Harley-Davidson Inc. (HOG) Given Hold Rating at Wunderlich
A number of other research analysts have also recently weighed in on the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $50.00 price objective on shares of Harley-Davidson in a report on Friday, October 14th. UBS AG reaffirmed a hold rating on shares of Harley-Davidson in a report on Friday, October 14th. Vetr cut shares of Harley-Davidson from a buy rating to a hold rating and set a $51.00 price objective for the company. in a report on Tuesday, October 4th. Jefferies Group assumed coverage on shares of Harley-Davidson in a report on Friday, September 30th. They issued a hold rating and a $49.00 price objective for the company. Finally, Wedbush reaffirmed a hold rating on shares of Harley-Davidson in a report on Saturday, September 17th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. Harley-Davidson has a consensus rating of Hold and a consensus price target of $51.47.
Harley-Davidson (NYSE:HOG) opened at 54.19 on Tuesday. Harley-Davidson has a one year low of $36.36 and a one year high of $57.33. The company has a 50 day moving average of $51.58 and a 200-day moving average of $49.01. The company has a market cap of $9.79 billion, a P/E ratio of 14.42 and a beta of 1.05.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts expect that Harley-Davidson will post $3.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were issued 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 2.58%. Harley-Davidson’s payout ratio is presently 36.65%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 12,537 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the transaction, the insider now 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 SEC, which is available through the SEC website. Also, VP Paul J. Jones sold 2,517 shares of the company’s stock in a transaction dated 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 company insiders.
A number of institutional investors have recently modified their holdings of HOG. HL Financial Services LLC boosted its position in shares of Harley-Davidson by 10.5% in the second quarter. HL Financial Services LLC now owns 1,051,021 shares of the company’s stock worth $47,611,000 after buying an additional 99,490 shares during the last quarter. PGGM Investments raised its stake in Harley-Davidson by 29.1% in the second quarter. PGGM Investments now owns 777,640 shares of the company’s stock worth $35,227,000 after buying an additional 175,384 shares during the period. MIG Capital LLC raised its stake in Harley-Davidson by 10.0% in the first quarter. MIG Capital LLC now owns 673,828 shares of the company’s stock worth $34,588,000 after buying an additional 61,152 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in Harley-Davidson during the first quarter worth approximately $39,568,000. Finally, LPL Financial LLC raised its stake in Harley-Davidson by 2.2% in the first quarter. LPL Financial LLC now owns 48,505 shares of the company’s stock worth $2,419,000 after buying an additional 1,053 shares during the period. 94.88% of the stock is 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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