Harley-Davidson Inc. (HOG) Trading Up 2.2%
Harley-Davidson Inc. (NYSE:HOG)’s share price was up 2.2% on Wednesday . The company traded as high as $54.12 and last traded at $51.56, with a volume of 6,880,238 shares. The stock had previously closed at $50.44.
A number of equities analysts have issued reports on the company. Goldman Sachs Group Inc. lowered Harley-Davidson from a “buy” rating to a “neutral” rating and cut their target price 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 on the stock. in a research report on Tuesday, July 5th. Citigroup Inc. upped 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 on the stock. 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, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $51.40.
The firm’s 50-day moving average is $52.77 and its 200 day moving average is $48.64. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 13.95 and a beta of 1.09.
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Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm earned $1.44 EPS. Harley-Davidson’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that Harley-Davidson Inc. will post $3.87 EPS for the current fiscal year.
The business also recently announced 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 of this dividend is Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.67%. Harley-Davidson’s dividend payout ratio (DPR) is presently 36.65%.
In related news, insider Lawrence G. Hund sold 12,537 shares of the firm’s 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 owns 16,922 shares in the company, valued at approximately $900,758.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul J. Jones sold 2,517 shares of the firm’s 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.
Institutional investors have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. bought a new position in Harley-Davidson during the first quarter valued at approximately $1,851,000. Bancorpsouth Inc. increased its position in Harley-Davidson by 6.6% in the first quarter. Bancorpsouth Inc. now owns 22,228 shares of the company’s stock valued at $1,141,000 after buying an additional 1,381 shares during the period. Stratos Wealth Partners LTD. increased its position in Harley-Davidson by 5.1% in the first quarter. Stratos Wealth Partners LTD. now owns 36,291 shares of the company’s stock valued at $1,863,000 after buying an additional 1,777 shares during the period. Ngam Advisors L.P. increased its position in Harley-Davidson by 59.5% in the first quarter. Ngam Advisors L.P. now owns 43,187 shares of the company’s stock valued at $2,217,000 after buying an additional 16,113 shares during the period. Finally, Aperio Group LLC increased its position in Harley-Davidson by 16.9% in the first quarter. Aperio Group LLC now owns 53,066 shares of the company’s stock valued at $2,724,000 after buying an additional 7,690 shares during the period. Institutional investors and hedge funds own 94.90% 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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