Harley-Davidson Inc (NYSE:HOG)‘s stock had its “neutral” rating restated by UBS Group AG in a research note issued on Monday, April 17th. They currently have a $ 57.00 price objective on the stock. UBS Group AG’s target price suggests a potential upside of 8.04% from the company’s previous close.
A number of other brokerages have also recently weighed in on HOG. Citigroup Inc dropped their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Royal Bank of Canada lifted 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. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a $ 57.00 target price on shares of Harley-Davidson in a report on Monday, December 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 target price (up from $ 58.00) on shares of Harley-Davidson in a report on Friday, April 14th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $ 56.12.
Harley-Davidson (NYSE:HOG) traded down 0.43% during trading on Monday, reaching $ 52.76. The company’s stock had a trading volume of 2,110,418 shares. The firm’s 50-day moving average price is $ 57.79 and its 200 day moving average price is $ 58.53. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The company has a market capitalization of $ 9.29 billion, a P/E ratio of 15.04 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data 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 return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period in the previous year, the firm posted $ 1.36 earnings per share. The company’s revenue was down 15.7% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $ 3.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be given a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s payout ratio is 38.22%.
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Institutional investors have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. boosted 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 during the last quarter. Independent Advisor Alliance boosted its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $ 200,000 after buying an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. acquired a new position in Harley-Davidson during the first quarter valued at about $ 200,000. Tower Research Capital LLC TRC boosted 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 during the last quarter. Finally, Stokes & Hubbell Capital Management LLC purchased a new stake in shares of Harley-Davidson during the first quarter valued at approximately $ 201,000. 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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