Sandler O’Neill cut shares of Harley-Davidson, Inc. (NYSE:HOG) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday, July 12th. Sandler O’Neill currently has $55.00 price objective on the stock, down from their previous price objective of $62.00.

A number of other research analysts also recently commented on the company. Sanford C. Bernstein downgraded Harley-Davidson from an outperform rating to a market perform rating and set a $55.00 price target for the company. in a report on Wednesday, July 12th. ValuEngine raised Harley-Davidson from a hold rating to a buy rating in a report on Friday, July 7th. Zacks Investment Research upgraded Harley-Davidson from a sell rating to a hold rating in a research note on Friday, July 7th. Jefferies Group LLC restated a hold rating and set a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. Finally, BidaskClub cut Harley-Davidson from a buy rating to a hold rating in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $54.83.

Shares of Harley-Davidson (NYSE HOG) opened at 48.06 on Wednesday. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 14.07 and a beta of 0.84. The stock’s 50 day moving average price is $52.26 and its 200 day moving average price is $56.05. Harley-Davidson has a 12 month low of $46.00 and a 12 month high of $63.40.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. Harley-Davidson’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 earnings per share. Equities research analysts predict that Harley-Davidson will post $3.39 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. Leavell Investment Management Inc. raised its stake in Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $335,000 after buying an additional 34 shares in the last quarter. Fulton Bank N.A. raised its stake in Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock valued at $561,000 after buying an additional 38 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after buying an additional 72 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after buying an additional 100 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after buying an additional 102 shares during the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.

About Harley-Davidson

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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