Goldman Sachs Group Inc reaffirmed their neutral rating on shares of Harley-Davidson Inc (NYSE:HOG) in a research report report published on Tuesday, April 18th. Goldman Sachs Group Inc currently has a $ 54.00 price objective on the stock.
HOG has been the topic of a number of other research reports. Tigress Financial reaffirmed a buy rating on shares of Harley-Davidson in a research report on Friday, March 17th. DA Davidson raised Harley-Davidson from an underperform rating to a market perform rating in a research report on Wednesday, April 12th. Raymond James Financial, Inc. raised Harley-Davidson from an underperform rating to a market perform rating in a report on Wednesday, April 12th. Royal Bank of Canada increased their target price on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a sector perform rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC reissued a hold rating and issued a $ 49.00 target price on shares of Harley-Davidson in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.27% during midday trading on Tuesday, hitting $ 52.62. 2,321,412 shares of the company were exchanged. The company has a market capitalization of $ 9.26 billion, a P/E ratio of 15.00 and a beta of 0.88. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The company has a 50-day moving average of $ 57.32 and a 200 day moving average of $ 58.46.
Harley-Davidson (NYSE:HOG) last released 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 analysts’ expectations of $ 1.35 billion. During the same period in the prior year, the firm posted $ 1.36 earnings per share. The firm’s quarterly revenue 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 fiscal year.
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The business 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. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.77%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. NN Investment Partners Holdings N.V. boosted its position 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. Independent Advisor Alliance boosted its position in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $ 200,000 after buying an additional 2,772 shares during the period. Wayne Hummer Investments L.L.C. acquired a new position in shares of Harley-Davidson during the first quarter worth $ 200,000. Tower Research Capital LLC TRC boosted its position in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock worth $ 201,000 after buying an additional 700 shares during the period. Finally, Stokes & Hubbell Capital Management LLC acquired a new position in shares of Harley-Davidson during the first quarter worth $ 201,000. 89.54% of the stock is owned by institutional investors.
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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