Harley-Davidson (NYSE:HOG) had its target price lowered by Stifel Nicolaus from $49.00 to $45.00 in a report published on Friday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the stock.
HOG has been the topic of several other reports. Longbow Research cut Harley-Davidson from a neutral rating to an underperform rating in a report on Wednesday, January 3rd. Wedbush set a $44.00 price target on Harley-Davidson and gave the company a hold rating in a report on Wednesday. Zacks Investment Research cut Harley-Davidson from a hold rating to a sell rating in a report on Tuesday, April 3rd. Wells Fargo raised Harley-Davidson from a market perform rating to an outperform rating and set a $59.00 price target on the stock in a report on Monday, January 22nd. Finally, Goldman Sachs cut Harley-Davidson to a hold rating and set a $43.00 target price on the stock. in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Harley-Davidson has a consensus rating of Hold and a consensus price target of $50.94.
Shares of NYSE HOG traded up $0.06 during midday trading on Friday, hitting $42.20. 1,962,915 shares of the stock traded hands, compared to its average volume of 2,021,657. The stock has a market capitalization of $7,096.95, a price-to-earnings ratio of 12.06, a PEG ratio of 1.40 and a beta of 0.88. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.23 and a quick ratio of 1.06. Harley-Davidson has a one year low of $41.33 and a one year high of $60.18.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.08. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. equities research analysts anticipate that Harley-Davidson will post 3.76 EPS for the current year.
Harley-Davidson announced that its board has approved a share buyback plan on Monday, February 5th that allows the company to buyback 15,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other Harley-Davidson news, VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $47.74, for a total transaction of $66,883.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $47.62, for a total value of $41,429.40. Following the sale, the vice president now directly owns 3,399 shares in the company, valued at $161,860.38. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of HOG. New York State Common Retirement Fund raised its holdings in Harley-Davidson by 1.7% during the third quarter. New York State Common Retirement Fund now owns 398,120 shares of the company’s stock valued at $19,193,000 after acquiring an additional 6,500 shares during the period. Dimensional Fund Advisors LP raised its holdings in Harley-Davidson by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,227,385 shares of the company’s stock valued at $59,177,000 after acquiring an additional 12,203 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Harley-Davidson by 22.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock valued at $294,000 after acquiring an additional 1,100 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Harley-Davidson by 11.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 25,591 shares of the company’s stock valued at $1,233,000 after acquiring an additional 2,659 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Harley-Davidson by 18.7% during the third quarter. Janney Montgomery Scott LLC now owns 11,700 shares of the company’s stock valued at $564,000 after acquiring an additional 1,845 shares during the period. 95.87% of the stock is currently owned by institutional investors and hedge funds.
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Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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