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.
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%.
TRADEMARK VIOLATION WARNING: This report was first posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://transcriptdaily.com/2017/05/23/harley-davidson-inc-hog-rating-reiterated-by-tigress-financial-updated.html.
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.
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.
Receive News & Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related companies with MarketBeat.com’s FREE daily email newsletter.