Shares of Harley-Davidson Inc (NYSE:HOG) have received an average rating of “Hold” from the twenty-five analysts that are currently covering the company. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $ 56.47.
Several research firms have recently issued reports on HOG. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. Barclays PLC restated an “equal weight” rating and issued a $ 52.00 target price (down previously from $ 53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Royal Bank of Canada set a $ 58.00 target price on shares of Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, February 1st. Citigroup Inc lowered their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a report on Monday, March 6th. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd.
Shares of Harley-Davidson (NYSE:HOG) traded up 0.11% on Monday, reaching $ 55.62. 1,531,413 shares of the company traded hands. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The firm has a market capitalization of $ 9.79 billion, a P/E ratio of 15.86 and a beta of 0.88. The stock has a 50-day moving average price of $ 59.50 and a 200 day moving average price of $ 58.53.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The firm earned $ 1.33 billion during 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 business’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the business earned $ 1.36 EPS. Analysts anticipate that Harley-Davidson will post $ 3.76 EPS for the current fiscal year.
The firm also recently declared 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 is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a dividend yield of 2.62%. Harley-Davidson’s dividend payout ratio is currently 38.22%.
In other news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joanne M. Bischmann sold 911 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the completion of the sale, the vice president now owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,960 shares of company stock valued at $ 5,912,378. Company insiders own 0.99% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Dodge & Cox acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. Norges Bank acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 115,866,000. AKO Capital LLP acquired a new stake in Harley-Davidson during the first quarter valued at approximately $ 26,336,000. FMR LLC raised its stake in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock valued at $ 22,373,000 after buying an additional 368,800 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.
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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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