Harley-Davidson Inc. (HOG) Stock Rating Upgraded by Vetr Inc.
Harley-Davidson Inc. (NYSE:HOG) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm currently has a $54.75 price objective on the stock. Vetr‘s price target points to a potential upside of 9.50% from the stock’s current price.
HOG has been the topic of several other reports. Jefferies Group initiated coverage on Harley-Davidson in a report on Friday, September 30th. They set a “hold” rating and a $49.00 target price on the stock. Wedbush reiterated a “hold” rating on shares of Harley-Davidson in a research report on Saturday, September 17th. BMO Capital Markets reiterated an “outperform” rating and set a $66.00 price target on shares of Harley-Davidson in a research report on Friday, September 9th. Sanford C. Bernstein initiated coverage on Harley-Davidson in a research report on Thursday, September 8th. They set an “outperform” rating and a $64.00 price target for the company. Finally, Longbow Research cut Harley-Davidson from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $52.57 to $40.00 in a research report on Monday, August 29th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $51.16.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.32% during mid-day trading on Monday, hitting $50.00. The stock had a trading volume of 1,682,888 shares. The stock has a market cap of $9.03 billion, a P/E ratio of 13.30 and a beta of 1.05. The firm has a 50 day moving average of $52.10 and a 200-day moving average of $48.95. 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 data on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the 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 firm earned $1.86 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business posted $1.44 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts expect that Harley-Davidson will post $3.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Friday, September 9th. Harley-Davidson’s dividend payout ratio (DPR) is presently 36.65%.
In related news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the sale, the insider now owns 16,922 shares in the company, valued at approximately $900,758.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction on Friday, August 19th. The shares were 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. 0.99% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Harris Associates L P increased its stake in Harley-Davidson by 163.3% in the second quarter. Harris Associates L P now owns 7,918,594 shares of the company’s stock valued at $358,713,000 after buying an additional 4,911,620 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Harley-Davidson by 46.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,702,359 shares of the company’s stock valued at $530,116,000 after buying an additional 3,703,199 shares in the last quarter. Dodge & Cox increased its stake in Harley-Davidson by 20.9% in the first quarter. Dodge & Cox now owns 9,327,733 shares of the company’s stock valued at $478,793,000 after buying an additional 1,614,713 shares in the last quarter. WBI Investments Inc. purchased a new stake in Harley-Davidson during the second quarter valued at about $68,063,000. Finally, Kiltearn Partners LLP purchased a new stake in Harley-Davidson during the second quarter valued at about $66,577,000. Hedge funds and other institutional investors own 94.90% 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.
To view Vetr’s full report, visit Vetr’s official website.
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