Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank AG in a research note issued on Thursday, April 20th. They presently have a $ 50.00 price target on the stock, down from their prior price target of $ 52.00. Deutsche Bank AG’s price target indicates a potential downside of 11.89% from the stock’s previous close.
A number of other brokerages have also weighed in on HOG. Citigroup Inc decreased their target price on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. 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 note on Wednesday, February 1st. Wedbush restated a “hold” rating and issued a $ 53.00 target price (up from $ 48.00) on shares of Harley-Davidson in a research note on Friday, January 13th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Finally, Royal Bank of Canada upped their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $ 56.12.
Harley-Davidson (NYSE:HOG) traded down 1.875% during midday trading on Thursday, reaching $ 55.686. 549,340 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 company has a 50 day moving average price of $ 58.76 and a 200 day moving average price of $ 58.62. The company has a market cap of $ 9.80 billion, a P/E ratio of 15.879 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the previous year, the company posted $ 1.36 EPS. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson will post $ 3.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. 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 presently 38.22%.
COPYRIGHT VIOLATION NOTICE: “Harley-Davidson Inc (HOG) Rating Reiterated by Deutsche Bank AG” was reported by BBNS and is owned by of BBNS. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://baseballnewssource.com/markets/harley-davidson-inc-hog-receives-hold-rating-from-deutsche-bank-ag-updated-updated/638406.html.
In related news, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.99% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. K.J. Harrison & Partners Inc acquired a new stake in Harley-Davidson during the third quarter worth approximately $ 1,010,000. Concert Wealth Management Inc. raised its stake in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in Harley-Davidson during the third quarter worth approximately $ 4,591,000. Great West Life Assurance Co. Can raised its stake in Harley-Davidson by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 718,229 shares of the company’s stock worth $ 37,759,000 after buying an additional 18,614 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Harley-Davidson by 19.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,290 shares of the company’s stock worth $ 1,908,000 after buying an additional 5,927 shares during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related companies with our FREE daily email newsletter.