Harley-Davidson Inc (NYSE:HOG)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a research note issued to investors on Thursday, April 6th. They presently have a $ 49.00 price target on the stock. Jefferies Group LLC’s price objective indicates a potential downside of 11.90% from the stock’s current price.
Other analysts have also issued research reports about the stock. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Barclays PLC restated an “underweight” rating and issued a $ 53.00 price target (up previously from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Longbow Research upgraded shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Wedbush lifted their price target on shares of Harley-Davidson from $ 53.00 to $ 55.00 and gave the stock a “neutral” rating in a research note on Monday, April 3rd. Finally, Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and an average target price of $ 56.12.
Harley-Davidson (NYSE:HOG) traded up 0.11% during midday trading on Thursday, hitting $ 55.62. 1,530,924 shares of the stock traded hands. The stock has a market cap of $ 9.79 billion, a price-to-earnings ratio of 15.86 and a beta of 0.88. The company has a 50-day moving average price of $ 59.50 and a 200 day moving average price of $ 58.53. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) 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 analyst estimates of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $ 1.36 earnings per share. Equities research analysts anticipate that Harley-Davidson will post $ 3.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a dividend of $ 0.365 per share. This represents a $ 1.46 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) 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 value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michelle Kumbier sold 3,049 shares of the company’s stock in a transaction dated 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. In the last three months, insiders have sold 103,960 shares of company stock valued at $ 5,912,378. Corporate insiders own 0.99% of the company’s stock.
Large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock worth $ 101,000 after buying an additional 5 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock worth $ 302,000 after buying an additional 20 shares during the last quarter. Concert Wealth Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares during the last quarter. Leavell Investment Management Inc. increased its stake in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock worth $ 335,000 after buying an additional 34 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in shares of Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $ 561,000 after buying an additional 38 shares during the last quarter. 89.54% of the stock is owned by institutional investors.
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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