Harley-Davidson Inc (NYSE:HOG) had its price objective cut by investment analysts at Wedbush from $ 55.00 to $ 53.00 in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. Wedbush’s target price suggests a potential downside of 6.14% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a $ 54.00 price target on shares of Harley-Davidson in a report on Tuesday. UBS Group AG reiterated a “neutral” rating and issued a $ 57.00 price target on shares of Harley-Davidson in a report on Monday. Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a report on Friday, April 14th. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Finally, DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $ 56.29.
Harley-Davidson (NYSE:HOG) opened at 56.47 on Wednesday. The firm’s 50 day moving average price is $ 60.09 and its 200-day moving average price is $ 58.06. The company has a market capitalization of $ 9.86 billion, a PE ratio of 14.74 and a beta of 0.88. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. The business earned $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period last year, the company earned $ 1.36 EPS. On average, equities analysts anticipate that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
In other news, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the sale, the director now owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michelle Kumbier sold 3,049 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The disclosure for this sale can be found here. Insiders sold a total of 103,960 shares of company stock valued at $ 5,912,378 in the last three months. Insiders own 0.99% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. boosted its stake 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 worth $ 178,000 after buying an additional 1,853 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 worth $ 201,000 after buying an additional 700 shares during the last quarter. Stokes & Hubbell Capital Management LLC acquired a new stake in Harley-Davidson during the first quarter worth $ 201,000. Cpcm LLC acquired a new stake in Harley-Davidson during the fourth quarter worth $ 203,000. Finally, Putnam Investments LLC acquired a new stake in Harley-Davidson during the fourth quarter worth $ 204,000. 89.54% of the stock is 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.