Harley-Davidson Inc. (HOG) Trading Down 10.7%
Shares of Harley-Davidson Inc. (NYSE:HOG) traded down 10.7% on Tuesday . The stock traded as low as $47.49 and last traded at $48.44, with a volume of 8,453,099 shares changing hands. The stock had previously closed at $54.25.
A number of equities analysts recently weighed in on HOG shares. Wunderlich lifted their price objective on Harley-Davidson from $44.00 to $52.00 and gave the stock a “hold” rating in a research report on Wednesday, March 30th. Vetr upgraded Harley-Davidson from a “buy” rating to a “strong-buy” rating and set a $51.63 price objective on the stock in a research report on Monday, May 9th. TheStreet upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Tuesday, April 19th. Sterne Agee CRT began coverage on Harley-Davidson in a research report on Friday, March 11th. They issued a “neutral” rating and a $52.00 price objective on the stock. Finally, William Blair lowered Harley-Davidson from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th.
One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.18.
The stock has a market capitalization of $8.74 billion and a P/E ratio of 12.79. The company’s 50-day moving average price is $45.40 and its 200 day moving average price is $45.03.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 19th. The company reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.50 billion. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. On average, equities research analysts anticipate that Harley-Davidson Inc. will post $3.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 26th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Tuesday, May 24th.
In other news, VP Tonit M. Calaway sold 2,227 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $48.97, for a total transaction of $109,056.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michelle Kumbier sold 26,667 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $46.25, for a total value of $1,233,348.75. Following the transaction, the senior vice president now owns 12,011 shares in the company, valued at $555,508.75. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have added to or reduced their stakes in HOG. Baillie Gifford & Co. raised its stake in shares of Harley-Davidson by 6.5% in the fourth quarter. Baillie Gifford & Co. now owns 10,544,632 shares of the company’s stock worth $478,621,000 after buying an additional 643,414 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Harley-Davidson by 95.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 305,196 shares of the company’s stock worth $13,853,000 after buying an additional 149,033 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Harley-Davidson by 17.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 820,000 shares of the company’s stock worth $37,220,000 after buying an additional 120,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Harley-Davidson by 293.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 96,111 shares of the company’s stock worth $4,362,000 after buying an additional 71,674 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Harley-Davidson during the fourth quarter worth about $3,196,000.
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) segment and the Financial Services segment.
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