Harley-Davidson (NYSE:HOG) had its price objective reduced by analysts at Citigroup from $57.00 to $55.00 in a research report issued on Tuesday, February 6th, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 16.62% from the company’s current price.
A number of other equities research analysts have also weighed in on the company. Wedbush lifted their target price on Harley-Davidson from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. Goldman Sachs Group lowered Harley-Davidson to a “hold” rating and set a $43.00 target price for the company. in a research report on Wednesday, January 3rd. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Friday, October 20th. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Tuesday, January 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.00.
Harley-Davidson (NYSE HOG) traded down $0.49 during midday trading on Tuesday, reaching $47.16. The company’s stock had a trading volume of 4,546,663 shares, compared to its average volume of 3,230,000. The stock has a market cap of $7,940.00, a PE ratio of 15.83, a PEG ratio of 1.59 and a beta of 0.84. Harley-Davidson has a fifty-two week low of $44.52 and a fifty-two week high of $63.40. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.23 and a quick ratio of 1.06.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. Harley-Davidson’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. equities analysts predict that Harley-Davidson will post 3.75 EPS for the current fiscal year.
Harley-Davidson declared that its Board of Directors has initiated a stock buyback plan on Monday, February 5th that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, VP Paul J. Jones sold 870 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $47.62, for a total value of $41,429.40. Following the completion of the transaction, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Tchernavia Rocker sold 1,401 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $47.74, for a total value of $66,883.74. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its holdings in Harley-Davidson by 11.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 25,591 shares of the company’s stock worth $1,233,000 after purchasing an additional 2,659 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in Harley-Davidson by 26.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 207,559 shares of the company’s stock worth $10,006,000 after purchasing an additional 42,983 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Harley-Davidson by 27.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,129,738 shares of the company’s stock worth $54,465,000 after purchasing an additional 245,139 shares during the period. Parthenon LLC raised its holdings in Harley-Davidson by 32.4% in the 3rd quarter. Parthenon LLC now owns 15,849 shares of the company’s stock worth $764,000 after purchasing an additional 3,875 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in Harley-Davidson in the 3rd quarter worth about $960,000. 97.26% of the stock is owned by institutional investors.
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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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