HOG has been the subject of several other reports. UBS Group AG reissued a neutral rating and set a $57.00 target price on shares of Harley-Davidson in a research note on Monday. Morgan Stanley reissued an overweight rating and set a $59.00 target price (down from $61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Wedbush increased their target price on shares of Harley-Davidson from $53.00 to $55.00 and gave the company a neutral rating in a research note on Monday, April 3rd. Jefferies Group LLC restated a hold rating and set a $49.00 price target on shares of Harley-Davidson in a report on Thursday, April 6th. Finally, Barclays PLC restated an underweight rating and set a $53.00 price target (up previously from $45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $56.29.
Shares of Harley-Davidson (NYSE:HOG) traded down 1.06% during midday trading on Thursday, reaching $55.87. 1,571,572 shares of the company were exchanged. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 14.59 and a beta of 0.88. The company’s 50-day moving average price is $60.09 and its 200 day moving average price is $58.06. Harley-Davidson has a 52-week low of $41.63 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business earned $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the business earned $1.36 earnings per share. The business’s quarterly revenue was down 15.7% on a year-over-year basis. On average, equities analysts predict that Harley-Davidson will post $3.85 earnings per share for the current year.
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In other news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $57.00, for a total transaction of $51,927.00. Following the transaction, the vice president now owns 2,195 shares in the company, valued at approximately $125,115. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donald A. James sold 100,000 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $56.88, for a total transaction of $5,688,000.00. Following the transaction, the director now owns 5,523 shares in the company, valued at approximately $314,148.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,960 shares of company stock worth $5,912,378. Company insiders own 0.99% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. K.J. Harrison & Partners Inc acquired a new position in shares of Harley-Davidson during the third quarter valued at approximately $1,010,000. Concert Wealth Management Inc. raised its position in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $261,000 after buying an additional 28 shares during the period. SeaBridge Investment Advisors LLC acquired a new position in shares of Harley-Davidson during the third quarter valued at approximately $4,591,000. Great West Life Assurance Co. Can raised its position in shares of Harley-Davidson by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 718,229 shares of the company’s stock valued at $37,759,000 after buying an additional 18,614 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Harley-Davidson by 19.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,290 shares of the company’s stock valued at $1,908,000 after buying an additional 5,927 shares during the period. Institutional investors own 89.54% 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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