $ 517,798,000. Norges Bank bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $ 115,866,000. FMR LLC boosted its stake in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock valued at $ 22,373,000 after buying an additional 368,800 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Harley-Davidson by 1,593.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 302,854 shares of the company’s stock valued at $ 17,664,000 after buying an additional 284,971 shares during the last quarter. 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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