A number of other brokerages have also recently commented on HOG. Morgan Stanley decreased their price target on Harley-Davidson from $59.00 to $54.00 and set an overweight rating on the stock in a research report on Monday, August 14th. Stifel Nicolaus raised their price target on Harley-Davidson from $48.00 to $49.00 and gave the stock a hold rating in a research report on Wednesday, October 18th. UBS AG restated a hold rating and issued a $47.00 price target on shares of Harley-Davidson in a research report on Wednesday, September 13th. ValuEngine cut Harley-Davidson from a buy rating to a hold rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets restated a buy rating and issued a $56.00 price target on shares of Harley-Davidson in a research report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the stock. Harley-Davidson currently has an average rating of Hold and an average target price of $52.50.
Harley-Davidson (HOG) traded down $1.51 on Tuesday, hitting $45.53. The stock had a trading volume of 1,053,253 shares, compared to its average volume of 2,722,438. Harley-Davidson has a 12 month low of $45.25 and a 12 month high of $63.40. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $7,916.61, a P/E ratio of 14.70, a P/E/G ratio of 1.61 and a beta of 0.94.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue was down 11.9% on a year-over-year basis. sell-side analysts expect that Harley-Davidson will post 3.43 EPS for the current year.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares in the company, valued at approximately $1,116,892.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jochen Zeitz sold 1,859 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total value of $88,860.20. The disclosure for this sale can be found here. Insiders have sold 73,739 shares of company stock valued at $3,524,954 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in HOG. Cambiar Investors LLC lifted its position in shares of Harley-Davidson by 23.3% during the 3rd quarter. Cambiar Investors LLC now owns 77,041 shares of the company’s stock valued at $3,714,000 after buying an additional 14,569 shares during the last quarter. Sei Investments Co. lifted its position in shares of Harley-Davidson by 16.1% during the 3rd quarter. Sei Investments Co. now owns 119,339 shares of the company’s stock valued at $5,754,000 after buying an additional 16,544 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Harley-Davidson by 26.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 259,351 shares of the company’s stock valued at $12,503,000 after buying an additional 53,570 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its position in shares of Harley-Davidson by 21.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,489 shares of the company’s stock valued at $506,000 after buying an additional 1,861 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Harley-Davidson by 1.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 89,169 shares of the company’s stock valued at $4,299,000 after buying an additional 1,578 shares during the last quarter. Hedge funds and other institutional investors own 92.05% 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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