BMO Capital Markets reiterated their buy rating on shares of Harley-Davidson, Inc. (NYSE:HOG) in a research report sent to investors on Friday, September 8th. They currently have a $56.00 target price on the stock.
Other equities analysts also recently issued reports about the company. BidaskClub upgraded Harley-Davidson from a hold rating to a buy rating in a research report on Friday, June 23rd. ValuEngine upgraded Harley-Davidson from a hold rating to a buy rating in a research report on Friday, July 7th. Tigress Financial reiterated a buy rating on shares of Harley-Davidson in a research report on Friday, July 21st. Zacks Investment Research upgraded Harley-Davidson from a sell rating to a hold rating in a research report on Friday, July 7th. Finally, Jefferies Group LLC reissued a hold rating and set a $49.00 price target on shares of Harley-Davidson in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the company. Harley-Davidson currently has a consensus rating of Hold and an average target price of $53.94.
Harley-Davidson (NYSE:HOG) traded up 1.47% during mid-day trading on Friday, hitting $48.95. The company had a trading volume of 1,149,040 shares. The firm’s 50 day moving average is $47.57 and its 200 day moving average is $53.55. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 14.33 and a beta of 0.86. Harley-Davidson has a 52 week low of $45.53 and a 52 week high of $63.40.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. On average, equities research analysts predict that Harley-Davidson will post $3.39 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th were given a dividend of $0.365 per share. The ex-dividend date was Monday, September 11th. This represents a $1.46 annualized dividend and a dividend yield of 3.03%. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.44%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares in the company, valued at $1,116,892.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in HOG. Capital Research Global Investors boosted its position in shares of Harley-Davidson by 605.1% during the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after buying an additional 14,359,571 shares during the period. BlackRock Inc. boosted its position in shares of Harley-Davidson by 2,897.2% during the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock valued at $639,479,000 after buying an additional 10,217,239 shares during the period. Impala Asset Management LLC boosted its holdings in shares of Harley-Davidson by 60.2% in the second quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock valued at $112,223,000 after purchasing an additional 780,371 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Harley-Davidson by 2,910.0% in the second quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after purchasing an additional 541,280 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock valued at $1,053,712,000 after purchasing an additional 534,966 shares during the period. Institutional investors and hedge funds own 91.04% 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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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