Harley-Davidson Inc. (HOG) Rating Reiterated by Stifel Nicolaus
Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $50.00 target price on the stock. Stifel Nicolaus’ price target indicates a potential upside of 0.34% from the company’s current price.
A number of other analysts have also recently commented on the company. Vetr cut Harley-Davidson from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a research report on Wednesday, June 22nd. Goldman Sachs Group Inc. cut Harley-Davidson from a “buy” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $50.00 in a research report on Thursday, June 23rd. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research report on Tuesday, July 5th. Barclays PLC restated 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 restated a “neutral” rating and issued a $40.00 price objective on shares of Harley-Davidson in a research report on Sunday, July 10th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.16.
Shares of Harley-Davidson (NYSE:HOG) opened at 49.83 on Friday. The company has a market capitalization of $9.00 billion, a P/E ratio of 13.26 and a beta of 1.05. Harley-Davidson has a 12 month low of $36.36 and a 12 month high of $57.33. The company has a 50-day moving average price of $51.61 and a 200-day moving average price of $49.01.
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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 consensus estimate of $1.54 by $0.01. The company earned $1.86 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. Harley-Davidson’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $1.44 earnings per share. On average, analysts forecast that Harley-Davidson will post $3.87 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were issued a $0.35 dividend. The ex-dividend date was Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.81%. Harley-Davidson’s dividend payout ratio is presently 36.65%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 12,537 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $53.23, for a total transaction of $667,344.51. Following the sale, the insider now owns 16,922 shares in the company, valued at approximately $900,758.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paul J. Jones sold 2,517 shares of the company’s stock in a transaction dated 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. 0.99% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in shares of 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 during the period. Dodge & Cox increased its stake in shares of Harley-Davidson by 1.1% in the second quarter. Dodge & Cox now owns 9,425,983 shares of the company’s stock valued at $426,997,000 after buying an additional 98,250 shares during the period. Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 3.4% in the second quarter. Independent Franchise Partners LLP now owns 8,618,136 shares of the company’s stock valued at $390,401,000 after buying an additional 284,805 shares during the period. State Street Corp increased its stake in shares of Harley-Davidson by 2.9% in the second quarter. State Street Corp now owns 8,274,099 shares of the company’s stock valued at $374,834,000 after buying an additional 236,451 shares during the period. Finally, Harris Associates L P increased its stake in shares of 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 during the period. 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.
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