Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday, April 20th. They presently have a $ 50.00 price objective on the stock, down from their prior price objective of $ 52.00. Deutsche Bank AG’s price target would indicate a potential downside of 11.06% from the stock’s previous close.
Several other analysts also recently issued reports on HOG. Royal Bank of Canada set a $ 58.00 price target on Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, February 1st. Citigroup Inc cut their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. Argus reissued a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Finally, Barclays PLC reissued an “underweight” rating and issued a $ 53.00 price target (up previously from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) opened at 56.22 on Thursday. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The stock has a market cap of $ 9.89 billion, a PE ratio of 16.03 and a beta of 0.88. The firm has a 50-day moving average price of $ 58.92 and a 200-day moving average price of $ 58.62.
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 consensus estimate of $ 1.02 by $ 0.03. The business 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 was down 15.7% on a year-over-year basis. During the same quarter last year, the business posted $ 1.36 EPS. On average, analysts forecast that Harley-Davidson will post $ 3.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors 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 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
In related news, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the transaction, the director now directly owns 5,523 shares in the company, valued at approximately $ 314,148.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.99% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Harley-Davidson by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 121,899 shares of the company’s stock worth $ 6,410,000 after buying an additional 5,659 shares during the last quarter. Todd Asset Management LLC boosted its position 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 worth $ 15,044,000 after buying an additional 19,206 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock worth $ 2,058,000 after buying an additional 665 shares during the last quarter. Independent Franchise Partners LLP boosted its position in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in shares of Harley-Davidson by 7.2% in the third quarter. State of Wisconsin Investment Board now owns 519,268 shares of the company’s stock worth $ 27,308,000 after buying an additional 35,100 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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