Harley-Davidson’s (HOG) “Buy” Rating Reaffirmed at BMO Capital Markets
Harley-Davidson, Inc. (NYSE:HOG)‘s stock had its “buy” rating restated by stock analysts at BMO Capital Markets in a research note issued on Friday. They currently have a $56.00 price objective on the stock. BMO Capital Markets’ price target would indicate a potential upside of 18.19% from the company’s current price.
HOG has been the subject of several other research reports. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and issued a $49.00 price target on shares of Harley-Davidson in a report on Tuesday, July 4th. UBS AG restated a “neutral” rating and issued a $57.00 price target on shares of Harley-Davidson in a report on Monday, June 26th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Friday, July 21st. Finally, Aegis began coverage on shares of Harley-Davidson in a report on Monday, August 28th. They issued a “hold” rating and a $49.00 price target for the company. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have assigned a buy rating to the company. Harley-Davidson has an average rating of “Hold” and an average target price of $54.50.
Shares of Harley-Davidson (NYSE HOG) traded up 0.92% during trading on Friday, hitting $47.38. 1,131,883 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $47.74 and a 200-day moving average price of $54.13. The stock has a market cap of $8.26 billion, a P/E ratio of 13.87 and a beta of 0.86. Harley-Davidson has a one year low of $45.53 and a one year high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts expect that Harley-Davidson will post $3.39 EPS for the current fiscal year.
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In other news, insider Lawrence G. Hund sold 15,013 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in HOG. Independent Advisor Alliance boosted its holdings in shares of Harley-Davidson by 491.5% in the 1st quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after acquiring an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. purchased a new stake in shares of Harley-Davidson in the 1st quarter valued at $200,000. Appleton Group LLC purchased a new stake in shares of Harley-Davidson in the 1st quarter valued at $210,000. Geneva Advisors LLC boosted its holdings in shares of Harley-Davidson by 5.4% in the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after acquiring an additional 200 shares during the last quarter. Finally, Northside Capital Management LLC purchased a new stake in shares of Harley-Davidson in the 1st quarter valued at $218,000. 91.06% of the stock is currently owned by institutional investors and hedge funds.
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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