BidaskClub Downgrades Harley-Davidson, Inc. (HOG) to Hold

BidaskClub downgraded shares of Harley-Davidson, Inc. (NYSE:HOG) from a buy rating to a hold rating in a report released on Friday, June 30th.

Several other research firms have also recently issued reports on HOG. Citigroup Inc. cut their target price on Harley-Davidson from $73.00 to $68.00 and set a buy rating on the stock in a research note on Monday, March 6th. Royal Bank Of Canada raised their target price on Harley-Davidson from $58.00 to $60.00 and gave the stock a sector perform rating in a research note on Wednesday, April 5th. Deutsche Bank AG reissued a hold rating and issued a $50.00 target price (down from $52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Stifel Nicolaus reissued a hold rating and issued a $63.00 target price (up from $58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Finally, Robert W. Baird reissued a neutral rating and issued a $62.00 target price on shares of Harley-Davidson in a research note on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $54.83.

Shares of Harley-Davidson (NYSE HOG) traded down 2.79% on Friday, hitting $48.86. The stock had a trading volume of 2,355,038 shares. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 14.31 and a beta of 0.86. Harley-Davidson has a 1-year low of $46.00 and a 1-year high of $63.40. The firm has a 50 day moving average of $52.52 and a 200-day moving average of $56.22.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share. Equities analysts predict that Harley-Davidson will post $3.39 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Supplemental Annuity Collective Trust of NJ purchased a new stake in shares of Harley-Davidson during the second quarter valued at $648,000. State of New Jersey Common Pension Fund D increased its stake in shares of Harley-Davidson by 415.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 490,000 shares of the company’s stock valued at $26,469,000 after buying an additional 395,000 shares during the period. Tufton Capital Management increased its stake in shares of Harley-Davidson by 2.6% in the second quarter. Tufton Capital Management now owns 138,362 shares of the company’s stock valued at $7,474,000 after buying an additional 3,505 shares during the period. Cambiar Investors LLC increased its stake in shares of Harley-Davidson by 8.0% in the second quarter. Cambiar Investors LLC now owns 62,472 shares of the company’s stock valued at $3,375,000 after buying an additional 4,601 shares during the period. Finally, Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 0.6% in the second quarter. Independent Franchise Partners LLP now owns 5,285,536 shares of the company’s stock valued at $285,524,000 after buying an additional 33,969 shares during the period. 85.17% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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