Harley-Davidson Inc (HOG) Rating Reiterated by Deutsche Bank AG

Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank AG in a research note issued on Thursday, April 20th. They presently have a $ 50.00 price target on the stock, down from their prior price target of $ 52.00. Deutsche Bank AG’s price target indicates a potential downside of 11.89% from the stock’s previous close.

A number of other brokerages have also weighed in on HOG. Citigroup Inc decreased their target price on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Morgan Stanley restated an “overweight” rating and issued a $ 59.00 target price (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 target price (up from $ 48.00) on shares of Harley-Davidson in a research note on Friday, January 13th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Finally, Royal Bank of Canada upped their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $ 56.12.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

Harley-Davidson (NYSE:HOG) traded down 1.875% during midday trading on Thursday, reaching $ 55.686. 549,340 shares of the company’s stock were exchanged. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The company has a 50 day moving average price of $ 58.76 and a 200 day moving average price of $ 58.62. The company has a market cap of $ 9.80 billion, a P/E ratio of 15.879 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the previous year, the company posted $ 1.36 EPS. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson will post $ 3.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.

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In related news, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the transaction, the director now owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.99% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. K.J. Harrison & Partners Inc acquired a new stake in Harley-Davidson during the third quarter worth approximately $ 1,010,000. Concert Wealth Management Inc. raised its stake in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in Harley-Davidson during the third quarter worth approximately $ 4,591,000. Great West Life Assurance Co. Can raised its stake in Harley-Davidson by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 718,229 shares of the company’s stock worth $ 37,759,000 after buying an additional 18,614 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Harley-Davidson by 19.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,290 shares of the company’s stock worth $ 1,908,000 after buying an additional 5,927 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.

About Harley-Davidson

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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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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