Harley-Davidson Inc. (HOG) Stock Rating Reaffirmed by Stifel Nicolaus
Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “hold” rating reaffirmed by stock analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $50.00 target price on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 0.60% from the company’s previous close.
HOG has been the subject of several other reports. Vetr lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Tuesday, October 4th. Jefferies Group started coverage on shares of Harley-Davidson in a research note on Friday, September 30th. They set a “hold” rating and a $49.00 target price for the company. UBS AG reissued a “hold” rating on shares of Harley-Davidson in a research note on Friday. Sanford C. Bernstein started coverage on shares of Harley-Davidson in a research note on Thursday, September 8th. They set an “outperform” rating and a $64.00 target price for the company. Finally, Citigroup Inc. increased their target price on shares of Harley-Davidson from $51.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, August 29th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.16.
Harley-Davidson (NYSE:HOG) opened at 49.70 on Friday. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 13.23 and a beta of 1.05. The firm has a 50 day moving average of $51.52 and a 200-day moving average of $48.99. Harley-Davidson has a one year low of $36.36 and a one year high of $57.33.
Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 28th. The company reported $1.55 EPS for the quarter, beating 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 business earned $1.86 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $1.44 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Harley-Davidson will post $3.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Friday, September 9th. Harley-Davidson’s dividend payout ratio is currently 36.65%.
In related news, insider Lawrence G. Hund sold 12,537 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paul J. Jones sold 2,517 shares of the company’s stock in a transaction on Friday, August 19th. The stock was 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. Corporate insiders own 0.99% of the company’s stock.
Several hedge funds have recently bought and sold shares of 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 valued at $113,000 after buying an additional 929 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 worth $141,000 after buying an additional 2,417 shares during the period. Pacer Advisors Inc. increased its stake 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 worth $164,000 after buying an additional 247 shares during the period. Tredje AP fonden increased its stake 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 worth $174,000 after buying an additional 3,590 shares during the period. Finally, Cutler Capital Management LLC increased its stake 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 worth $181,000 after buying an additional 1,000 shares during the period. 94.88% 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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