Boomers stock / short candidate , Harley heydays to an end?
The Analyst
KeyBanc Capital Markets analyst Brett Andress maintained a Sector Weight rating on Harley-Davidson.
The Thesis
By KeyBanc’s assessment, Harley-Davidson’s international growth continues to slow.
Countries accounting for 70 percent of the global market recorded a 19.2-percent decline in Harley registrations this January, Andress said in a Thursday note. Last year, registrations rose 19.1 percent over the same period.
“While one month does not make a trend, January declines in our monthly reporting countries came in worse than we anticipated, though compares do ease meaningfully in [February and March]," the analyst said.
The Asia-Pacific region saw broad-based drops for a second consecutive month, including a high-double-digit decline in India.
Latin America sales moderated — with particular weakness in Brazil — and Western Europe reported softness as the U.K. suffered pressure.
“Flowing monthly trends forward (and assuming sustained trends in quarterly-reporting countries) puts our index in the mid single-digit/high single-digit range for [the first quarter of 2019], implying HOG's reported international retail in the low single-digit/mid single-digit range," Andress said.
Harley-Davidson’s next quarterly report is slated for release April 23.
KeyBanc Capital Markets analyst Brett Andress maintained a Sector Weight rating on Harley-Davidson.
The Thesis
By KeyBanc’s assessment, Harley-Davidson’s international growth continues to slow.
Countries accounting for 70 percent of the global market recorded a 19.2-percent decline in Harley registrations this January, Andress said in a Thursday note. Last year, registrations rose 19.1 percent over the same period.
“While one month does not make a trend, January declines in our monthly reporting countries came in worse than we anticipated, though compares do ease meaningfully in [February and March]," the analyst said.
The Asia-Pacific region saw broad-based drops for a second consecutive month, including a high-double-digit decline in India.
Latin America sales moderated — with particular weakness in Brazil — and Western Europe reported softness as the U.K. suffered pressure.
“Flowing monthly trends forward (and assuming sustained trends in quarterly-reporting countries) puts our index in the mid single-digit/high single-digit range for [the first quarter of 2019], implying HOG's reported international retail in the low single-digit/mid single-digit range," Andress said.
Harley-Davidson’s next quarterly report is slated for release April 23.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.