Shares of Harley-Davidson Inc (NYSE:HOG) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $47.10.
Several equities research analysts have recently weighed in on HOG shares. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Wolfe Research assumed coverage on shares of Harley-Davidson in a research note on Tuesday, October 2nd. They set a “peer perform” rating and a $46.00 target price on the stock. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. DA Davidson reissued a “sell” rating on shares of Harley-Davidson in a research note on Tuesday, August 14th. Finally, Morgan Stanley cut their target price on shares of Harley-Davidson from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Friday, June 29th.
Shares of HOG traded down $0.10 during trading hours on Wednesday, hitting $40.82. 60,867 shares of the stock were exchanged, compared to its average volume of 2,399,296. Harley-Davidson has a fifty-two week low of $39.34 and a fifty-two week high of $56.50. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. The stock has a market cap of $7.54 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.11. Harley-Davidson had a net margin of 10.08% and a return on equity of 31.70%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company posted $1.48 earnings per share. Harley-Davidson’s revenue for the quarter was down 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Harley-Davidson will post 3.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Tuesday, September 18th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Monday, September 17th. Harley-Davidson’s dividend payout ratio is presently 42.29%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 37,040 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $43.33, for a total value of $1,604,943.20. Following the transaction, the insider now directly owns 29,715 shares of the company’s stock, valued at $1,287,550.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jochen Zeitz sold 1,598 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $43.50, for a total transaction of $69,513.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,225 shares of company stock worth $2,221,739. 0.58% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its stake in shares of Harley-Davidson by 44.8% in the third quarter. Bank of Montreal Can now owns 109,934 shares of the company’s stock valued at $4,980,000 after buying an additional 34,016 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Harley-Davidson by 62.7% in the third quarter. State of Alaska Department of Revenue now owns 55,192 shares of the company’s stock valued at $2,498,000 after purchasing an additional 21,271 shares during the last quarter. Royal London Asset Management Ltd. purchased a new stake in shares of Harley-Davidson in the second quarter valued at about $2,973,000. Advisors Asset Management Inc. raised its holdings in shares of Harley-Davidson by 9.9% in the second quarter. Advisors Asset Management Inc. now owns 18,502 shares of the company’s stock valued at $779,000 after purchasing an additional 1,661 shares during the last quarter. Finally, Andra AP fonden purchased a new stake in shares of Harley-Davidson in the second quarter valued at about $4,397,000. 85.89% of the stock is currently owned by hedge funds and other institutional investors.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.
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