Aegis initiated coverage on shares of Harley-Davidson, Inc. (NYSE:HOG) in a research note issued to investors on Monday morning. The firm issued a hold rating and a $49.00 price target on the stock.

HOG has been the subject of several other research reports. BidaskClub raised Harley-Davidson from a hold rating to a buy rating in a research report on Friday, June 23rd. Jefferies Group LLC reissued a hold rating and set a $49.00 price objective on shares of Harley-Davidson in a research report on Tuesday, July 4th. UBS AG reissued a neutral rating and set a $57.00 price objective on shares of Harley-Davidson in a research report on Monday, June 26th. Tigress Financial reissued a buy rating on shares of Harley-Davidson in a research report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $51.00 price objective (down previously from $53.00) on shares of Harley-Davidson in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $54.26.

Shares of Harley-Davidson (HOG) opened at 47.06 on Monday. Harley-Davidson has a 12 month low of $46.00 and a 12 month high of $63.40. The company has a market cap of $8.21 billion, a P/E ratio of 13.78 and a beta of 0.84. The stock’s 50 day moving average is $48.77 and its 200 day moving average is $54.73.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.38 by $0.10. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 earnings per share. On average, analysts anticipate that Harley-Davidson will post $3.39 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in Harley-Davidson by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock valued at $384,000 after buying an additional 66 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock worth $232,000 after buying an additional 72 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after buying an additional 100 shares in the last quarter. Annex Advisory Services LLC increased its stake in Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after buying an additional 102 shares in the last quarter. Finally, First Business Financial Services Inc. increased its stake in Harley-Davidson by 1.2% in the first quarter. First Business Financial Services Inc. now owns 8,907 shares of the company’s stock worth $539,000 after buying an additional 107 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.

About Harley-Davidson

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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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