Harley-Davidson Inc (NYSE:HOG)‘s stock had its “buy” rating restated by equities researchers at Tigress Financial in a research note issued on Friday.
Several other equities research analysts also recently issued reports on HOG. Royal Bank of Canada set a $ 58.00 price objective on Harley-Davidson and gave the company a “hold” rating in a report on Wednesday, February 1st. Citigroup Inc cut their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a report on Wednesday. Argus reiterated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Finally, Barclays PLC reiterated an “underweight” rating and issued a $ 53.00 price objective (up previously from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $ 55.41.
Shares of Harley-Davidson (NYSE:HOG) opened at 62.5018 on Friday. The firm has a market cap of $ 10.91 billion, a P/E ratio of 16.3190 and a beta of 0.88. The firm has a 50-day moving average price of $ 58.01 and a 200 day moving average price of $ 56.63. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $ 0.31 by $ 0.04. The firm earned $ 1.11 billion during the quarter, compared to analysts’ expectations of $ 972.47 million. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Harley-Davidson’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $ 0.22 EPS. On average, analysts forecast that Harley-Davidson will post $ 3.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Wednesday, February 15th were issued a $ 0.365 dividend. The ex-dividend date was Monday, February 13th. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from Harley-Davidson’s previous quarterly dividend of $ 0.35. Harley-Davidson’s dividend payout ratio is presently 38.22%.
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In other news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the transaction, the vice president now owns 2,195 shares in the company, valued at approximately $ 125,115. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donald A. James sold 100,000 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the transaction, the director now owns 5,523 shares in the company, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,960 shares of company stock worth $ 5,912,378. Company insiders own 0.99% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Franchise Partners LLP boosted its stake in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares during the period. State Street Corp boosted its stake in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock worth $ 465,771,000 after buying an additional 89,330 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock worth $ 150,281,000 after buying an additional 60,156 shares during the period. Kiltearn Partners LLP boosted its stake in shares of Harley-Davidson by 7.4% in the fourth quarter. Kiltearn Partners LLP now owns 2,658,900 shares of the company’s stock worth $ 155,120,000 after buying an additional 183,300 shares during the period. Finally, Norges Bank purchased a new stake in shares of Harley-Davidson during the fourth quarter worth about $ 115,866,000. 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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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