Wedbush set a $35.00 price objective on Harley-Davidson (NYSE:HOG) in a research note published on Friday, TipRanks reports. The firm currently has a hold rating on the stock.
Several other analysts have also commented on the company. Goldman Sachs Group set a $131.00 price target on Microsoft and gave the company a buy rating in a research note on Wednesday, April 24th. Wells Fargo & Co set a $27.00 price target on Univar and gave the company a buy rating in a research note on Monday, April 8th. Zacks Investment Research raised Green Brick Partners from a sell rating to a hold rating in a research note on Wednesday, April 10th. Morgan Stanley reaffirmed an equal weight rating and issued a GBX 250 ($3.27) price target on shares of BT Group in a research note on Tuesday, April 30th. Finally, Northcoast Research reissued a hold rating on shares of Harley-Davidson in a research note on Tuesday, June 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $41.69.
HOG opened at $36.39 on Friday. The company has a market capitalization of $5.83 billion, a PE ratio of 9.63, a PEG ratio of 1.21 and a beta of 1.21. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 2.66. Harley-Davidson has a 1 year low of $31.36 and a 1 year high of $46.22. The company’s 50 day moving average price is $35.14.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.12. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. Harley-Davidson’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. Analysts anticipate that Harley-Davidson will post 3.78 earnings per share for the current year.
In other Harley-Davidson news, Director Jochen Zeitz sold 2,227 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $33.05, for a total value of $73,602.35. Following the completion of the sale, the director now directly owns 1 shares in the company, valued at $33.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Harley-Davidson by 31.0% in the first quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock worth $507,463,000 after acquiring an additional 3,367,376 shares in the last quarter. LSV Asset Management boosted its position in shares of Harley-Davidson by 2.1% during the first quarter. LSV Asset Management now owns 4,080,311 shares of the company’s stock worth $145,503,000 after buying an additional 85,495 shares during the period. Beutel Goodman & Co Ltd. boosted its position in shares of Harley-Davidson by 2.5% during the first quarter. Beutel Goodman & Co Ltd. now owns 3,937,138 shares of the company’s stock worth $105,060,000 after buying an additional 95,538 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Harley-Davidson by 44.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock worth $84,394,000 after buying an additional 762,573 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Harley-Davidson by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 2,426,455 shares of the company’s stock worth $82,664,000 after buying an additional 136,387 shares during the period. Institutional investors own 91.59% of the company’s stock.
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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