HOG has been the topic of several other reports. RBC Capital Markets raised Harley-Davidson from an underperform rating to a sector perform rating and boosted their price objective for the stock from $ 46.00 to $ 57.00 in a research note on Tuesday, November 15th. Vetr cut Harley-Davidson from a buy rating to a hold rating and set a $ 51.00 price objective on the stock. in a research note on Tuesday, October 4th. Stifel Nicolaus reissued a hold rating and set a $ 50.00 price objective on shares of Harley-Davidson in a research note on Friday, October 14th. Zacks Investment Research raised Harley-Davidson from a hold rating to a buy rating and set a $ 67.00 price objective on the stock in a research note on Monday, December 5th. Finally, Wunderlich reissued a hold rating and set a $ 52.00 price objective on shares of Harley-Davidson in a research note on Tuesday, October 18th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company’s stock. Harley-Davidson has a consensus rating of Hold and a consensus price target of $ 55.05.
Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of Harley-Davidson, Inc. (NYSE:HOG) in a research report report published on Wednesday morning. The brokerage currently has a $ 55.00 target price on the stock, down from their previous target price of $ 57.00.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.51% on Wednesday, hitting $ 56.30. The stock had a trading volume of 1,167,191 shares. Harley-Davidson has a 52-week low of $ 36.97 and a 52-week high of $ 62.35. The company has a market cap of $ 10.05 billion, a P/E ratio of 15.07 and a beta of 0.88. The company has a 50-day moving average of $ 58.78 and a 200-day moving average of $ 55.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $ 1.11 billion for the quarter, compared to the consensus estimate of $ 972.47 million. During the same period in the previous year, the firm earned $ 0.22 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson will post $ 3.87 EPS for the current fiscal year.
In related news, VP Joanne M. Bischmann sold 5,037 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $ 60.00, for a total value of $ 302,220.00. Following the transaction, the vice president now directly owns 6,771 shares of the company’s stock, valued at approximately $ 406,260. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lawrence G. Hund sold 28,271 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $ 60.00, for a total value of $ 1,696,260.00. Following the completion of the transaction, the insider now directly owns 25,438 shares in the company, valued at $ 1,526,280. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HOG. Bank of Montreal Can purchased a new position in Harley-Davidson during the second quarter valued at about $ 3,551,000. LMR Partners LLP purchased a new position in Harley-Davidson during the second quarter valued at about $ 357,000. Wedge Capital Management L L P NC increased its position in Harley-Davidson by 5.6% in the second quarter. Wedge Capital Management L L P NC now owns 194,765 shares of the company’s stock valued at $ 8,823,000 after buying an additional 10,366 shares during the last quarter. Thompson Investment Management Inc. increased its position in Harley-Davidson by 3.5% in the second quarter. Thompson Investment Management Inc. now owns 83,134 shares of the company’s stock valued at $ 3,766,000 after buying an additional 2,795 shares during the last quarter. Finally, Todd Asset Management LLC increased its position in Harley-Davidson by 15.3% in the second quarter. Todd Asset Management LLC now owns 266,854 shares of the company’s stock valued at $ 12,088,000 after buying an additional 35,328 shares during the last quarter. 92.61% of the stock is currently owned by hedge funds and other 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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.