Harley-Davidson, Walgreens Tumble into Tuesday's 52-Week Low Club

Gladys Abbott
October 18, 2017

Analysts believe that we could see stock price minimum in the $43 range (lowest target price), allowing for another -7.67% drop from its current position. "Also, its shares have underperformed in the industry it belongs to, in the last six months".

Harley-Davidson, Inc.is the parent firm for the groups of companies doing business as Harley-Davidson Motor Company and Harley-Davidson Financial Services (HDFS). An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital. "Additionally, the company is focused on geographical and product expansion as well as increasing shareholder returns". (NYSE:HOG) by 75.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).

07/14/2017 - Harley-Davidson, Inc. had its "market perform" rating reiterated by analysts at Sanford C. Bernstein. Tigress Financial reissued a buy rating on shares of Harley-Davidson in a report on Friday, July 21st. BidaskClub downgraded Harley-Davidson from a "hold" rating to a "sell" rating in a report on Wednesday, July 12th. Harley-Davidson has a consensus rating of "Hold" and an average price target of $52.38. Ahl Prns Llp has invested 0.03% in Harley-Davidson Inc (NYSE:HOG). 2,703,812 shares of the company traded hands. Harley-Davidson, Inc. (NYSE:HOG) shares have been recently spotted -26.46% away from the 52-week high, and 2.41% away from the 52-week low mark. The volume of EXPR witnessed a shift from 2.89 million shares, based on a 50-day average, to 2.52 million shares.

Harley-Davidson Inc.'s Chief Executive Matt Levatich says the motorcycle company trained more than 19,000 riders in the third quarter, bringing the total for the year-to-date to 51,000. The dividend payment was $0.365 per share for the quarter which is $1.46 annualized. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. It last reported revenues of $1.58 billion and EPS of $1.48 for the June 2017, representing -6% top-line growth and 1.55 EPS growth. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.43.

During the quarter, revenues from Harley-Davidson motorcycles fell 17.2% to $653.3 million.

BMO Capital Markets reaffirmed their buy rating on shares of Harley-Davidson, Inc.

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WARNING: This article was first posted by BBNS and is the property of of BBNS. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & worldwide trademark and copyright laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/harley-davidson-inc-hog-lowered-to-sell-at-zacks-investment-research/1710380.html. The company declared a dividend which was paid on Friday the 22nd of September 2017. Finally, UBS AG reiterated a "hold" rating and issued a $47.00 target price on shares of Harley-Davidson in a report on Wednesday, September 13th. The Company dividend yield observed at 3.14%.

Since May 22, 2017, it had 1 insider buy, and 1 sale for $11 activity. Harley-Davidson's payout ratio is 42.44%.

In related news, insider Lawrence G. Hund sold 15,013 shares of the business's stock in a transaction that occurred on Wednesday, August 30th. Checking in on some other technical levels, the 14-day RSI is now at 84.55.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company.

Harley-Davidson had cash and cash equivalents of $683.1 million as of Sep 24, 2017 compared with $790.3 million as of Sep 25, 2016. Geneva Advisors LLC increased its position in shares of Harley-Davidson by 5.4% during the second quarter. This was lower than $114.07 million, or $0.64 per share, in last year's third quarter. SeaBridge Investment Advisors LLC now owns 121,818 shares of the company's stock valued at $6,581,000 after acquiring an additional 29,310 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in shares of Harley-Davidson by 2.5% in the 2nd quarter.

The options market is pricing in a daily post-earnings move of 10.1% for HOG, almost double its average after-earnings move of 5.2% over the past eight quarters.

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