Harley-Davidson, Inc. (NYSE:HOG) had its price objective lifted by Stifel Nicolaus from $48.00 to $49.00 in a research note issued to investors on Wednesday, October 18th, Marketbeat Ratings reports. They currently have a hold rating on the stock.
Several other brokerages have also issued reports on HOG. BidaskClub raised shares of Harley-Davidson from a hold rating to a buy rating in a report on Friday, June 23rd. UBS AG restated a neutral rating and issued a $57.00 target price on shares of Harley-Davidson in a research note on Monday, June 26th. Jefferies Group LLC restated a hold rating and issued a $49.00 target price on shares of Harley-Davidson in a research note on Tuesday, July 4th. ValuEngine upgraded shares of Harley-Davidson from a hold rating to a buy rating in a research note on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Harley-Davidson from a sell rating to a hold rating in a research note on Friday, July 7th. 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 company’s stock. Harley-Davidson presently has an average rating of Hold and an average price target of $52.50.
Shares of Harley-Davidson (HOG) traded down $1.89 during mid-day trading on Wednesday, reaching $45.15. 3,215,458 shares of the company were exchanged, compared to its average volume of 2,722,438. Harley-Davidson has a fifty-two week low of $45.25 and a fifty-two week high of $63.40. The company has a market capitalization of $7,916.61, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.61 and a beta of 0.94. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. equities analysts anticipate that Harley-Davidson will post 3.43 EPS for the current fiscal year.
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In other news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jochen Zeitz sold 1,859 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total transaction of $88,860.20. The disclosure for this sale can be found here. Insiders have sold a total of 73,739 shares of company stock valued at $3,524,954 over the last ninety days. Company insiders own 0.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. Capital Research Global Investors boosted its holdings in shares of Harley-Davidson by 605.1% in the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after buying an additional 14,359,571 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Harley-Davidson by 2,897.2% in the 1st quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock valued at $639,479,000 after buying an additional 10,217,239 shares during the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of Harley-Davidson by 53.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after buying an additional 2,815,749 shares during the last quarter. Impala Asset Management LLC boosted its holdings in shares of Harley-Davidson by 60.2% in the 2nd quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock valued at $112,223,000 after buying an additional 780,371 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Harley-Davidson by 2,910.0% in the 2nd quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after buying an additional 541,280 shares during the last quarter. 92.05% of the stock is owned by 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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