Harley-Davidson Inc. (HOG) Earns Hold Rating from UBS AG
Several other equities research analysts have also weighed in on HOG. Vetr lowered shares of Harley-Davidson from a buy rating to a hold rating and set a $46.00 target price on the stock. in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. lowered shares of Harley-Davidson from a buy rating to a neutral rating and dropped their price objective for the stock from $55.00 to $50.00 in a report on Thursday, June 23rd. Robert W. Baird lowered shares of Harley-Davidson from an outperform rating to a neutral rating and set a $54.00 price objective on the stock. in a report on Tuesday, July 5th. Barclays PLC restated an equal weight rating and set a $49.00 price objective on shares of Harley-Davidson in a report on Thursday, July 7th. Finally, Wedbush restated a neutral rating and set a $40.00 price objective on shares of Harley-Davidson in a report on Sunday, July 10th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $51.16.
Harley-Davidson (NYSE:HOG) opened at 54.19 on Friday. The firm’s 50-day moving average is $51.58 and its 200-day moving average is $49.01. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $57.33. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 14.42 and a beta of 1.05.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. Analysts forecast that Harley-Davidson will post $3.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, September 9th. This represents a $1.40 annualized dividend and a yield of 2.58%. Harley-Davidson’s payout ratio is presently 36.65%.
In related news, VP Paul J. Jones sold 2,517 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $54.03, for a total transaction of $135,993.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lawrence G. Hund sold 12,537 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $53.23, for a total value of $667,344.51. Following the sale, the insider now owns 16,922 shares in the company, valued at approximately $900,758.06. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Boston Private Wealth LLC raised its stake in 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 last quarter. Fulton Bank N.A. raised its stake in Harley-Davidson by 0.6% in the third quarter. Fulton Bank N.A. now owns 9,301 shares of the company’s stock worth $489,000 after buying an additional 52 shares during the last quarter. Somerset Trust Co raised its stake in 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 last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 last quarter. Finally, Oarsman Capital Inc. raised its stake in 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 last quarter. Institutional investors and hedge funds own 94.88% 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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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