Harley-Davidson Inc. (HOG) Downgraded by Vetr Inc. to “Hold”
HOG has been the subject of several other research reports. Argus reaffirmed a hold rating on shares of Harley-Davidson in a research report on Monday, August 1st. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a $47.00 price target on shares of Harley-Davidson in a research report on Wednesday, August 3rd. BMO Capital Markets reaffirmed an outperform rating and set a $66.00 price target on shares of Harley-Davidson in a research report on Friday, September 9th. Barclays PLC reaffirmed an equal weight rating and set a $49.00 price target on shares of Harley-Davidson in a research report on Thursday, July 7th. Finally, Wedbush reiterated a hold rating on shares of Harley-Davidson in a research note on Saturday, September 17th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $51.16.
Harley-Davidson (NYSE:HOG) opened at 50.52 on Tuesday. The stock has a market cap of $9.12 billion, a PE ratio of 13.44 and a beta of 1.05. The firm has a 50-day moving average of $52.41 and a 200 day moving average of $48.92. Harley-Davidson has a 12 month low of $36.36 and a 12 month high of $57.33.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The firm earned $1.86 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business posted $1.44 earnings per share. Harley-Davidson’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that Harley-Davidson will post $3.87 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.77%. Harley-Davidson’s dividend payout ratio (DPR) is 36.65%.
In other news, insider Lawrence G. Hund sold 12,537 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction of $667,344.51. Following the completion of the transaction, the insider now owns 16,922 shares in the company, valued at approximately $900,758.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Paul J. Jones sold 2,517 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
Several institutional investors have recently bought and sold shares of HOG. Moore Capital Management LP acquired a new position in Harley-Davidson during the first quarter valued at $8,983,000. Natixis acquired a new position in Harley-Davidson during the first quarter valued at $6,101,000. Envestnet Asset Management Inc. raised its position in Harley-Davidson by 6.4% in the first quarter. Envestnet Asset Management Inc. now owns 15,264 shares of the company’s stock valued at $784,000 after buying an additional 919 shares during the period. Bayesian Capital Management LP acquired a new position in Harley-Davidson during the first quarter valued at $538,000. Finally, National Pension Service raised its position in Harley-Davidson by 4.6% in the first quarter. National Pension Service now owns 138,247 shares of the company’s stock valued at $7,096,000 after buying an additional 6,034 shares during the period. Institutional investors own 94.90% of the company’s stock.
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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