Harley-Davidson Inc. (HOG) Trading Down 2.4%
Harley-Davidson Inc. (NYSE:HOG) traded down 2.4% on Tuesday . The company traded as low as $50.63 and last traded at $50.76, with a volume of 953,851 shares changing hands. The stock had previously closed at $52.01.
A number of equities research analysts have weighed in on the company. Vetr raised Harley-Davidson from a “sell” rating to a “hold” rating and set a $53.25 target price for the company in a research report on Tuesday, August 23rd. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Monday, August 1st. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $47.00 price target on shares of Harley-Davidson in a research report on Wednesday, August 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $66.00 price target on shares of Harley-Davidson in a research report on Friday, September 9th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $49.00 price target on shares of Harley-Davidson in a research report on Thursday, July 7th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $51.40.
The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 13.42 and a beta of 1.09. The stock’s 50-day moving average is $52.77 and its 200 day moving average is $48.64.
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Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company earned $1.86 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts expect that Harley-Davidson Inc. will post $3.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Tuesday, September 13th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.78%. Harley-Davidson’s dividend payout ratio is currently 36.65%.
In related 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 transaction of $667,344.51. Following the completion of the transaction, the insider now directly owns 16,922 shares in the company, valued at approximately $900,758.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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. Corporate insiders own 0.99% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HOG. Mizuho Asset Management Co. Ltd. increased its position in shares of Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock valued at $113,000 after buying an additional 929 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock valued at $141,000 after buying an additional 2,417 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock valued at $164,000 after buying an additional 247 shares in the last quarter. Tredje AP fonden increased its position in shares of Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock valued at $174,000 after buying an additional 3,590 shares in the last quarter. Finally, Cutler Capital Management LLC increased its position in shares of Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock valued at $181,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.
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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