Harley-Davidson’s (HOG) Buy Rating Reiterated at Stifel Nicolaus
Harley-Davidson, Inc. (NYSE:HOG)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Tuesday. They currently have a $48.00 price objective on the stock, down from their prior price objective of $51.00. Stifel Nicolaus’ price target would suggest a potential upside of 3.63% from the stock’s current price.
Several other analysts have also issued reports on HOG. BidaskClub upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. UBS AG reiterated a “neutral” rating and set a $57.00 target price on shares of Harley-Davidson in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $53.00 target price on shares of Harley-Davidson in a report on Sunday, June 18th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 target price on shares of Harley-Davidson in a report on Tuesday, July 4th. Finally, Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.38.
Shares of Harley-Davidson (HOG) traded up 1.18% on Tuesday, hitting $46.32. The company had a trading volume of 1,632,617 shares. The firm has a market capitalization of $8.08 billion, a P/E ratio of 13.56 and a beta of 0.87. Harley-Davidson has a 12-month low of $45.53 and a 12-month high of $63.40. The firm has a 50 day moving average of $47.75 and a 200-day moving average of $52.32.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. Harley-Davidson’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts predict that Harley-Davidson will post $3.38 EPS for the current year.
In other news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the transaction, the insider now owns 23,673 shares in the company, valued at $1,116,892.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Matrix Asset Advisors Inc. NY grew its position in Harley-Davidson by 8.0% during the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock worth $10,139,000 after buying an additional 13,897 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Harley-Davidson during the first quarter worth approximately $257,000. Thompson Investment Management Inc. grew its position in Harley-Davidson by 0.9% during the second quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock worth $4,238,000 after buying an additional 686 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in Harley-Davidson during the second quarter worth approximately $3,059,000. Finally, SeaBridge Investment Advisors LLC grew its position in Harley-Davidson by 31.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 121,818 shares of the company’s stock worth $6,581,000 after buying an additional 29,310 shares in the last quarter. Institutional investors own 91.04% 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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