Harley-Davidson's (HOG) “Hold” Rating Reaffirmed at Stifel Nicolaus

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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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%.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/05/09/harley-davidsons-hog-hold-rating-reiterated-at-stifel-nicolaus-updated-updated.html.

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.

About Harley-Davidson

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.

5 Day Chart for NYSE:HOG

Receive News & Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Let’s block ads! (Why?)

Google Alert – harley davidson news

About Craig Ballantyne 17890 Articles
I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.