Harley-Davidson Inc (HOG) was Initiated by Jefferies to “Hold” and the brokerage firm has set the Price Target at $49. Jefferies advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on Harley-Davidson Inc. Harley-Davidson Inc was Downgraded by Longbow to ” Underperform” on Aug 29, 2016. Barclays Downgraded Harley-Davidson Inc on Aug 1, 2016 to ” Underweight”, Price Target of the shares are set at $45.Harley-Davidson Inc was Downgraded by Wells Fargo to ” Market Perform” on Jul 29, 2016.
On the company’s financial health, Harley-Davidson Inc reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.53. The company had revenue of $1670.00 million for the quarter, compared to analysts expectations of $1662.99 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.
Harley-Davidson Inc opened for trading at $51.72 and hit $52.3 on the upside on Tuesday, eventually ending the session at $52.14, with a gain of 0.87% or 0.45 points. The heightened volatility saw the trading volume jump to 11,16,543 shares. Company has a market cap of $9,322 M.
In a different news, on Aug 23, 2016, Paul J Jones (VP & Chief Legal Officer) sold 2,517 shares at $54.03 per share price. According to the SEC, on Aug 8, 2016, Lawrence G Hund (President-HDFS) sold 12,537 shares at $53.23 per share price. On Aug 2, 2016, Jochen Zeitz (director) sold 2,230 shares at $52.85 per share price, according to the Form-4 filing with the securities and exchange commission.
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) segment and the Financial Services segment. The Motorcycles segment consists of HDMC which designs manufactures and sells street-legal Harley-Davidson motorcycles as well as a line of motorcycle parts accessories general merchandise and related services. The Company’s products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS which provides wholesale and retail financing and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world including in North America Europe the Middle East and Africa (EMEA); Asia-Pacific and Latin America.