Harley-Davidson, Inc. (NYSE:HOG) had its price target upped by Stifel Nicolaus from $48.00 to $49.00 in a research note issued to investors on Wednesday, October 18th, MarketBeat Ratings reports. Stifel Nicolaus currently has a hold rating on the stock.
A number of other research firms have also commented on HOG. BidaskClub raised shares of Harley-Davidson from a hold rating to a buy rating in a research note on Friday, June 23rd. UBS AG reaffirmed a neutral rating and set a $57.00 price objective on shares of Harley-Davidson in a research note on Monday, June 26th. Jefferies Group LLC reaffirmed a hold rating and set a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. ValuEngine upgraded Harley-Davidson from a hold rating to a buy rating in a report on Friday, July 7th. Finally, Zacks Investment Research upgraded Harley-Davidson from a sell rating to a hold rating in a report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $52.50.
Shares of Harley-Davidson (HOG) traded down 1.97% during mid-day trading on Wednesday, hitting $47.84. 1,542,233 shares of the company traded hands. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 14.93 and a beta of 0.87. The firm has a 50-day moving average price of $47.99 and a 200 day moving average price of $51.14. Harley-Davidson has a 52-week low of $45.25 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The company had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same period in the prior year, the company earned $0.64 EPS. Harley-Davidson’s revenue was down 11.9% on a year-over-year basis. Equities research analysts anticipate that Harley-Davidson will post $3.43 EPS for the current fiscal year.
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In related news, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the sale, the chief financial officer now directly owns 65,722 shares in the company, valued at $3,156,627.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction dated 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 sale, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,220 shares of company stock valued at $3,030,113. 0.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Geneva Advisors LLC lifted its holdings in shares of Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after purchasing an additional 200 shares in the last quarter. Northside Capital Management LLC bought a new position in shares of Harley-Davidson during the 1st quarter valued at about $218,000. Wedbush Securities Inc. lifted its holdings in shares of Harley-Davidson by 20.7% during the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after purchasing an additional 700 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in shares of Harley-Davidson by 2.5% during the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after purchasing an additional 102 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Harley-Davidson by 1.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 91.14% 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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