Shares of Harley-Davidson Inc (NYSE:HOG) have been assigned a consensus rating of “Hold” from the twenty-five research firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $ 56.47.
A number of brokerages have issued reports on HOG. Sanford C. Bernstein lowered their target price on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $ 52.00 price target (down previously from $ 53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $ 50.00 price target (down previously from $ 52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. Finally, Royal Bank of Canada cut their target price on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 19th.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.59% on Monday, hitting $ 55.21. The company had a trading volume of 987,637 shares. The firm has a 50 day moving average of $ 58.36 and a 200-day moving average of $ 58.57. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm has a market capitalization of $ 9.72 billion, a P/E ratio of 15.74 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the firm posted $ 1.36 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson will post $ 3.76 EPS for the current year.
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 given a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.64%. Harley-Davidson’s payout ratio is 38.22%.
Several hedge funds have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. increased its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $ 178,000 after buying an additional 1,853 shares during the last quarter. Independent Advisor Alliance increased its stake in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $ 200,000 after buying an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. purchased a new stake in shares of Harley-Davidson during the first quarter valued at approximately $ 200,000. Stokes & Hubbell Capital Management LLC purchased a new stake in shares of Harley-Davidson during the first quarter valued at approximately $ 201,000. Finally, Cpcm LLC purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $ 203,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.
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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