Harley-Davidson Inc (NYSE:HOG) has been given a consensus rating of “Hold” by the twenty-four analysts that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $ 56.47.
HOG has been the topic of several recent analyst reports. Citigroup Inc cut their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Morgan Stanley restated an “overweight” rating and set a $ 59.00 price objective (down previously from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Royal Bank of Canada boosted their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Finally, Goldman Sachs Group Inc restated a “neutral” rating and set a $ 55.00 price objective (down previously from $ 57.00) on shares of Harley-Davidson in a report on Wednesday, February 1st.
Large investors have recently made changes to their positions in the stock. Todd Asset Management LLC boosted its stake in shares of Harley-Davidson by 7.2% in the third quarter. Todd Asset Management LLC now owns 286,060 shares of the company’s stock valued at $ 15,044,000 after buying an additional 19,206 shares during the last quarter. Check Capital Management Inc. CA boosted its stake in shares of Harley-Davidson by 8.6% in the third quarter. Check Capital Management Inc. CA now owns 193,901 shares of the company’s stock worth $ 10,197,000 after buying an additional 15,404 shares during the last quarter. KLCM Advisors Inc. bought a new stake in shares of Harley-Davidson during the third quarter worth about $ 210,000. Principal Financial Group Inc. boosted its stake in shares of Harley-Davidson by 0.5% in the third quarter. Principal Financial Group Inc. now owns 279,963 shares of the company’s stock worth $ 14,723,000 after buying an additional 1,375 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Harley-Davidson by 63.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,254 shares of the company’s stock worth $ 1,959,000 after buying an additional 14,403 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The firm had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $ 1.36 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be paid a $ 0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.79%. Harley-Davidson’s payout ratio is 38.22%.
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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