Harley-Davidson Inc (NYSE:HOG)‘s stock had its “neutral” rating restated by equities research analysts at UBS Group AG in a research report issued to clients and investors on Monday, April 17th. They currently have a $ 57.00 price target on the stock. UBS Group AG’s price target suggests a potential upside of 1.44% from the company’s previous close.
HOG has been the topic of a number of other research reports. Citigroup Inc dropped their target price on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Morgan Stanley reiterated an “overweight” rating and issued a $ 59.00 target price (down previously from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush reiterated a “hold” rating and issued a $ 53.00 target price (up previously from $ 48.00) on shares of Harley-Davidson in a report on Friday, January 13th. Finally, Royal Bank of Canada upped 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. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) opened at 56.19 on Monday. The stock’s 50 day moving average is $ 59.21 and its 200 day moving average is $ 58.49. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $ 1.36 EPS. On average, equities research analysts expect that Harley-Davidson will post $ 3.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be given a $ 0.365 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a yield of 2.60%. Harley-Davidson’s dividend payout ratio (DPR) is currently 38.22%.
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In related news, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was 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 directly owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joanne M. Bischmann sold 911 shares of the firm’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the completion of the transaction, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. raised its position in 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 valued at $ 178,000 after buying an additional 1,853 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock valued at $ 201,000 after buying an additional 700 shares in the last quarter. Stokes & Hubbell Capital Management LLC bought a new position in Harley-Davidson during the first quarter valued at about $ 201,000. Cpcm LLC bought a new position in Harley-Davidson during the fourth quarter valued at about $ 203,000. Finally, Putnam Investments LLC bought a new position in Harley-Davidson during the fourth quarter valued at about $ 204,000. Hedge funds and other 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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