Barclays PLC reiterated their equal weight rating on shares of Harley-Davidson Inc (NYSE:HOG) in a report published on Friday, April 21st. Barclays PLC currently has a $ 52.00 price objective on the stock, down from their prior price objective of $ 53.00.
Several other analysts also recently weighed in on the company. Deutsche Bank AG reissued a hold rating and issued a $ 50.00 target price (down from $ 52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Tigress Financial reissued a buy rating on shares of Harley-Davidson in a research note on Thursday, April 20th. Royal Bank of Canada lowered their target price on Harley-Davidson from $ 60.00 to $ 57.00 and set a sector perform rating for the company in a research note on Wednesday, April 19th. Wedbush lowered their target price on Harley-Davidson from $ 55.00 to $ 53.00 and set a neutral rating for the company in a research note on Wednesday, April 19th. Finally, Goldman Sachs Group Inc reissued a neutral rating and issued a $ 54.00 target price on shares of Harley-Davidson in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $ 56.12.
Harley-Davidson (NYSE:HOG) opened at 52.62 on Friday. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The stock has a 50 day moving average of $ 57.32 and a 200 day moving average of $ 58.46. The company has a market cap of $ 9.26 billion, a PE ratio of 15.00 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced 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. The company had revenue of $ 1.33 billion during 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%. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $ 1.36 EPS. On average, analysts anticipate that Harley-Davidson will post $ 3.76 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is presently 38.22%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its stake in Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock valued at $ 302,000 after buying an additional 20 shares during the period. Concert Wealth Management Inc. increased its position in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $ 261,000 after buying an additional 28 shares during the period. Leavell Investment Management Inc. increased its position in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock worth $ 335,000 after buying an additional 34 shares during the last quarter. Fulton Bank N.A. increased its position in shares of Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $ 561,000 after buying an additional 38 shares during the last quarter. Finally, First Business Financial Services Inc. increased its position in shares of Harley-Davidson by 1.2% in the first quarter. First Business Financial Services Inc. now owns 8,907 shares of the company’s stock worth $ 539,000 after buying an additional 107 shares during the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
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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