Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 8,490,000 shares, a decline of 10.2% from the July 15th total of 9,450,000 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is currently 5.0 days.
Harley-Davidson Price Performance
Harley-Davidson stock traded down $0.35 during midday trading on Friday, hitting $36.51. The company's stock had a trading volume of 1,107,747 shares, compared to its average volume of 1,731,753. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44. The stock's 50-day moving average price is $34.57 and its 200-day moving average price is $36.65. Harley-Davidson has a 12 month low of $25.43 and a 12 month high of $44.16. The company has a market capitalization of $4.91 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.15 and a beta of 1.46.
Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The firm had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business earned $1.22 earnings per share. Harley-Davidson's revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts anticipate that Harley-Davidson will post 4.35 earnings per share for the current fiscal year.
Harley-Davidson announced that its board has initiated a stock buyback program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 19.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of equities analysts have commented on HOG shares. Robert W. Baird lifted their price objective on shares of Harley-Davidson from $40.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. BMO Capital Markets reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, April 26th. Morgan Stanley initiated coverage on shares of Harley-Davidson in a report on Tuesday, April 23rd. They set an "overweight" rating and a $50.00 price target for the company. Finally, Citigroup reduced their price target on shares of Harley-Davidson from $36.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, June 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Harley-Davidson currently has an average rating of "Moderate Buy" and an average target price of $45.14.
View Our Latest Research Report on Harley-Davidson
Institutional Trading of Harley-Davidson
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its holdings in Harley-Davidson by 95.0% during the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company's stock worth $29,000 after buying an additional 384 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Harley-Davidson during the 1st quarter worth about $39,000. Principal Securities Inc. purchased a new position in Harley-Davidson during the 4th quarter valued at about $38,000. Lindbrook Capital LLC grew its stake in Harley-Davidson by 66.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company's stock valued at $39,000 after acquiring an additional 423 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Harley-Davidson by 115.0% during the 4th quarter. Signaturefd LLC now owns 1,150 shares of the company's stock valued at $42,000 after acquiring an additional 615 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.
Harley-Davidson Company Profile
(Get Free Report)
Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.
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