Harley-Davidson’s (HOG) “Hold” Rating Reiterated at Stifel Nicolaus
Several other research firms also recently weighed in on HOG. Vetr downgraded shares of Harley-Davidson from a hold rating to a strong sell rating and set a $46.00 price objective on the stock. in a report on Tuesday, July 5th. Robert W. Baird downgraded 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. UBS AG restated a neutral rating and set a $55.00 price objective on shares of Harley-Davidson in a report on Sunday, August 14th. Wedbush restated a neutral rating and set a $48.00 price objective (up previously from $40.00) on shares of Harley-Davidson in a report on Thursday, August 25th. Finally, Citigroup Inc. upped their price objective on shares of Harley-Davidson from $51.00 to $62.00 and gave the stock a buy rating in a report on Monday, August 29th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. Harley-Davidson currently has an average rating of Hold and an average target price of $51.16.
Shares of Harley-Davidson (NYSE:HOG) opened at 54.19 on Friday. The company has a market cap of $9.79 billion, a P/E ratio of 14.42 and a beta of 1.05. The company’s 50 day moving average is $51.58 and its 200 day moving average is $49.01. Harley-Davidson has a one year low of $36.36 and a one year high of $57.33.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. The business 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%. Harley-Davidson’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, equities analysts predict that Harley-Davidson will post $3.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.58%. Harley-Davidson’s dividend payout ratio is presently 36.65%.
In related news, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lawrence G. Hund sold 12,537 shares of the business’s 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 completion of 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. 0.99% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. MAI Capital Management increased its stake in Harley-Davidson by 4.5% in the third quarter. MAI Capital Management now owns 19,954 shares of the company’s stock valued at $1,049,000 after buying an additional 859 shares in the last quarter. Putnam FL Investment Management Co. purchased a new stake in Harley-Davidson during the third quarter valued at about $804,000. Charter Trust Co. increased its stake in Harley-Davidson by 20.6% in the third quarter. Charter Trust Co. now owns 7,845 shares of the company’s stock valued at $412,000 after buying an additional 1,341 shares in the last quarter. National Pension Service increased its stake in Harley-Davidson by 9.4% in the third quarter. National Pension Service now owns 173,457 shares of the company’s stock valued at $9,122,000 after buying an additional 14,931 shares in the last quarter. Finally, MSI Financial Services Inc increased its stake in Harley-Davidson by 20.4% in the third quarter. MSI Financial Services Inc now owns 5,774 shares of the company’s stock valued at $304,000 after buying an additional 980 shares in the last quarter. Hedge funds and other institutional investors 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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