Harley-Davidson Inc (NYSE:HOG) had its target price lowered by Royal Bank of Canada from $ 60.00 to $ 57.00 in a research note issued to investors on Wednesday, April 19th. Royal Bank of Canada currently has a sector perform rating on the stock.
Several other equities analysts have also recently weighed in on HOG. Citigroup Inc cut their price objective on 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 set a $ 53.00 price objective (up previously from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Wedbush lifted 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. Finally, Goldman Sachs Group Inc restated a neutral rating and issued a $ 55.00 target price (down previously from $ 57.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $ 56.12.
Harley-Davidson (NYSE:HOG) traded down 0.43% on Wednesday, hitting $ 52.76. 2,111,132 shares of the company were exchanged. The firm has a 50 day moving average of $ 57.79 and a 200-day moving average of $ 58.53. The stock has a market cap of $ 9.29 billion, a PE ratio of 15.04 and a beta of 0.88. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same quarter in the previous year, the business posted $ 1.36 EPS. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities analysts expect that Harley-Davidson will post $ 3.76 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be paid 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 2.77%. Harley-Davidson’s dividend payout ratio is currently 38.22%.
A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock valued at $ 1,053,712,000 after buying an additional 534,966 shares in the last quarter. BlackRock Inc. boosted its stake in Harley-Davidson by 2,897.2% in the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock valued at $ 639,479,000 after buying an additional 10,217,239 shares in the last quarter. Dodge & Cox acquired a new stake in Harley-Davidson during the fourth quarter valued at approximately $ 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. Finally, 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. 89.54% of the stock is owned by institutional investors and hedge funds.
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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