Harley-Davidson Inc. (HOG) Receives Hold Rating from Wunderlich
Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “hold” rating reissued by equities research analysts at Wunderlich in a research report issued on Tuesday. They currently have a $52.00 target price on the stock. Wunderlich’s price target would suggest a potential downside of 4.04% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Wedbush restated a “hold” rating on shares of Harley-Davidson in a report on Saturday, September 17th. Vetr cut shares of Harley-Davidson from a “hold” rating to a “strong sell” rating and set a $46.00 target price for the company. in a report on Tuesday, July 5th. Barclays PLC cut shares of Harley-Davidson from an “equal weight” rating to an “underperform” rating and lowered their target price for the company from $49.00 to $45.00 in a report on Friday, July 29th. Stifel Nicolaus cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, July 15th. They noted that the move was a valuation call. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a report on Monday, August 1st. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $51.16.
Harley-Davidson (NYSE:HOG) traded up 9.03% on Tuesday, reaching $54.19. 7,621,634 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $51.58 and a 200-day moving average price of $49.01. The company has a market capitalization of $9.79 billion, a P/E ratio of 14.42 and a beta of 1.05. Harley-Davidson has a 1-year low of $36.36 and a 1-year high of $57.33.
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Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $0.64 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.64. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.69 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts expect that Harley-Davidson will post $3.87 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 annualized dividend and a yield of 2.58%. Harley-Davidson’s dividend payout ratio (DPR) is currently 36.65%.
In other news, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction 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 legal filing with the SEC, which is accessible through this link. Also, VP Paul J. Jones sold 2,517 shares of Harley-Davidson 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. Company insiders own 0.99% of the company’s stock.
Several large investors have recently modified their holdings of HOG. Boston Private Wealth LLC increased its stake in shares of Harley-Davidson by 0.5% in the second quarter. Boston Private Wealth LLC now owns 6,360 shares of the company’s stock worth $288,000 after buying an additional 30 shares during the period. Fulton Bank N.A. increased its stake in shares of Harley-Davidson by 0.6% in the third quarter. Fulton Bank N.A. now owns 9,301 shares of the company’s stock worth $489,000 after buying an additional 52 shares during the period. Somerset Trust Co increased its stake in shares of Harley-Davidson by 0.5% in the second quarter. Somerset Trust Co now owns 18,984 shares of the company’s stock worth $860,000 after buying an additional 103 shares during the period. Capstone Asset Management Company increased its stake in shares of Harley-Davidson by 0.8% in the fourth quarter. Capstone Asset Management Company now owns 15,142 shares of the company’s stock worth $687,000 after buying an additional 113 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Harley-Davidson by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,454 shares of the company’s stock worth $429,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 94.88% 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.
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