Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “hold” rating reiterated by Wunderlich in a research report issued to clients and investors on Tuesday. They presently have a $52.00 price objective on the stock. Wunderlich’s price target indicates a potential downside of 4.04% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on HOG. Wedbush restated a “hold” rating on shares of Harley-Davidson in a research note on Saturday, September 17th. Barclays PLC cut Harley-Davidson from an “equal weight” rating to an “underperform” rating and lowered their price objective for the stock from $49.00 to $45.00 in a research report on Friday, July 29th. RBC Capital Markets reiterated an “underperform” rating and set a $43.00 price objective on shares of Harley-Davidson in a research report on Friday, July 29th. Stifel Nicolaus reiterated a “hold” rating and set a $50.00 price objective on shares of Harley-Davidson in a research report on Friday. Finally, UBS AG reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday. Five 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.16.
Shares of 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. The stock has a 50 day moving average of $51.58 and a 200 day moving average of $49.01. The company has a market capitalization of $9.79 billion, a P/E ratio of 14.42 and a beta of 1.05. Harley-Davidson has a 1-year low of $36.36 and a 1-year high of $57.33.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts predict that Harley-Davidson will post $3.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend 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 Harley-Davidson stock in a transaction that occurred 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 transaction, the insider now directly owns 16,922 shares of the company’s stock, valued at $900,758.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction that occurred 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 corporate insiders.
Several institutional investors have recently bought and sold shares of HOG. Squarepoint Ops LLC raised its position in shares of Harley-Davidson by 19.0% in the first quarter. Squarepoint Ops LLC now owns 46,710 shares of the company’s stock valued at $2,398,000 after buying an additional 7,470 shares during the period. MIG Capital LLC raised its position in shares of Harley-Davidson by 10.0% in the first quarter. MIG Capital LLC now owns 673,828 shares of the company’s stock valued at $34,588,000 after buying an additional 61,152 shares during the period. LPL Financial LLC raised its position in shares of Harley-Davidson by 2.2% in the first quarter. LPL Financial LLC now owns 48,505 shares of the company’s stock valued at $2,419,000 after buying an additional 1,053 shares during the period. Moore Capital Management LP acquired a new position in shares of Harley-Davidson during the first quarter valued at about $8,983,000. Finally, Natixis acquired a new position in shares of Harley-Davidson during the first quarter valued at about $6,101,000. 94.88% 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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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