BMO Capital Markets reaffirmed their buy rating on shares of Harley-Davidson, Inc. (NYSE:HOG) in a report issued on Friday, September 8th. The brokerage currently has a $56.00 target price on the stock.
A number of other brokerages have also recently issued reports on HOG. Morgan Stanley dropped their price objective on Harley-Davidson from $59.00 to $54.00 and set an overweight rating on the stock in a research note on Monday, August 14th. ValuEngine cut Harley-Davidson from a buy rating to a hold rating in a research note on Tuesday, August 1st. Stifel Nicolaus dropped their price objective on Harley-Davidson from $61.00 to $55.00 and set a hold rating on the stock in a research note on Friday, July 14th. Robert W. Baird reiterated a neutral rating and set a $62.00 price objective on shares of Harley-Davidson in a research note on Wednesday, June 7th. Finally, BidaskClub upgraded Harley-Davidson from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $53.94.
Harley-Davidson (HOG) traded down 2.17% during midday trading on Friday, reaching $47.85. 1,465,031 shares of the company’s stock traded hands. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 14.01 and a beta of 0.86. Harley-Davidson has a 52 week low of $45.53 and a 52 week high of $63.40. The company’s 50-day moving average price is $47.66 and its 200 day moving average price is $53.82.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. The business’s revenue was down 5.6% on a year-over-year basis. On average, equities research analysts expect that Harley-Davidson will post $3.39 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, September 11th. Harley-Davidson’s dividend payout ratio (DPR) is currently 42.44%.
In other news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction 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 sale, the insider now directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Independent Advisor Alliance boosted its stake 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. acquired a new stake in Harley-Davidson in the first quarter valued at about $200,000. Appleton Group LLC acquired a new stake in Harley-Davidson in the first quarter valued at about $210,000. Geneva Advisors LLC boosted its stake in Harley-Davidson by 5.4% in the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after buying an additional 200 shares in the last quarter. Finally, Northside Capital Management LLC acquired a new stake in Harley-Davidson in the first quarter valued at about $218,000. 91.06% of the stock is currently owned by institutional investors.
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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