Harley-Davidson Inc (NYSE:HOG) had its price objective hoisted by analysts at Royal Bank of Canada from $ 58.00 to $ 60.00 in a research note issued on Wednesday, April 5th. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 6.93% from the stock’s current price.
Several other equities research analysts also recently weighed in on the company. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush raised their price objective on Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. Longbow Research raised Harley-Davidson from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 15th. Zacks Investment Research downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, December 6th. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a $ 57.00 price objective on shares of Harley-Davidson in a report on Monday, December 19th. One 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’s stock. The company has an average rating of “Hold” and an average price target of $ 56.12.
Harley-Davidson (NYSE:HOG) traded down 0.50% during midday trading on Wednesday, hitting $ 56.11. The company had a trading volume of 1,506,919 shares. The company has a market cap of $ 9.88 billion, a P/E ratio of 16.00 and a beta of 0.88. The company’s 50 day moving average is $ 59.76 and its 200-day moving average is $ 58.51. Harley-Davidson has a one year low of $ 41.63 and a one 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 the Zacks’ consensus estimate of $ 1.02 by $ 0.03. The firm 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 company’s revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $ 1.36 EPS. On average, equities analysts predict that Harley-Davidson will post $ 3.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.60%. Harley-Davidson’s dividend payout ratio (DPR) is currently 38.22%.
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In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the completion of the transaction, the vice president now owns 2,195 shares in the company, valued at approximately $ 125,115. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction that occurred 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 owns 5,523 shares in the company, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock valued at $ 5,912,378 in the last quarter. Company insiders own 0.99% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its position in shares of Harley-Davidson by 13.7% in the first quarter. First Trust Advisors LP now owns 177,209 shares of the company’s stock worth $ 10,721,000 after buying an additional 21,389 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Harley-Davidson during the first quarter worth $ 269,000. Eagle Ridge Investment Management increased its position in shares of Harley-Davidson by 1.2% in the first quarter. Eagle Ridge Investment Management now owns 91,219 shares of the company’s stock worth $ 5,519,000 after buying an additional 1,117 shares during the last quarter. LSV Asset Management increased its position in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock worth $ 242,267,000 after buying an additional 80,843 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Harley-Davidson by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 540,810 shares of the company’s stock worth $ 32,719,000 after buying an additional 2,311 shares during the last quarter. 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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