Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a note issued to investors on Friday, April 14th. They presently have a $ 63.00 price objective on the stock, up from their previous price objective of $ 58.00. Stifel Nicolaus’ price objective would suggest a potential upside of 13.43% from the company’s current price.
A number of other analysts also recently issued reports on HOG. Royal Bank of Canada set a $ 58.00 price objective on shares of Harley-Davidson and gave the company a “hold” rating in a report on Wednesday, February 1st. Citigroup Inc lowered their price objective on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Barclays PLC reiterated an “underweight” rating and issued a $ 53.00 price objective (up from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Finally, Wedbush lifted their price objective on shares of Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $ 56.12.
Harley-Davidson (NYSE:HOG) opened at 55.54 on Friday. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The stock has a market capitalization of $ 9.78 billion, a PE ratio of 15.84 and a beta of 0.88. The stock’s 50 day moving average is $ 59.21 and its 200-day moving average is $ 58.49.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the previous year, the firm posted $ 1.36 earnings per share. The business’s revenue was down 15.7% on a year-over-year basis. Equities research analysts forecast that Harley-Davidson will post $ 3.76 EPS for the current year.
The company 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. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a yield of 2.63%. Harley-Davidson’s dividend payout ratio is 38.22%.
In related news, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the completion of the sale, the director now owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.99% of the company’s stock.
A number of large investors have recently bought and sold shares of HOG. Dodge & Cox purchased a new stake in Harley-Davidson during the fourth quarter valued at $ 517,798,000. Independent Franchise Partners LLP boosted its stake in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares in the last quarter. State Street Corp boosted its stake in Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares in the last quarter. LSV Asset Management boosted its stake in Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock valued at $ 242,267,000 after buying an additional 80,843 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock valued at $ 150,281,000 after buying an additional 60,156 shares in 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.
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