Vetr Inc. Downgrades Harley-Davidson Inc. (HOG) to Hold
Harley-Davidson Inc. (NYSE:HOG) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They presently have a $51.00 price objective on the stock. Vetr‘s price objective points to a potential upside of 2.00% from the stock’s current price.
Other research analysts have also issued reports about the company. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research report on Monday, August 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $47.00 price objective on shares of Harley-Davidson in a research report on Wednesday, August 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $66.00 price objective on shares of Harley-Davidson in a research report on Friday, September 9th. Barclays PLC reiterated an “equal weight” rating and issued a $49.00 price objective on shares of Harley-Davidson in a research report on Thursday, July 7th. Finally, Wedbush reiterated a “hold” rating on shares of Harley-Davidson in a research report on Saturday, September 17th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $51.16.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.32% during mid-day trading on Tuesday, hitting $50.00. The stock had a trading volume of 1,682,888 shares. The firm’s 50-day moving average price is $52.10 and its 200 day moving average price is $48.95. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 13.30 and a beta of 1.05. Harley-Davidson has a 12-month low of $36.36 and a 12-month high of $57.33.
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Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, beating the Zacks’ 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 firm posted $1.44 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that Harley-Davidson will post $3.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors 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 currently 36.65%.
In related news, insider Lawrence G. Hund sold 12,537 shares of the business’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 value of $667,344.51. Following the completion of the sale, the insider now directly owns 16,922 shares in the company, valued at $900,758.06. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction that occurred 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 corporate insiders.
Several large investors have recently modified their holdings of the stock. Mizuho Asset Management Co. Ltd. boosted its stake 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 during the period. Tower Research Capital LLC TRC boosted its stake 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 during the period. Pacer Advisors Inc. boosted its stake 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 during the period. Tredje AP fonden boosted its stake 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 during the period. Finally, Cutler Capital Management LLC boosted its stake 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 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.
To view Vetr’s full report, visit Vetr’s official website.
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