Harley-Davidson Inc (NYSE:HOG) has been assigned a consensus recommendation of “Hold” from the twenty-five research firms that are covering the stock. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $ 56.47.
A number of equities research analysts recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $ 49.00 target price on shares of Harley-Davidson in a report on Thursday, April 6th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 target price on shares of Harley-Davidson in a report on Tuesday, April 18th. Sanford C. Bernstein decreased their target price on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a report on Friday, April 21st. UBS Group AG reissued a “neutral” rating and issued a $ 57.00 price target on shares of Harley-Davidson in a report on Monday, April 17th. Finally, Royal Bank of Canada decreased their price target on Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a report on Wednesday, April 19th.
In related news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the sale, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.99% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Dodge & Cox bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $ 517,798,000. Independent Franchise Partners LLP boosted its stake 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 valued at $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp boosted its stake in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares during the last quarter. LSV Asset Management boosted its stake in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock valued at $ 242,267,000 after buying an additional 80,843 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Harley-Davidson by 4.3% in the first quarter. Wellington Management Group LLP now owns 3,480,613 shares of the company’s stock valued at $ 210,576,000 after buying an additional 144,255 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.
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Harley-Davidson (NYSE:HOG) traded down 2.13% during trading on Monday, hitting $ 55.54. 1,471,205 shares of the stock traded hands. The company has a market cap of $ 9.78 billion, a P/E ratio of 15.84 and a beta of 0.88. The firm has a 50-day moving average price of $ 58.76 and a 200 day moving average price of $ 58.62. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the previous year, the firm earned $ 1.36 earnings per share. The company’s revenue was down 15.7% on a year-over-year basis. On average, equities analysts expect that Harley-Davidson will post $ 3.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
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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