Harley-Davidson Inc. (HOG) Lifted to Sector Perform at RBC Capital Markets
RBC Capital Markets upgraded shares of Harley-Davidson Inc. (NYSE:HOG) from an underperform rating to a sector perform rating in a research note published on Tuesday morning. The firm currently has $57.00 target price on the stock, up from their previous target price of $46.00.
Several other research analysts have also weighed in on HOG. Vetr lowered Harley-Davidson from a hold rating to a sell rating and set a $48.67 price objective for the company. in a research report on Tuesday, July 26th. Royal Bank Of Canada lowered Harley-Davidson from a sector perform rating to an underperform rating and set a $43.00 target price for the company. in a research report on Friday, July 29th. Wells Fargo & Co. lowered Harley-Davidson from an outperform rating to a market perform rating in a research report on Friday, July 29th. Barclays PLC lowered Harley-Davidson from an equal weight rating to an underperform rating and decreased their target price for the company from $49.00 to $45.00 in a research report on Friday, July 29th. Finally, BMO Capital Markets raised Harley-Davidson from a market perform rating to an outperform rating and boosted their target price for the company from $54.00 to $66.00 in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $52.83.
Shares of Harley-Davidson (NYSE:HOG) opened at 58.10 on Tuesday. Harley-Davidson has a 1-year low of $36.36 and a 1-year high of $61.35. The firm has a 50-day moving average price of $54.62 and a 200 day moving average price of $50.49. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 15.56 and a beta of 0.96.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. Harley-Davidson had a return on equity of 35.49% and a net margin of 12.86%. The firm earned $1.27 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted $0.69 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.88 EPS for the current fiscal year.
In other Harley-Davidson news, insider Lawrence G. Hund sold 28,271 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.00, for a total transaction of $1,696,260.00. Following the completion of the sale, the insider now directly owns 25,438 shares in the company, valued at $1,526,280. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $56.13, for a total transaction of $5,613,000.00. Following the sale, the director now owns 5,523 shares of the company’s stock, valued at $310,005.99. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in Harley-Davidson by 46.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,702,359 shares of the company’s stock valued at $530,116,000 after buying an additional 3,703,199 shares during the last quarter. Dodge & Cox raised its stake in Harley-Davidson by 1.1% in the second quarter. Dodge & Cox now owns 9,425,983 shares of the company’s stock worth $426,997,000 after buying an additional 98,250 shares in the last quarter. Independent Franchise Partners LLP raised its stake in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $459,909,000 after buying an additional 127,052 shares in the last quarter. State Street Corp raised its stake in Harley-Davidson by 2.9% in the second quarter. State Street Corp now owns 8,274,099 shares of the company’s stock worth $374,834,000 after buying an additional 236,451 shares in the last quarter. Finally, Harris Associates L P raised its stake in Harley-Davidson by 163.3% in the second quarter. Harris Associates L P now owns 7,918,594 shares of the company’s stock worth $358,713,000 after buying an additional 4,911,620 shares in the last quarter. Institutional investors and hedge funds own 93.89% 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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
Receive News & Stock Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related stocks with our FREE daily email newsletter.