Harley-Davidson Inc (NYSE:HOG) has received an average rating of “Hold” from the twenty-four brokerages that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $ 55.71.
A number of brokerages recently issued reports on HOG. Citigroup Inc reduced their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Zacks Investment Research cut Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Tuesday, December 6th. Morgan Stanley reiterated an “overweight” rating and issued a $ 59.00 price target (down from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Wedbush restated a “hold” rating and issued a $ 53.00 price objective (up from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Finally, Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.84% on Tuesday, reaching $ 60.50. The company’s stock had a trading volume of 2,951,485 shares. The stock has a market cap of $ 10.56 billion, a PE ratio of 15.80 and a beta of 0.88. The company’s 50 day moving average is $ 59.11 and its 200-day moving average is $ 57.27. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $ 0.31 by $ 0.04. The business had revenue of $ 1.11 billion for the quarter, compared to analyst estimates of $ 972.47 million. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm earned $ 0.22 EPS. On average, equities analysts predict that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Shareholders of record on Wednesday, February 15th were paid a $ 0.365 dividend. The ex-dividend date of this dividend was Monday, February 13th. This is an increase from Harley-Davidson’s previous quarterly dividend of $ 0.35. This represents a $ 1.46 annualized dividend and a yield of 2.41%. Harley-Davidson’s payout ratio is currently 38.22%.
In other Harley-Davidson news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the transaction, the director now directly owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock valued at $ 5,912,378 over the last three months. 0.99% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. boosted its position in shares of Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock valued at $ 101,000 after buying an additional 5 shares in the last quarter. Sandy Spring Bank boosted its position in shares of Harley-Davidson by 84.4% in the third quarter. Sandy Spring Bank now owns 1,956 shares of the company’s stock valued at $ 103,000 after buying an additional 895 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $ 178,000 after buying an additional 1,853 shares in the last quarter. Investment Counselors of Maryland LLC boosted its position in shares of Harley-Davidson by 9.9% in the third quarter. Investment Counselors of Maryland LLC now owns 3,485 shares of the company’s stock valued at $ 183,000 after buying an additional 315 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock valued at $ 201,000 after buying an additional 700 shares in the last quarter. 89.54% of the stock is owned by hedge funds and other institutional investors.
Harley-Davidson Company Profile
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.
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