Stifel Nicolaus reissued their buy rating on shares of Harley-Davidson, Inc. (NYSE:HOG) in a report published on Tuesday morning. They currently have a $48.00 price objective on the stock, down from their previous price objective of $51.00.
Several other research analysts have also commented on HOG. BidaskClub raised shares of Harley-Davidson from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. UBS AG reaffirmed a neutral rating and issued a $57.00 target price on shares of Harley-Davidson in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a $53.00 target price on shares of Harley-Davidson in a report on Sunday, June 18th. Jefferies Group LLC reaffirmed a hold rating and issued a $49.00 target price on shares of Harley-Davidson in a report on Tuesday, July 4th. Finally, Zacks Investment Research raised shares of Harley-Davidson from a sell rating to a hold rating in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $52.38.
Shares of Harley-Davidson (HOG) opened at 46.32 on Tuesday. Harley-Davidson has a 12-month low of $45.53 and a 12-month high of $63.40. The stock has a 50 day moving average of $47.72 and a 200 day moving average of $52.22. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 13.56 and a beta of 0.87.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts forecast that Harley-Davidson will post $3.38 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.365 per share. The ex-dividend date was Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a yield of 3.15%. Harley-Davidson’s payout ratio is currently 42.44%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the sale, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Matrix Asset Advisors Inc. NY raised its holdings in Harley-Davidson by 8.0% during the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock worth $10,139,000 after purchasing an additional 13,897 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Harley-Davidson during the first quarter worth approximately $257,000. Thompson Investment Management Inc. raised its holdings in Harley-Davidson by 0.9% during the second quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock worth $4,238,000 after purchasing an additional 686 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in Harley-Davidson during the second quarter worth approximately $3,059,000. Finally, SeaBridge Investment Advisors LLC raised its holdings in Harley-Davidson by 31.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 121,818 shares of the company’s stock worth $6,581,000 after purchasing an additional 29,310 shares in the last quarter. 91.04% of the stock is currently 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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