Harley-Davidson Inc. (HOG) Receives New Coverage from Analysts at Jefferies Group
A number of other equities research analysts have also commented on the company. Goldman Sachs Group Inc. lowered Harley-Davidson from a buy rating to a neutral rating and lowered their price target for the company from $55.00 to $50.00 in a research report on Thursday, June 23rd. Vetr lowered Harley-Davidson from a hold rating to a strong sell rating and set a $46.00 target price for the company. in a research report on Tuesday, July 5th. Citigroup Inc. raised their target price on Harley-Davidson from $51.00 to $62.00 and gave the company a buy rating in a research report on Monday, August 29th. Robert W. Baird lowered Harley-Davidson from an outperform rating to a neutral rating and set a $54.00 target price for the company. in a research report on Tuesday, July 5th. Finally, Wells Fargo & Co. lowered Harley-Davidson from an outperform rating to a market perform rating in a research report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $51.36.
Harley-Davidson (NYSE:HOG) traded down 0.38% during midday trading on Friday, reaching $52.39. 331,681 shares of the company traded hands. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 13.94 and a beta of 1.05. Harley-Davidson has a one year low of $36.36 and a one year high of $57.33. The firm has a 50-day moving average price of $52.62 and a 200-day moving average price of $48.89.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business earned $1.86 billion during the quarter, compared to analyst estimates of $1.67 billion. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. Harley-Davidson’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 EPS. Equities analysts predict that Harley-Davidson will post $3.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were given a $0.35 dividend. The ex-dividend date was Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.66%. Harley-Davidson’s payout ratio is 36.65%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the transaction, the insider now directly owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Boston Private Wealth LLC boosted its position in shares of Harley-Davidson by 0.5% in the second quarter. Boston Private Wealth LLC now owns 6,360 shares of the company’s stock worth $288,000 after buying an additional 30 shares during the period. Fulton Bank N.A. boosted its position in shares of Harley-Davidson by 0.7% in the second quarter. Fulton Bank N.A. now owns 9,249 shares of the company’s stock worth $419,000 after buying an additional 66 shares during the period. Somerset Trust Co boosted its position in shares of Harley-Davidson by 0.5% in the second quarter. Somerset Trust Co now owns 18,984 shares of the company’s stock worth $860,000 after buying an additional 103 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Harley-Davidson by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,454 shares of the company’s stock worth $429,000 after buying an additional 114 shares during the period. Finally, Oarsman Capital Inc. boosted its position in shares of Harley-Davidson by 2.1% in the second quarter. Oarsman Capital Inc. now owns 5,969 shares of the company’s stock worth $270,000 after buying an additional 125 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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