Harley-Davidson, Inc. (NYSE:HOG) received a $45.00 price target from Wedbush in a note issued to investors on Sunday, October 8th. The brokerage presently has a “hold” rating on the stock. Wedbush’s price objective suggests a potential downside of 9.09% from the company’s current price.
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Sandler O’Neill lowered Harley-Davidson from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $62.00 to $55.00 in a research note on Wednesday, July 12th. ValuEngine upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.50.
Harley-Davidson (NYSE HOG) opened at 49.50 on Friday. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 14.49 and a beta of 0.87. The firm’s 50-day moving average is $47.75 and its 200 day moving average is $51.58. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The firm had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. Equities analysts predict that Harley-Davidson will post $3.43 earnings per share for the current year.
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In other news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the sale, the insider now directly owns 23,673 shares in the company, valued at approximately $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John A. Olin sold 28,760 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $48.03, for a total value of $1,381,342.80. Following the sale, the chief financial officer now owns 65,722 shares in the company, valued at $3,156,627.66. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Matrix Asset Advisors Inc. NY lifted its stake in Harley-Davidson by 8.0% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock valued at $10,139,000 after buying an additional 13,897 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Harley-Davidson in the 1st quarter valued at about $257,000. Thompson Investment Management Inc. lifted its stake in Harley-Davidson by 0.9% in the 2nd quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock valued at $4,238,000 after buying an additional 686 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Harley-Davidson in the 2nd quarter valued at about $3,059,000. Finally, Intact Investment Management Inc. purchased a new position in Harley-Davidson in the 2nd quarter valued at about $1,388,000. Hedge funds and other institutional investors own 91.05% 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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