Harley-Davidson Inc (NYSE:HOG) was upgraded by DA Davidson from an “underperform” rating to a “market perform” rating in a report issued on Wednesday.
A number of other research analysts have also recently commented on HOG. Royal Bank of Canada set a $ 58.00 price target on shares of Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, February 1st. Citigroup Inc lowered their price objective on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Barclays PLC reaffirmed an “underweight” rating and issued a $ 53.00 price objective (up from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Finally, Wedbush upped their price objective on shares of Harley-Davidson from $ 53.00 to $ 55.00 and gave the stock a “neutral” rating in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company. Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded up 1.302% during trading on Wednesday, hitting $ 57.955. 1,141,859 shares of the stock traded hands. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The company has a 50 day moving average price of $ 59.93 and a 200 day moving average price of $ 58.30. The firm has a market cap of $ 10.20 billion, a price-to-earnings ratio of 16.526 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 EPS for the quarter, topping the Zacks’ consensus estimate of $ 1.02 by $ 0.03. The firm had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $ 1.36 earnings per share. Analysts anticipate that Harley-Davidson will post $ 3.77 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 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 approximately $ 314,148.24. The sale was disclosed in a filing with the SEC, which is available through 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 stock was 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. In the last quarter, insiders sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. raised 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. Everence Capital Management Inc. bought a new position in Harley-Davidson during the third quarter valued at approximately $ 226,000. K.J. Harrison & Partners Inc bought a new position in Harley-Davidson during the third quarter valued at approximately $ 1,010,000. Concert Wealth Management Inc. raised its position in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $ 261,000 after buying an additional 28 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new position in Harley-Davidson during the third quarter valued at approximately $ 4,591,000. 89.54% 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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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