Harley-Davidson Inc. (HOG) Upgraded to “Buy” by Vetr Inc.
A number of other research analysts have also commented on the company. Jefferies Group began coverage on Harley-Davidson in a report on Friday. They issued a hold rating and a $49.00 price objective on the stock. Wedbush reiterated a hold rating on shares of Harley-Davidson in a research report on Saturday, September 17th. BMO Capital Markets reiterated an outperform rating and set a $66.00 target price on shares of Harley-Davidson in a research report on Friday, September 9th. Sanford C. Bernstein assumed coverage on Harley-Davidson in a research report on Thursday, September 8th. They set an outperform rating and a $64.00 target price for the company. Finally, Longbow Research downgraded Harley-Davidson from a neutral rating to an underperform rating and cut their target price for the company from $52.57 to $40.00 in a research report on Monday, August 29th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $51.16.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.029% during mid-day trading on Monday, reaching $50.985. The company had a trading volume of 247,583 shares. The firm’s 50-day moving average price is $52.54 and its 200 day moving average price is $48.92. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 13.567 and a beta of 1.05. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $57.33.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm posted $1.44 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts expect that Harley-Davidson will post $3.87 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, September 9th. Harley-Davidson’s dividend payout ratio is currently 36.65%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 12,537 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the sale, the insider now directly owns 16,922 shares of the company’s stock, valued at $900,758.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul J. Jones sold 2,517 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Mizuho Asset Management Co. Ltd. increased its stake in Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock worth $113,000 after buying an additional 929 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock valued at $141,000 after buying an additional 2,417 shares during the period. Pacer Advisors Inc. boosted its position in shares of Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock valued at $164,000 after buying an additional 247 shares during the period. Tredje AP fonden boosted its position in shares of Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock valued at $174,000 after buying an additional 3,590 shares during the period. Finally, Cutler Capital Management LLC boosted its position in shares of Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock valued at $181,000 after buying an additional 1,000 shares during the period. 94.90% 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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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