Harley-Davidson Inc. (HOG) Upgraded to “Buy” by Vetr Inc.
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.
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/harley-davidson-inc-hog-upgraded-to-buy-by-vetr-inc.html
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.
Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.