Harley-Davidson Inc (NYSE:HOG) had its target price lowered by Royal Bank of Canada from $ 60.00 to $ 57.00 in a report released on Wednesday, April 19th. Royal Bank of Canada currently has a sector perform rating on the stock.
HOG has been the subject of a number of other research reports. Citigroup Inc reduced their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a buy rating for the company in a research report on Monday, March 6th. Morgan Stanley restated an overweight rating and issued a $ 59.00 price objective (down previously from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Tigress Financial restated a buy rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush restated a hold rating and issued a $ 53.00 price objective (up previously from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Finally, Goldman Sachs Group Inc restated a neutral rating and issued a $ 55.00 price objective (down previously from $ 57.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. Harley-Davidson presently has a consensus rating of Hold and an average price target of $ 56.12.
Harley-Davidson (NYSE:HOG) traded down 0.27% during midday trading on Wednesday, reaching $ 52.62. 2,321,412 shares of the company’s stock traded hands. The firm’s 50-day moving average is $ 57.32 and its 200 day moving average is $ 58.46. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40. 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 announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) 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 company had revenue of $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the previous year, the firm posted $ 1.36 EPS. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. Equities research analysts expect that Harley-Davidson will post $ 3.76 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be given a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is currently 38.22%.
Several hedge funds have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. increased its stake 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. Independent Advisor Alliance increased its stake 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. Wayne Hummer Investments L.L.C. bought a new stake in Harley-Davidson during the first quarter valued at about $ 200,000. Tower Research Capital LLC TRC increased its stake in Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock valued at $ 201,000 after buying an additional 700 shares during the period. Finally, Stokes & Hubbell Capital Management LLC bought a new stake in Harley-Davidson during the first quarter valued at about $ 201,000. Institutional investors own 89.54% of the company’s stock.
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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