Harley-Davidson Inc (NYSE:HOG)‘s stock had its “neutral” rating reaffirmed by stock analysts at UBS Group AG in a report issued on Monday, April 17th. They presently have a $ 57.00 target price on the stock. UBS Group AG’s price target points to a potential upside of 5.34% from the company’s previous close.
A number of other analysts have also recently issued reports on HOG. Royal Bank of Canada set a $ 58.00 target price on Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, February 1st. Citigroup Inc reduced their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Barclays PLC reissued an “underweight” rating and set a $ 53.00 price target (up from $ 45.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Finally, Wedbush boosted their price target on Harley-Davidson from $ 53.00 to $ 55.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded up 0.13% during trading on Monday, hitting $ 54.11. 1,367,211 shares of the company’s stock were exchanged. The company has a market cap of $ 9.52 billion, a P/E ratio of 15.43 and a beta of 0.88. The company has a 50-day moving average of $ 58.18 and a 200-day moving average of $ 58.59. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month 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 (EPS) for the quarter, topping 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 quarter in the previous year, the business earned $ 1.36 EPS. The company’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.
The business also recently announced 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 2.70%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is 38.22%.
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Several large investors have recently made changes to their positions in HOG. Janus Capital Management LLC increased its stake in shares of Harley-Davidson by 1.1% in the first quarter. Janus Capital Management LLC now owns 542,080 shares of the company’s stock valued at $ 32,796,000 after buying an additional 5,900 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Harley-Davidson by 121.7% in the first quarter. HighTower Advisors LLC now owns 12,106 shares of the company’s stock valued at $ 730,000 after buying an additional 6,646 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Harley-Davidson during the first quarter valued at about $ 257,000. AQR Capital Management LLC increased its stake in shares of Harley-Davidson by 5.4% in the first quarter. AQR Capital Management LLC now owns 36,569 shares of the company’s stock valued at $ 2,212,000 after buying an additional 1,882 shares in the last quarter. Finally, FOURPOINTS Investment Managers S.A.S. increased its stake in shares of Harley-Davidson by 14.9% in the first quarter. FOURPOINTS Investment Managers S.A.S. now owns 22,300 shares of the company’s stock valued at $ 1,394,000 after buying an additional 2,900 shares in the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Company Profile
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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