Harley-Davidson, Inc. (NYSE:HOG) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday, June 13th.
Several other analysts also recently commented on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $62.00 price target on shares of Harley-Davidson in a research report on Wednesday, June 7th. Sanford C. Bernstein reduced their price target on shares of Harley-Davidson from $68.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. Barclays PLC reissued an “equal weight” rating and issued a $52.00 price objective (down from $53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and issued a $50.00 price objective (down from $52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $55.50.
Harley-Davidson (NYSE:HOG) traded up 0.37% on Tuesday, hitting $51.61. 2,104,770 shares of the company’s stock were exchanged. Harley-Davidson has a 12-month low of $47.03 and a 12-month high of $63.40. The company has a market cap of $9.08 billion, a PE ratio of 14.72 and a beta of 0.86. The company’s 50-day moving average price is $53.81 and its 200-day moving average price is $57.40.
Harley-Davidson (NYSE:HOG) last released its quarterly 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 12.50% and a return on equity of 31.69%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. Analysts forecast that Harley-Davidson will post $3.74 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its position in Harley-Davidson by 26.2% in the third quarter. D.A. Davidson & CO. now owns 34,926 shares of the company’s stock worth $1,835,000 after buying an additional 7,242 shares during the period. Russell Investments Group Ltd. purchased a new position in Harley-Davidson during the fourth quarter worth about $6,348,000. State Board of Administration of Florida Retirement System raised its position in Harley-Davidson by 0.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 286,111 shares of the company’s stock worth $16,692,000 after buying an additional 2,270 shares during the period. Comerica Bank raised its position in Harley-Davidson by 19.0% in the fourth quarter. Comerica Bank now owns 50,066 shares of the company’s stock worth $2,940,000 after buying an additional 8,009 shares during the period. Finally, Private Advisor Group LLC raised its position in Harley-Davidson by 34.2% in the fourth quarter. Private Advisor Group LLC now owns 7,810 shares of the company’s stock worth $453,000 after buying an additional 1,990 shares during the period. Institutional investors own 84.95% 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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