Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of Harley-Davidson, Inc. (NYSE:HOG) in a research note published on Sunday, June 18th. The brokerage currently has a $53.00 price target on the stock.
A number of other equities analysts also recently weighed in on the stock. UBS AG reaffirmed a neutral rating and set a $57.00 target price on shares of Harley-Davidson in a research note on Tuesday, June 13th. BidaskClub raised shares of Harley-Davidson from a strong sell rating to a sell rating in a research report on Tuesday, June 13th. Robert W. Baird reissued a neutral rating and set 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. Finally, Barclays PLC reissued an equal weight rating and set a $52.00 price target (down previously from $53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, twenty have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $55.50.
Harley-Davidson (NYSE:HOG) opened at 52.00 on Friday. The stock’s 50 day moving average price is $53.81 and its 200 day moving average price is $57.40. The firm has a market capitalization of $9.15 billion, a PE ratio of 14.83 and a beta of 0.86. Harley-Davidson has a 52-week low of $47.03 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.74 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the stock. Tyers Asset Management LLC purchased a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $902,000. Capstone Investment Advisors LLC purchased a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $851,000. Cantab Capital Partners LLP purchased a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $685,000. Flinton Capital Management LLC purchased a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $1,148,000. Finally, Renaissance Technologies LLC increased its position in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock valued at $22,373,000 after buying an additional 368,800 shares during the last quarter. Institutional investors own 84.94% 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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