Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a research note issued on Thursday, April 20th. They currently have a $ 50.00 price objective on the stock, down from their prior price objective of $ 52.00. Deutsche Bank AG’s price target points to a potential downside of 10.10% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Thursday, April 20th. Royal Bank of Canada decreased their price objective on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a report on Wednesday, April 19th. Wedbush cut their target price on shares of Harley-Davidson from $ 55.00 to $ 53.00 and set a “neutral” rating for the company in a research report on Wednesday, April 19th. Goldman Sachs Group Inc reissued a “neutral” rating and set a $ 54.00 target price on shares of Harley-Davidson in a research report on Tuesday, April 18th. Finally, UBS Group AG reissued a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a research report on Monday, April 17th. One equities research 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. The company currently has a consensus rating of “Hold” and a consensus price target of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.18% during mid-day trading on Thursday, reaching $ 55.52. The company’s stock had a trading volume of 316,714 shares. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a market capitalization of $ 9.77 billion, a price-to-earnings ratio of 15.83 and a beta of 0.88. The company’s 50 day moving average price is $ 59.29 and its 200-day moving average price is $ 58.51.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $ 1.02 by $ 0.03. The firm earned $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $ 1.36 earnings per share. Analysts predict that Harley-Davidson will post $ 3.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. 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 (DPR) is currently 38.22%.
In related news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares in the company, valued at $ 125,115. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock worth $ 5,912,378 over the last three months. 0.99% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of HOG. Parkwood LLC purchased a new stake in Harley-Davidson during the first quarter valued at $ 321,000. Parthenon LLC raised its stake in Harley-Davidson by 38.8% in the first quarter. Parthenon LLC now owns 8,224 shares of the company’s stock valued at $ 498,000 after buying an additional 2,300 shares during the period. Karp Capital Management Corp purchased a new stake in Harley-Davidson during the first quarter valued at $ 3,135,000. Teza Capital Management LLC purchased a new stake in Harley-Davidson during the first quarter valued at $ 376,000. Finally, Appleton Group LLC bought a new stake in shares of Harley-Davidson during the first quarter worth approximately $ 210,000. Institutional investors own 89.54% of the company’s stock.
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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