Harley-Davidson Inc (NYSE:HOG) had its price objective raised by research analysts at Wedbush from $ 53.00 to $ 55.00 in a research report issued to clients and investors on Monday, April 3rd. The firm currently has a “neutral” rating on the stock. Wedbush’s target price indicates a potential downside of 1.01% from the stock’s previous close.
A number of other brokerages have also commented on HOG. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Zacks Investment Research downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 6th. Goldman Sachs Group Inc restated a “neutral” rating and set a $ 57.00 price objective on shares of Harley-Davidson in a research report on Monday, December 19th. Finally, Citigroup Inc dropped their price objective 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. One investment 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $ 56.12.
Harley-Davidson (NYSE:HOG) traded down 0.98% during midday trading on Monday, reaching $ 55.56. 1,961,513 shares of the company’s stock traded hands. The stock has a market capitalization of $ 9.78 billion, a price-to-earnings ratio of 15.84 and a beta of 0.88. The company’s 50-day moving average price is $ 59.63 and its 200 day moving average price is $ 58.55. 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 data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the prior year, the firm posted $ 1.36 EPS. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities research analysts expect that Harley-Davidson will post $ 3.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.63%. Harley-Davidson’s dividend payout ratio is presently 38.22%.
In related news, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction 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 sale, the director now directly owns 5,523 shares in the company, valued at $ 314,148.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the sale, the vice president now owns 2,195 shares in the company, valued at $ 125,115. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock worth $ 5,912,378 in the last 90 days. Corporate insiders own 0.99% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock worth $ 101,000 after buying an additional 5 shares during the period. Sandy Spring Bank raised its stake in shares of Harley-Davidson by 84.4% in the third quarter. Sandy Spring Bank now owns 1,956 shares of the company’s stock worth $ 103,000 after buying an additional 895 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of 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 worth $ 178,000 after buying an additional 1,853 shares during the period. Stokes & Hubbell Capital Management LLC purchased a new stake in Harley-Davidson during the first quarter worth about $ 201,000. Finally, Cpcm LLC purchased a new stake in Harley-Davidson during the fourth quarter worth about $ 203,000. 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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