Harley-Davidson Inc. (NYSE:HOG) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $53.25 target price on the stock. Vetr‘s price target would suggest a potential upside of 5.57% from the stock’s current price.

HOG has been the topic of several other research reports. Argus restated a “hold” rating on shares of Harley-Davidson in a report on Monday, August 1st. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $47.00 target price on shares of Harley-Davidson in a report on Wednesday, August 3rd. BMO Capital Markets restated an “outperform” rating and issued a $66.00 target price on shares of Harley-Davidson in a report on Friday, September 9th. Barclays PLC restated an “equal weight” rating and issued a $49.00 target price on shares of Harley-Davidson in a report on Thursday, July 7th. Finally, Wedbush restated a “hold” rating on shares of Harley-Davidson in a report on Saturday. Five 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 has an average rating of “Hold” and a consensus target price of $51.40.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson (NYSE:HOG) opened at 50.44 on Wednesday. The firm’s 50-day moving average is $52.77 and its 200-day moving average is $48.64. The company has a market cap of $9.11 billion, a PE ratio of 13.42 and a beta of 1.09. Harley-Davidson has a one year low of $36.36 and a one year high of $57.33.

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Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The company earned $1.86 billion during the quarter, compared to the consensus estimate of $1.67 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. On average, equities analysts anticipate that Harley-Davidson will post $3.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.78%. Harley-Davidson’s dividend payout ratio (DPR) is presently 36.65%.

In other news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction dated 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 directly owns 16,922 shares in the company, valued at approximately $900,758.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of HOG. M&T Bank Corp boosted its position in Harley-Davidson by 61.2% in the first quarter. M&T Bank Corp now owns 46,065 shares of the company’s stock worth $2,364,000 after buying an additional 17,483 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Harley-Davidson during the first quarter worth approximately $1,851,000. Bancorpsouth Inc. boosted its position in Harley-Davidson by 6.6% in the first quarter. Bancorpsouth Inc. now owns 22,228 shares of the company’s stock worth $1,141,000 after buying an additional 1,381 shares in the last quarter. Stratos Wealth Partners LTD. boosted 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 worth $1,863,000 after buying an additional 1,777 shares in the last quarter. Finally, Ngam Advisors L.P. boosted 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 worth $2,217,000 after buying an additional 16,113 shares in the last quarter. Hedge funds and other institutional investors own 94.91% 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.

5 Day Chart for NYSE:HOG

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