TheStreet lowered shares of Harley-Davidson, Inc. (NYSE:HOG) from a b- rating to a c+ rating in a report released on Tuesday, October 17th.
A number of other equities analysts also recently issued reports on HOG. Zacks Investment Research raised Harley-Davidson from a sell rating to a hold rating in a report on Friday, July 7th. BidaskClub downgraded Harley-Davidson from a hold rating to a sell rating in a report on Wednesday, July 12th. Sandler O’Neill downgraded Harley-Davidson from an outperform rating to a market perform rating and lowered their price target for the company from $62.00 to $55.00 in a report on Wednesday, July 12th. ValuEngine raised Harley-Davidson from a hold rating to a buy rating in a report on Friday, July 7th. Finally, Tigress Financial reaffirmed a buy rating on shares of Harley-Davidson in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $52.50.
Harley-Davidson (HOG) traded down 1.97% on Tuesday, reaching $47.84. 1,542,233 shares of the company traded hands. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 14.93 and a beta of 0.87. The stock’s 50-day moving average is $47.99 and its 200-day moving average is $51.14. Harley-Davidson has a 1-year low of $45.25 and a 1-year high of $63.40.
Harley-Davidson (NYSE:HOG) last released 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 net margin of 11.68% and a return on equity of 28.69%. The firm had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. Equities research analysts expect that Harley-Davidson will post $3.43 EPS for the current year.
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In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the 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 $1,116,892.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John A. Olin sold 28,760 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 65,722 shares of the company’s stock, valued at approximately $3,156,627.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,220 shares of company stock valued at $3,030,113. Corporate insiders own 0.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in Harley-Davidson by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock worth $384,000 after acquiring an additional 66 shares in the last quarter. Contravisory Investment Management Inc. raised its position in Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock worth $232,000 after acquiring an additional 72 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after acquiring an additional 100 shares in the last quarter. Annex Advisory Services LLC raised its position in Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after acquiring an additional 102 shares in the last quarter. Finally, Norinchukin Bank The raised its position in Harley-Davidson by 0.3% in the second quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock worth $2,156,000 after acquiring an additional 127 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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