Several other research firms have also recently weighed in on HOG. Citigroup Inc cut their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a buy rating on the stock in a research report on Monday, March 6th. Argus reissued a hold rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada boosted their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a sector perform rating in a research report on Wednesday, April 5th. Stifel Nicolaus reissued a hold rating and issued a $ 63.00 price objective (up previously from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Finally, DA Davidson raised Harley-Davidson from an underperform rating to a market perform rating in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $ 56.12.
Harley-Davidson (NYSE:HOG) opened at 55.81 on Wednesday. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The firm’s 50-day moving average is $ 60.01 and its 200-day moving average is $ 58.10. The company has a market capitalization of $ 9.82 billion, a P/E ratio of 15.91 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the firm earned $ 1.36 earnings per share. The business’s revenue was down 15.7% on a year-over-year basis. Equities research analysts predict that Harley-Davidson will post $ 3.77 EPS for the current year.
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In related news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction 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 sale, the director now owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its stake in Harley-Davidson by 1.9% in the first quarter. Nationwide Fund Advisors now owns 49,829 shares of the company’s stock worth $ 3,015,000 after buying an additional 923 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in Harley-Davidson by 1,794.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 144,974 shares of the company’s stock worth $ 8,771,000 after buying an additional 137,321 shares during the last quarter. Northern Capital Management LLC bought a new stake in Harley-Davidson during the first quarter worth about $ 1,285,000. DnB Asset Management AS raised its stake in Harley-Davidson by 11.6% in the first quarter. DnB Asset Management AS now owns 16,411 shares of the company’s stock worth $ 993,000 after buying an additional 1,700 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its stake in Harley-Davidson by 6.7% in the first quarter. SeaBridge Investment Advisors LLC now owns 92,508 shares of the company’s stock worth $ 5,597,000 after buying an additional 5,800 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.
Harley-Davidson Company Profile
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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