The Harley-Davidson's (HOG) Neutral Rating Reiterated at Goldman Sachs Group Inc

Several other research firms also recently weighed in on HOG. Tigress Financial reissued a buy rating on shares of Harley-Davidson in a research note on Friday, March 17th. Raymond James Financial, Inc. upgraded shares of Harley-Davidson from an underperform rating to a market perform rating in a research report on Wednesday, April 12th. DA Davidson upgraded shares of Harley-Davidson from an underperform rating to a market perform rating in a research report on Wednesday, April 12th. Royal Bank of Canada boosted their price objective on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a sector perform rating in a research report on Wednesday, April 5th. Finally, Jefferies Group LLC restated a hold rating and issued a $ 49.00 price objective on shares of Harley-Davidson in a research report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $ 56.29.

Goldman Sachs Group Inc reissued their neutral rating on shares of Harley-Davidson Inc (NYSE:HOG) in a research note released on Tuesday morning. They currently have a $ 54.00 price target on the stock.

Shares of Harley-Davidson (NYSE:HOG) traded down 1.26% during mid-day trading on Tuesday, hitting $ 55.76. The stock had a trading volume of 996,375 shares. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a market cap of $ 9.73 billion, a P/E ratio of 14.56 and a beta of 0.88. The firm’s 50 day moving average price is $ 60.09 and its 200 day moving average price is $ 58.06.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the consensus estimate of $ 1.02 by $ 0.03. The business earned $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $ 1.36 earnings per share. Analysts predict that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.

In related news, SVP Michelle Kumbier sold 3,049 shares of the 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 103,960 shares of company stock worth $ 5,912,378. Insiders own 0.99% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HOG. K.J. Harrison & Partners Inc bought a new position in shares of Harley-Davidson during the third quarter worth $ 1,010,000. Concert Wealth Management Inc. increased its position in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares during the period. SeaBridge Investment Advisors LLC bought a new position in shares of Harley-Davidson during the third quarter worth $ 4,591,000. Great West Life Assurance Co. Can increased its position in shares of Harley-Davidson by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 718,229 shares of the company’s stock worth $ 37,759,000 after buying an additional 18,614 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Harley-Davidson by 19.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,290 shares of the company’s stock worth $ 1,908,000 after buying an additional 5,927 shares during the period. Institutional investors own 89.54% of the company’s stock.

About Harley-Davidson

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.

Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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