Harley-Davidson Inc. (HOG) Rating Reiterated by Wunderlich
Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “hold” rating reiterated by equities researchers at Wunderlich in a report issued on Tuesday. They currently have a $52.00 price objective on the stock. Wunderlich’s target price points to a potential downside of 4.04% from the company’s current price.
Several other research analysts have also recently commented on the stock. Goldman Sachs Group Inc. cut shares of Harley-Davidson from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $50.00 in a report on Thursday, June 23rd. Vetr cut shares of Harley-Davidson from a “hold” rating to a “strong sell” rating and set a $46.00 price target for the company. in a report on Tuesday, July 5th. Citigroup Inc. raised their price target on shares of Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, August 29th. Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and set a $54.00 price target for the company. in a report on Tuesday, July 5th. Finally, Wells Fargo & Co. cut shares of Harley-Davidson from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. Harley-Davidson currently has an average rating of “Hold” and an average price target of $51.16.
Harley-Davidson (NYSE:HOG) traded up 9.03% during midday trading on Tuesday, hitting $54.19. 7,621,634 shares of the stock traded hands. Harley-Davidson has a 1-year low of $36.36 and a 1-year high of $57.33. The company has a 50-day moving average price of $51.58 and a 200-day moving average price of $49.01. The firm has a market cap of $9.79 billion, a P/E ratio of 14.42 and a beta of 1.05.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 18th. The company reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts predict that Harley-Davidson will post $3.87 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.58%. Harley-Davidson’s dividend payout ratio is currently 36.65%.
In other Harley-Davidson news, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction on Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction on Friday, August 5th. The stock was sold at an average price of $53.23, for a total transaction of $667,344.51. Following the sale, the insider now owns 16,922 shares in the company, valued at approximately $900,758.06. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.
Large investors have recently bought and sold shares of the company. M&T Bank Corp increased its stake in shares of Harley-Davidson by 61.2% in the first quarter. M&T Bank Corp now owns 46,065 shares of the company’s stock valued at $2,364,000 after buying an additional 17,483 shares in the last quarter. Credit Agricole S A increased its stake in shares of Harley-Davidson by 41.9% in the first quarter. Credit Agricole S A now owns 462,570 shares of the company’s stock valued at $23,745,000 after buying an additional 136,579 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Harley-Davidson by 5.1% in the first quarter. Canada Pension Plan Investment Board now owns 223,610 shares of the company’s stock valued at $11,478,000 after buying an additional 10,800 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Harley-Davidson by 80.7% in the first quarter. Riverhead Capital Management LLC now owns 203,044 shares of the company’s stock valued at $10,422,000 after buying an additional 90,661 shares in the last quarter. Finally, Dodge & Cox increased its stake in shares of Harley-Davidson by 20.9% in the first quarter. Dodge & Cox now owns 9,327,733 shares of the company’s stock valued at $478,793,000 after buying an additional 1,614,713 shares in the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.
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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