Barclays PLC restated their equal weight rating on shares of Harley-Davidson Inc (NYSE:HOG) in a report published on Friday, April 21st. They currently have a $ 52.00 price objective on the stock, down from their previous price objective of $ 53.00.
A number of other research firms have also issued reports on HOG. Citigroup Inc reduced their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a buy rating on the stock in a research report on Monday, March 6th. Argus reissued a hold rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada raised their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a sector perform rating in a research report on Wednesday, April 5th. Deutsche Bank AG reissued a hold rating and set a $ 50.00 target price (down previously from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Stifel Nicolaus reissued a hold rating and set a $ 63.00 target price (up previously from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $ 56.12.
Harley-Davidson (NYSE:HOG) opened at 54.11 on Friday. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The firm has a 50-day moving average of $ 58.01 and a 200-day moving average of $ 58.57. The stock has a market cap of $ 9.52 billion, a PE ratio of 15.43 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last posted its quarterly 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. The company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $ 1.36 EPS. Analysts expect that Harley-Davidson will post $ 3.76 EPS for the current fiscal year.
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The firm also recently declared 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. This represents a $ 1.46 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. NN Investment Partners Holdings N.V. boosted its position in 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 period. Wayne Hummer Investments L.L.C. acquired a new position in Harley-Davidson during the first quarter valued at approximately $ 200,000. Stokes & Hubbell Capital Management LLC acquired a new position in Harley-Davidson during the first quarter valued at approximately $ 201,000. Independent Advisor Alliance boosted its position in 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 period. Finally, Appleton Group LLC acquired a new position in Harley-Davidson during the first quarter valued at approximately $ 210,000. Institutional investors and hedge funds 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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