Equities researchers at DA Davidson initiated coverage on shares of Harley-Davidson (NYSE:HOG – Get Rating) in a research note issued on Thursday, The Fly reports. The brokerage set a “neutral” rating on the stock.
A number of other equities research analysts have also recently issued reports on HOG. BMO Capital Markets dropped their target price on shares of Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, April 28th. StockNews.com started coverage on shares of Harley-Davidson in a research report on Thursday, March 31st. They set a “hold” rating for the company. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a research report on Tuesday, May 17th. Wolfe Research reissued a “buy” rating and set a $45.00 price objective on shares of Harley-Davidson in a report on Friday, May 20th. Finally, TheStreet raised shares of Harley-Davidson from a “c+” rating to a “b” rating in a report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.07.
Shares of HOG stock traded up $0.22 during mid-day trading on Thursday, reaching $31.66. The company’s stock had a trading volume of 1,877,575 shares, compared to its average volume of 1,965,088. Harley-Davidson has a 1-year low of $29.80 and a 1-year high of $47.51. The company has a market cap of $4.67 billion, a P/E ratio of 7.97, a PEG ratio of 0.88 and a beta of 1.30. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.12 and a current ratio of 1.34. The firm’s 50-day moving average is $34.82 and its two-hundred day moving average is $37.09.
Harley-Davidson (NYSE:HOG – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.07). Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Harley-Davidson will post 4.18 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its stake in Harley-Davidson by 4.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,591 shares of the company’s stock worth $248,000 after acquiring an additional 262 shares during the last quarter. Synovus Financial Corp boosted its stake in Harley-Davidson by 1.4% during the 4th quarter. Synovus Financial Corp now owns 19,603 shares of the company’s stock worth $743,000 after acquiring an additional 267 shares during the last quarter. Comerica Bank boosted its stake in Harley-Davidson by 0.4% during the 1st quarter. Comerica Bank now owns 71,883 shares of the company’s stock worth $2,964,000 after acquiring an additional 276 shares during the last quarter. Xponance Inc. boosted its stake in Harley-Davidson by 1.8% during the 1st quarter. Xponance Inc. now owns 17,363 shares of the company’s stock worth $684,000 after acquiring an additional 313 shares during the last quarter. Finally, Pacific Global Investment Management Co. boosted its stake in Harley-Davidson by 2.5% during the 1st quarter. Pacific Global Investment Management Co. now owns 13,650 shares of the company’s stock worth $538,000 after acquiring an additional 337 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Company Profile (Get Rating)
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
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