Harley-Davidson, Inc. (HOG) Receives Consensus Recommendation of “Hold” from Analysts

Harley-Davidson, Inc. (NYSE:HOG) has earned an average recommendation of “Hold” from the twenty-five ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $56.93.

Several equities research analysts have commented on HOG shares. Citigroup Inc. lowered their target price on shares of Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Longbow Research raised shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Wedbush increased their price objective on shares of Harley-Davidson from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. Finally, Royal Bank Of Canada increased their price objective on shares of Harley-Davidson from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th.

Institutional investors have recently added to or reduced their stakes in the stock. Independent Advisor Alliance raised its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares in the last quarter. Wayne Hummer Investments L.L.C. purchased a new position in Harley-Davidson during the first quarter valued at approximately $200,000. Stokes & Hubbell Capital Management LLC purchased a new position in Harley-Davidson during the first quarter valued at approximately $201,000. Putnam Investments LLC purchased a new position in Harley-Davidson during the fourth quarter valued at approximately $204,000. Finally, Appleton Group LLC purchased a new position in Harley-Davidson during the first quarter valued at approximately $210,000. 86.98% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson (NYSE HOG) traded up 0.14% during trading on Tuesday, reaching $55.53. 803,052 shares of the company were exchanged. Harley-Davidson has a 52-week low of $41.63 and a 52-week high of $63.40. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of 15.83 and a beta of 0.81. The firm has a 50-day moving average of $54.00 and a 200-day moving average of $57.68.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. Harley-Davidson had a net margin of 12.50% and a return on equity of 31.69%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. Harley-Davidson’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities analysts forecast that Harley-Davidson will post $3.75 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Thursday, May 25th were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.63%. The ex-dividend date was Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is currently 41.60%.

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About Harley-Davidson

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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HOG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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