Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a note issued to investors on Friday, April 14th. They presently have a $ 63.00 price objective on the stock, up from their previous price objective of $ 58.00. Stifel Nicolaus’ target price would suggest a potential upside of 16.43% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Longbow Research raised shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. DA Davidson upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Finally, Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 57.00 price target on shares of Harley-Davidson in a report on Monday, December 19th. One investment 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded up 0.13% during mid-day trading on Friday, reaching $ 54.11. The company had a trading volume of 1,366,782 shares. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm has a 50-day moving average of $ 58.36 and a 200-day moving average of $ 58.57. The company has a market capitalization of $ 9.52 billion, a P/E ratio of 15.43 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period in the prior year, the firm earned $ 1.36 earnings per share. Harley-Davidson’s revenue was down 15.7% on a year-over-year basis. On average, equities analysts anticipate that Harley-Davidson will post $ 3.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is presently 38.22%.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Capital Management LLC increased its stake in shares of Harley-Davidson by 1.1% in the first quarter. Janus Capital Management LLC now owns 542,080 shares of the company’s stock valued at $ 32,796,000 after buying an additional 5,900 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Harley-Davidson by 121.7% in the first quarter. HighTower Advisors LLC now owns 12,106 shares of the company’s stock valued at $ 730,000 after buying an additional 6,646 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Harley-Davidson during the first quarter valued at approximately $ 257,000. AQR Capital Management LLC increased its stake in shares of Harley-Davidson by 5.4% in the first quarter. AQR Capital Management LLC now owns 36,569 shares of the company’s stock valued at $ 2,212,000 after buying an additional 1,882 shares during the last quarter. Finally, FOURPOINTS Investment Managers S.A.S. increased its stake in shares of Harley-Davidson by 14.9% in the first quarter. FOURPOINTS Investment Managers S.A.S. now owns 22,300 shares of the company’s stock valued at $ 1,394,000 after buying an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
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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