Harley-Davidson Inc (NYSE:HOG) had its price target decreased by equities researchers at Wedbush from $ 55.00 to $ 53.00 in a research report issued on Wednesday, April 19th. The firm presently has a “neutral” rating on the stock. Wedbush’s target price would indicate a potential upside of 0.45% from the company’s current price.
Several other analysts have also recently weighed in on HOG. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Royal Bank of Canada dropped their target price on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 1st. Goldman Sachs Group Inc restated a “neutral” rating and issued a $ 55.00 target price (down from $ 57.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Barclays PLC restated an “underweight” rating and issued a $ 53.00 target price (up from $ 45.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $ 59.00 target price (down from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $ 56.12.
Harley-Davidson (NYSE:HOG) traded down 0.27% on Wednesday, reaching $ 52.62. 2,321,412 shares of the company’s stock were exchanged. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The firm’s 50-day moving average is $ 57.56 and its 200-day moving average is $ 58.49. The firm has a market cap of $ 9.26 billion, a PE ratio of 15.00 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the company earned $ 1.36 EPS. The business’s revenue was down 15.7% on a year-over-year basis. On average, equities analysts forecast that Harley-Davidson will post $ 3.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
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A number of large investors have recently bought and sold shares of HOG. BlackRock Inc. increased its position in shares of Harley-Davidson by 2,897.2% in the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock worth $ 639,479,000 after buying an additional 10,217,239 shares during the period. Dodge & Cox purchased a new position in shares of Harley-Davidson during the fourth quarter worth about $ 517,798,000. Norges Bank purchased a new position in shares of Harley-Davidson during the fourth quarter worth about $ 115,866,000. Vanguard Group Inc. increased its position in shares of Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock worth $ 1,053,712,000 after buying an additional 534,966 shares during the period. Finally, AKO Capital LLP purchased a new position in shares of Harley-Davidson during the first quarter worth about $ 26,336,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
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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