Harley-Davidson (NYSE:HOG) had its price target reduced by Stifel Nicolaus from $49.00 to $45.00 in a report issued on Friday, MarketBeat.com reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 6.64% from the stock’s current price.
HOG has been the subject of several other reports. Longbow Research downgraded Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Wedbush set a $44.00 target price on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Wednesday. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Wells Fargo raised shares of Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 target price for the company in a research note on Monday, January 22nd. Finally, Goldman Sachs cut shares of Harley-Davidson to a “hold” rating and set a $43.00 target price for the company. in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $50.94.
Shares of Harley-Davidson stock opened at $42.20 on Friday. 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 has a 1 year low of $41.33 and a 1 year high of $60.18. The company has a market cap of $7,096.95, a P/E ratio of 12.06, a P/E/G ratio of 1.40 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $0.27 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. analysts forecast that Harley-Davidson will post 3.76 EPS for the current fiscal year.
Harley-Davidson announced that its Board of Directors has initiated a stock buyback plan on Monday, February 5th that authorizes the company to buyback 15,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
In other news, VP Paul J. Jones sold 870 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $47.62, for a total transaction of $41,429.40. Following the completion of the sale, the vice president now directly owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Tchernavia Rocker sold 1,401 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at $166,000. IFG Advisory LLC purchased a new stake in shares of Harley-Davidson during the 4th quarter valued at $239,000. Dynamic Capital Management Ltd purchased a new stake in shares of Harley-Davidson during the 4th quarter valued at $255,000. Sciencast Management LP purchased a new stake in shares of Harley-Davidson during the 4th quarter valued at $266,000. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at $280,000. 95.87% of the stock is owned by institutional investors.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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