Harley-Davidson’s (HOG) “Hold” Rating Reiterated at Stifel Nicolaus

Harley-Davidson (NYSE:HOG)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $54.00 price target on the stock, up from their previous price target of $49.00. Stifel Nicolaus’ target price suggests a potential upside of 1.89% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Wedbush cut their price objective on Harley-Davidson to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. TheStreet cut Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Tuesday, October 17th. Goldman Sachs Group cut Harley-Davidson to a “hold” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, January 3rd. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.12.

Harley-Davidson (HOG) traded up $0.66 during trading on Wednesday, reaching $53.00. The company’s stock had a trading volume of 1,616,087 shares, compared to its average volume of 2,702,846. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. The company has a market cap of $8,920.00, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96. Harley-Davidson has a fifty-two week low of $44.52 and a fifty-two week high of $63.40.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $962.10 million for the quarter, compared to analysts’ expectations of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business’s revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. equities analysts forecast that Harley-Davidson will post 3.42 EPS for the current year.

In other news, insider Lawrence G. Hund sold 8,660 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total value of $405,980.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jochen Zeitz sold 1,859 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $88,860.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,966 shares of company stock worth $1,435,298. Insiders own 0.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Capital Research Global Investors lifted its position in Harley-Davidson by 605.1% in the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after acquiring an additional 14,359,571 shares in the last quarter. Independent Franchise Partners LLP lifted its position in Harley-Davidson by 53.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after acquiring an additional 2,815,749 shares in the last quarter. Janus Henderson Group PLC lifted its position in Harley-Davidson by 2,910.0% in the 2nd quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after acquiring an additional 541,280 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Harley-Davidson by 18.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock valued at $153,476,000 after acquiring an additional 488,628 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Harley-Davidson by 31.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,000,400 shares of the company’s stock valued at $96,439,000 after acquiring an additional 482,900 shares in the last quarter. 97.18% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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