Harley-Davidson (NYSE:HOG) had its price objective decreased by research analysts at Wells Fargo & Co from $59.00 to $53.00 in a research note issued to investors on Thursday, February 1st. The brokerage currently has an “outperform” rating on the stock. Wells Fargo & Co’s price objective suggests a potential upside of 10.69% from the company’s previous close.
HOG has been the subject of several other research reports. Goldman Sachs Group downgraded Harley-Davidson to a “hold” rating and set a $43.00 price target for the company. in a research report on Wednesday, January 3rd. Stifel Nicolaus raised their price objective on Harley-Davidson from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Wednesday, October 18th. Wedbush raised their price objective on Harley-Davidson from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, December 7th. Zacks Investment Research cut Harley-Davidson from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $56.00 target price on shares of Harley-Davidson in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and an average target price of $52.00.
Shares of Harley-Davidson (NYSE HOG) traded up $0.05 during midday trading on Thursday, hitting $47.88. The company had a trading volume of 137,524 shares, compared to its average volume of 3,267,853. The firm has a market cap of $8,049.56, a PE ratio of 16.05, a PEG ratio of 1.60 and a beta of 0.84. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49. Harley-Davidson has a 1 year low of $44.52 and a 1 year high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. research analysts forecast that Harley-Davidson will post 3.75 EPS for the current year.
Harley-Davidson announced that its Board of Directors has initiated a share buyback program on Monday, February 5th that allows the company to repurchase 15,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
In related news, VP Paul J. Jones sold 870 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $47.62, for a total value of $41,429.40. Following the completion of the sale, the vice president now directly owns 3,399 shares in the company, valued at $161,860.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in HOG. Independent Franchise Partners LLP raised its position in shares of Harley-Davidson by 53.3% during the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after buying an additional 2,815,749 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Harley-Davidson by 27.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,049,825 shares of the company’s stock valued at $206,054,000 after buying an additional 866,348 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Harley-Davidson by 31.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,000,400 shares of the company’s stock valued at $96,439,000 after buying an additional 482,900 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Harley-Davidson by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,227,385 shares of the company’s stock valued at $59,177,000 after buying an additional 12,203 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Harley-Davidson by 3.9% during the third quarter. Great West Life Assurance Co. Can now owns 1,217,442 shares of the company’s stock valued at $59,557,000 after buying an additional 45,940 shares during the last quarter. Institutional investors own 97.26% of the company’s stock.
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.
Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.