Harley-Davidson Inc (HOG) Earns Buy Rating from Tigress Financial

Harley-Davidson Inc (NYSE:HOG)‘s stock had its “buy” rating restated by investment analysts at Tigress Financial in a note issued to investors on Thursday, April 20th.

HOG has been the subject of several other research reports. Citigroup Inc reduced their price target on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Morgan Stanley restated an “overweight” rating and issued a $ 59.00 price target (down previously from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Wedbush restated a “hold” rating and issued a $ 53.00 price target (up previously from $ 48.00) on shares of Harley-Davidson in a research report on Friday, January 13th. Royal Bank of Canada upped their price target on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 5th. Finally, Goldman Sachs Group Inc restated a “neutral” rating and issued a $ 55.00 price target (down previously from $ 57.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and an average target price of $ 56.12.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

Harley-Davidson (NYSE:HOG) traded up 0.12% during midday trading on Thursday, hitting $ 52.65. The company had a trading volume of 760,835 shares. The stock’s 50-day moving average price is $ 57.11 and its 200-day moving average price is $ 58.47. 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 $ 9.27 billion, a PE ratio of 15.01 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $ 1.36 EPS. On average, equities research analysts expect that Harley-Davidson will post $ 3.76 EPS for the current fiscal year.

The company also recently announced 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 dividend on an annualized basis and a yield of 2.76%. Harley-Davidson’s payout ratio is presently 38.22%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of HOG. Stratos Wealth Partners LTD. raised its position in 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. FMR LLC raised its stake in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Westpac Banking Corp raised its stake in Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock valued at $ 7,228,000 after buying an additional 18,840 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new stake in Harley-Davidson during the third quarter valued at about $ 4,591,000. Finally, Independent Franchise Partners LLP raised its stake in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.

About Harley-Davidson

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.

12 Month Chart for NYSE:HOG

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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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