Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating reiterated by analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. They currently have a $ 63.00 target price on the stock, up from their prior target price of $ 58.00. Stifel Nicolaus’ price target indicates a potential upside of 6.06% from the stock’s current price.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Longbow Research raised shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 57.00 price target on shares of Harley-Davidson in a research note on Monday, December 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $ 59.00 price target (down from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and an average target price of $ 56.47.
Shares of Harley-Davidson (NYSE:HOG) opened at 59.40 on Friday. The stock has a market capitalization of $ 10.37 billion, a P/E ratio of 15.51 and a beta of 0.88. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The stock has a 50 day moving average of $ 60.15 and a 200-day moving average of $ 58.06. Harley-Davidson also was the recipient of some unusual options trading activity on Monday. Stock investors bought 4,888 put options on the company. This is an increase of 482% compared to the typical daily volume of 840 put options.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 EPS 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 analyst estimates of $ 972.47 million. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Harley-Davidson’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $ 0.22 earnings per share. Equities research analysts predict that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
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In related news, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 5,523 shares in the company, valued at $ 314,148.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michelle Kumbier sold 3,049 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock worth $ 5,912,378 in the last 90 days. 0.99% of the stock is currently 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. raised 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 valued at $ 178,000 after buying an additional 1,853 shares during the last quarter. Tower Research Capital LLC TRC raised 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 valued at $ 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 valued at approximately $ 201,000. Cpcm LLC acquired a new position in Harley-Davidson during the fourth quarter valued at approximately $ 203,000. Finally, Putnam Investments LLC acquired a new position in Harley-Davidson during the fourth quarter valued at approximately $ 204,000. Hedge funds and other 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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