|Bid||24.02 x 900|
|Ask||24.63 x 1100|
|Day's range||23.07 - 25.25|
|52-week range||14.31 - 40.89|
|Beta (5Y monthly)||1.45|
|PE ratio (TTM)||10.46|
|Earnings date||21 Jul 2020 - 27 Jul 2020|
|Forward dividend & yield||0.08 (0.34%)|
|Ex-dividend date||21 May 2020|
|1y target est||23.78|
Harley-Davidson Inc. is resuming production at its U.S. manufacturing plants after suspending production for about two months. The Milwaukee-based motorcycle company shut down production in March after an employee at its factory in Menomonee Falls, Wisconsin, tested positive for the coronavirus. Harley-Davidson also saw motorcycle sales drop in the economic fallout from COVID-19, the disease caused by the virus.
Shares of Harley-Davidson (NYSE: HOG) notched another trading gain on Thursday, its fifth up day out of the last six, as it rose almost 4% to close at $23.58 per share. The motorcycle maker's stock has surged 65% since hitting a low of $14.31 on March 23, and while the market itself has largely made strong gains since then, there is hope that new CEO Jochen Zeitz has the wherewithal to turn around Harley-Davidson's five-year sales decline by focusing more intently on the company's core business. While there was seemingly no specific news to cause Harley's stock to jump yet again, Barron's reported that Zeitz and CFO John Olin recently made open-market purchases of the bike maker's stock.
Shares of Harley-Davidson (NYSE: HOG) were rising 6.5% heading into midday trading Wednesday after The Wall Street Journal reported the motorcycle maker was planning to considerably reduce shipments to dealers as it restarts production. Harley has suffered through five years of falling sales, which former CEO Matt Levatitch sought to reverse by committing to developing hundreds of new models over the next decade at various price points, with many intended for foreign markets. Recently appointed CEO Jochen Zeitz has committed to a smaller lineup of bikes to be introduced with the start of the riding season, beginning next year.
The U.S. motorcycle maker, which closed its U.S. plants in March due to the coronavirus outbreak, may not ship any additional new motorcycles this year to about 70% of its 698 dealers in the country, the report said https://on.wsj.com/2Tn92JP. The company did not immediately respond to Reuters request for comment. Harley would reopen its plants in Wisconsin and Pennsylvania and accelerate production in phases that would be limited to bestselling models and palette of colors and without customizable features for the rest of the year, the report said.
The trio of developments apparently gave investors cause to believe consumers might begin shelling out big bucks for expensive motorcycles again. Harley-Davidson investors have some reason to believe new CEO Jochen Zeitz can lead the motorcycle maker's turnaround. While he hasn't provided much detail on where he was taking the company, hints suggest the turnaround plan would point the company in a better direction than it was heading.
Susquehanna analyst Sam Poser reiterated a Hold rating on Wolverine World Wide (NYSE:WWW) on Wednesday, setting a price target of $18, which is approximately 3.69% below the present share price of $18.69.
You've got to hand it to Federal Reserve Chairman Jerome Powell -- this guy really knows how to spook a stock market. On Wednesday, the Fed chair warned investors, who have been hoping -- planning even -- on a V-shaped recovery from the recession just as soon as the COVID-19 shutdown is over, that they may have to wait a bit longer for things to improve. "Recovery may take some time to gather momentum," warned Powell, and while that's happening, "the passage of time can turn liquidity problems into solvency problems."
As Harley-Davidson rounds year one on its electric debut, we’re still riding in the fog on how to evaluate the company’s EV pivot. The American symbol of gas, chrome and steel released its first production electric motorcycle, the LiveWire, last fall. The $29,799 machine leads a future line-up of EVs planned by Harley-Davidson — spanning motorcycles, bicycles and scooters.
Shares of Harley-Davidson (NYSE: HOG) were down 6% in morning trading Monday as the stock indexes opened lower following gains last week. There was no news specific to the motorcycle maker, but it had benefited from a minor rally last week following the permanent appointment of Jochen Zeitz to the positions of president and CEO. The market may be realizing Harley-Davidson still faces a substantial uphill battle, regardless of who is running the show.
Harley-Davidson (NYSE: HOG) continues to benefit from the goodwill surrounding the permanent appointment of Jochen Zeitz as president and CEO. Because Zeitz is seen as a turnaround specialist, investors may be seeing Harley-Davidson as more likely now to reverse its secular decline. Zeitz was reportedly a driving force behind the bike maker's LiveWire electric motorcycle.
Shares of Harley, which were down 47% this year as of last close, rose 5% to $20.6 in morning trade. Zeitz, a former CEO hailed for turning around German footwear brand Puma's near-bankrupt business, is known to have led a push for sustainability at Harley and was a force behind Harley's LiveWire, the company's first electric bike. The company said Zeitz, who joined the Harley board in 2007, will continue to serve as the board chairman.
Harley-Davidson, Inc. ("Harley-Davidson") (HOG) today announced that Jochen Zeitz has been appointed President and Chief Executive Officer (CEO), effective immediately. Zeitz has served as Acting President and CEO since February 2020. Zeitz will continue to serve as Chairman of the Board.
Shares of Harley-Davidson (NYSE: HOG) jumped 15.3% in April, according to data provided by S&P Global Market Intelligence, though it wasn't nearly enough to make up for the 38% skid the motorcycle maker went into in March. Younger consumers aren't looking to buy the heavy, chrome-laden motorcycles Harley produces, even when they are in the market for a bike. Harley-Davidson's first-quarter earnings report showed a disastrous 15% plunge in U.S. sales, but there was a glimmer of hope contained in the report as the motorcycle company said sales had actually been up almost 7% prior to the COVID-19 outbreak.
One week after Harley-Davidson's (NYSE: HOG) Q1 2020 earnings report sent the stock soaring 15% in a day, shares of the motorcycle maker are accelerating once again on the back of an analyst upgrade based largely on that earnings report. As of 12:15 p.m. EDT on Tuesday, Harley-Davidson stock was up 6.2%. This morning, equity research firm Argus announced it is upgrading Harley stock from hold to buy, with a $30 price target, StreetInsider.com reported.
While Tesla (TSLA), Harley Davidson (HOG) and Cummins (CMI), among others, manage to deliver Q1 earnings beat, Ford (F) posts wider-than-expected loss.
One day after Harley-Davidson (NYSE: HOG) stock dropped 7% in an apparent bout of investor profit-taking, shares of the motorcycle manufacturer are down again -- and again, down 7% -- in Friday trading as of 1 p.m. EDT. Maybe we should ask Wolfe Research that question. As far as I can tell, the only thing shaking with Harley-Davidson stock today, news-wise, is a short note indicating that the company held a conference call with Wolfe Research this morning.
Shares of Harley-Davidson (NYSE: HOG) were pulling back almost 7% in morning trading Thursday after a two-day run following its earnings report that saw the stock rise by more than 30%. After the motorcycle maker saw its stock lose nearly two-thirds of its value in just the last five months, as sales showed no sign of reversing their decline, investors might be taking some profits. The stock had been trading at lows it had not seen since the Great Recession of the last decade, so the surge in value let investors lock in gains.
Shares of Harley-Davidson (NYSE: HOG) were riding their second straight day of double-digit gains on Wednesday after reporting earnings that beat analyst expectations. The Bronx streetfighter is one of the new class of motorcycles Harley-Davidson is looking to turn its business around. The quarter was actually yet another disastrous one as the COVID-19 pandemic caused motorcycle sales to virtually disappear overnight.
First-quarter motorcycle sales for Harley-Davidson (NYSE: HOG) were as terrible as you'd expect, plunging 18% worldwide from the year-ago quarter and down more than 15% in the U.S. It doesn't bode well for Harley-Davidson's second quarter, which is typically its biggest sales period, and perhaps for several quarters to come. Harley-Davidson's revenue fell almost 6% to $1.3 billion in the first quarter while net income plunged 45% year over year to $69.7 million, or $0.45 per share, as the COVID-19 outbreak sapped sales globally.