BMO Capital Markets reissued their buy rating on shares of Harley-Davidson, Inc. (NYSE:HOG) in a research note issued to investors on Friday, September 8th. They currently have a $56.00 price objective on the stock.
Other equities research analysts have also issued research reports about the stock. BidaskClub upgraded shares of Harley-Davidson from a hold rating to a buy rating in a research note on Friday, June 23rd. ValuEngine upgraded shares of Harley-Davidson from a hold rating to a buy rating in a research note on Friday, July 7th. Tigress Financial restated a buy rating on shares of Harley-Davidson in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Harley-Davidson from a sell rating to a hold rating in a research note on Friday, July 7th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $49.00 price objective on shares of Harley-Davidson in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the company. Harley-Davidson has a consensus rating of Hold and an average target price of $53.94.
Shares of Harley-Davidson (NYSE:HOG) opened at 48.24 on Friday. The firm has a market cap of $8.41 billion, a P/E ratio of 14.13 and a beta of 0.86. The company has a 50 day moving average price of $47.57 and a 200-day moving average price of $53.55. Harley-Davidson has a 52-week low of $45.53 and a 52-week high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the firm earned $1.55 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, analysts expect that Harley-Davidson will post $3.39 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th were given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Monday, September 11th. Harley-Davidson’s payout ratio is 42.44%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the transaction, the insider now owns 23,673 shares in the company, valued at $1,116,892.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in HOG. Nationwide Fund Advisors increased its position in shares of Harley-Davidson by 1.9% during the first quarter. Nationwide Fund Advisors now owns 49,829 shares of the company’s stock valued at $3,015,000 after buying an additional 923 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Harley-Davidson by 147.1% during the first quarter. Janney Montgomery Scott LLC now owns 9,355 shares of the company’s stock valued at $566,000 after buying an additional 5,569 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Harley-Davidson by 14.5% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,167 shares of the company’s stock valued at $917,000 after buying an additional 1,921 shares during the period. First Trust Advisors LP increased its position in shares of Harley-Davidson by 13.7% during the first quarter. First Trust Advisors LP now owns 177,209 shares of the company’s stock valued at $10,721,000 after buying an additional 21,389 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Harley-Davidson by 425.6% during the first quarter. Advisors Asset Management Inc. now owns 15,731 shares of the company’s stock valued at $952,000 after buying an additional 12,738 shares during the period. Institutional investors own 91.04% of the company’s stock.
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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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