Harley-Davidson Inc (NYSE:HOG) had its price objective lowered by research analysts at Wedbush from $ 55.00 to $ 53.00 in a note issued to investors on Wednesday, April 19th. The firm currently has a “neutral” rating on the stock. Wedbush’s target price points to a potential downside of 6.61% from the company’s current price.
Several other equities analysts have also commented on the stock. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a $ 54.00 price target on shares of Harley-Davidson in a research note on Tuesday, April 18th. UBS Group AG reiterated a “neutral” rating and issued a $ 57.00 price target on shares of Harley-Davidson in a research note on Monday, April 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Raymond James Financial, Inc. upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. Finally, DA Davidson upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $ 56.12.
Harley-Davidson (NYSE:HOG) opened at 56.75 on Wednesday. The stock has a market cap of $ 9.99 billion, a P/E ratio of 16.18 and a beta of 0.88. The stock has a 50 day moving average of $ 58.92 and a 200-day moving average of $ 58.62. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40.
Harley-Davidson (NYSE:HOG) last announced 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 company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm’s revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $ 1.36 earnings per share. On average, equities analysts forecast that Harley-Davidson will post $ 3.76 EPS for the current fiscal 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 $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is currently 38.22%.
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In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the sale, the director now owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.99% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in HOG. Cornerstone Capital Management Holdings LLC. increased its stake in Harley-Davidson by 73.7% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 54,239 shares of the company’s stock worth $ 3,280,000 after buying an additional 23,008 shares during the period. Cibc World Markets Corp increased its stake in Harley-Davidson by 52.2% in the first quarter. Cibc World Markets Corp now owns 18,397 shares of the company’s stock worth $ 1,113,000 after buying an additional 6,310 shares during the period. Bancorpsouth Inc. increased its stake in Harley-Davidson by 3.2% in the first quarter. Bancorpsouth Inc. now owns 29,430 shares of the company’s stock worth $ 1,781,000 after buying an additional 912 shares during the period. ProVise Management Group LLC increased its stake in Harley-Davidson by 178.0% in the first quarter. ProVise Management Group LLC now owns 11,110 shares of the company’s stock worth $ 672,000 after buying an additional 7,113 shares during the period. Finally, Blair William & Co. IL increased its stake in Harley-Davidson by 11.0% in the first quarter. Blair William & Co. IL now owns 195,871 shares of the company’s stock worth $ 11,366,000 after buying an additional 19,449 shares during the period. 89.54% of the stock is owned by institutional investors.
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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