Harley-Davidson Inc (NYSE:HOG) had its price objective increased by Wedbush from $ 53.00 to $ 55.00 in a research report report published on Monday. The brokerage currently has a neutral rating on the stock.
Other equities research analysts have also issued reports about the stock. Argus restated a hold rating on shares of Harley-Davidson in a report on Friday, February 3rd. Barclays PLC restated an underweight rating and issued a $ 53.00 price objective (up from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Longbow Research upgraded shares of Harley-Davidson from an underperform rating to a neutral rating in a report on Wednesday, March 15th. Zacks Investment Research lowered shares of Harley-Davidson from a hold rating to a sell rating in a report on Wednesday, December 21st. Finally, Royal Bank of Canada lowered their price objective on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a sector perform rating for the company in a report on Wednesday, February 1st. Two research analysts have rated the stock with a sell rating, fifteen 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.
Harley-Davidson (NYSE:HOG) opened at 60.84 on Monday. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The company has a market capitalization of $ 10.62 billion, a price-to-earnings ratio of 15.89 and a beta of 0.88. The company’s 50-day moving average is $ 59.50 and its 200 day moving average is $ 57.55.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $ 0.31 by $ 0.04. The business earned $ 1.11 billion during the quarter, compared to the consensus estimate of $ 972.47 million. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $ 0.22 earnings per share. On average, analysts forecast that Harley-Davidson will post $ 3.85 EPS for the current fiscal year.
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In related news, SVP Michelle Kumbier sold 3,049 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the transaction, the director now owns 5,523 shares in the company, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in HOG. Macquarie Group Ltd. boosted its position in shares of Harley-Davidson by 8.4% in the second quarter. Macquarie Group Ltd. now owns 115,749 shares of the company’s stock worth $ 5,243,000 after buying an additional 8,976 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Harley-Davidson by 1.0% in the third quarter. Capstone Asset Management Co. now owns 14,537 shares of the company’s stock worth $ 765,000 after buying an additional 150 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Harley-Davidson by 4.1% in the third quarter. Gulf International Bank UK Ltd now owns 55,819 shares of the company’s stock worth $ 2,935,000 after buying an additional 2,200 shares during the last quarter. MSI Financial Services Inc boosted its position in shares of Harley-Davidson by 20.4% in the third quarter. MSI Financial Services Inc now owns 5,774 shares of the company’s stock worth $ 304,000 after buying an additional 980 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Harley-Davidson by 9.4% in the third quarter. National Pension Service now owns 173,457 shares of the company’s stock worth $ 9,122,000 after buying an additional 14,931 shares during the last quarter. Institutional investors 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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