Harley-Davidson (NYSE:HOG)‘s stock had its “hold” rating reaffirmed by investment analysts at KeyCorp in a research report issued on Friday, TipRanks reports.
Several other equities research analysts also recently issued reports on HOG. Wells Fargo & Co set a $27.00 price target on Univar and gave the stock a “buy” rating in a report on Monday, April 8th. Wedbush set a $30.00 price objective on Redfin and gave the stock a “buy” rating in a research report on Friday, July 12th. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Northcoast Research reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Tuesday, June 4th. Finally, Morgan Stanley reissued an “equal weight” rating and set a GBX 250 ($3.27) price target on shares of BT Group in a research report on Tuesday, April 30th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.69.
NYSE HOG traded up $2.20 on Friday, reaching $36.48. The company had a trading volume of 6,849,581 shares, compared to its average volume of 2,083,503. The company has a 50 day moving average of $35.44. The company has a market capitalization of $5.54 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.05 and a current ratio of 1.22. Harley-Davidson has a 52 week low of $31.36 and a 52 week high of $46.22.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.04. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities research analysts predict that Harley-Davidson will post 3.77 earnings per share for the current fiscal year.
In other news, Director Jochen Zeitz sold 2,227 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $33.05, for a total transaction of $73,602.35. Following the transaction, the director now owns 1 shares in the company, valued at $33.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Harley-Davidson by 31.0% during the 1st 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 during the period. LSV Asset Management increased its stake in Harley-Davidson by 2.1% during the 1st quarter. LSV Asset Management now owns 4,080,311 shares of the company’s stock worth $145,503,000 after acquiring an additional 85,495 shares during the period. Beutel Goodman & Co Ltd. increased its stake in Harley-Davidson by 2.5% during the 1st quarter. Beutel Goodman & Co Ltd. now owns 3,937,138 shares of the company’s stock worth $105,060,000 after acquiring an additional 95,538 shares during the period. Dimensional Fund Advisors LP increased its stake in Harley-Davidson by 44.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock worth $84,394,000 after acquiring an additional 762,573 shares during the period. Finally, Geode Capital Management LLC increased its stake in Harley-Davidson by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 2,426,455 shares of the company’s stock worth $82,664,000 after acquiring an additional 136,387 shares during the period. Hedge funds and other institutional investors own 91.60% 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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