The Harley-Davidson, Inc. (HOG) Receives “Hold” Rating from Argus

A number of other analysts have also commented on HOG. RBC Capital Markets upgraded shares of Harley-Davidson from an underperform rating to a sector perform rating and boosted their price target for the company from $ 46.00 to $ 57.00 in a research note on Tuesday, November 15th. Royal Bank Of Canada upgraded shares of Harley-Davidson from an underperform rating to a sector perform rating and upped their target price for the stock from $ 46.00 to $ 57.00 in a research note on Tuesday, November 15th. Barclays PLC reiterated an underweight rating and issued a $ 53.00 target price (up previously from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Zacks Investment Research lowered shares of Harley-Davidson from a hold rating to a sell rating in a research note on Wednesday, December 21st. Finally, Wunderlich reiterated a hold rating and issued a $ 52.00 target price on shares of Harley-Davidson in a research note on Tuesday, October 18th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company. Harley-Davidson currently has an average rating of Hold and a consensus price target of $ 55.05.

Argus reiterated their hold rating on shares of Harley-Davidson, Inc. (NYSE:HOG) in a report published on Friday morning.

Harley-Davidson (NYSE:HOG) traded up 1.320% during trading on Friday, reaching $ 57.195. 972,925 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $ 58.56 and its 200 day moving average price is $ 55.46. Harley-Davidson has a 52-week low of $ 36.97 and a 52-week high of $ 62.35. The firm has a market cap of $ 10.10 billion, a P/E ratio of 14.933 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm earned $ 1.11 billion during the quarter, compared to the consensus estimate of $ 972.47 million. During the same period in the prior year, the business earned $ 0.22 earnings per share. Harley-Davidson’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts anticipate that Harley-Davidson will post $ 3.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Wednesday, February 15th will be given a dividend of $ 0.365 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $ 0.35. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Monday, February 13th. Harley-Davidson’s dividend payout ratio (DPR) is presently 36.65%.

In other Harley-Davidson news, VP Joanne M. Bischmann sold 5,037 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $ 60.00, for a total transaction of $ 302,220.00. Following the transaction, the vice president now directly owns 6,771 shares in the company, valued at $ 406,260. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lawrence G. Hund sold 28,271 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $ 60.00, for a total transaction of $ 1,696,260.00. Following the transaction, the insider now owns 25,438 shares in the company, valued at $ 1,526,280. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HOG. Bronfman E.L. Rothschild L.P. raised its stake in 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 worth $ 101,000 after buying an additional 5 shares during the period. Sandy Spring Bank raised its stake in Harley-Davidson by 84.4% in the third quarter. Sandy Spring Bank now owns 1,956 shares of the company’s stock worth $ 103,000 after buying an additional 895 shares during the period. Tower Research Capital LLC TRC raised its stake in Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock worth $ 141,000 after buying an additional 2,417 shares during the period. Pacer Advisors Inc. raised its stake in Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock worth $ 164,000 after buying an additional 247 shares during the period. Finally, Tredje AP fonden raised its stake in Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock worth $ 174,000 after buying an additional 3,590 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

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 l Harley-Davidson motorcycles, as well as a line of 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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