Harley-Davidson Inc. (HOG) Price Target Raised to $46.00 at Royal Bank Of Canada
Harley-Davidson Inc. (NYSE:HOG) had its target price lifted by stock analysts at Royal Bank Of Canada from $43.00 to $46.00 in a report released on Wednesday. The firm currently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 15.11% from the company’s current price.
A number of other equities analysts have also weighed in on the company. Wunderlich reiterated a “hold” rating and issued a $52.00 price target on shares of Harley-Davidson in a research report on Tuesday. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 price target on shares of Harley-Davidson in a research report on Friday, October 14th. UBS AG reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, October 14th. Vetr lowered Harley-Davidson from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research report on Tuesday, October 4th. Finally, Jefferies Group assumed coverage on Harley-Davidson in a research report on Friday, September 30th. They issued a “hold” rating and a $49.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. Harley-Davidson has a consensus rating of “Hold” and an average target price of $51.32.
Shares of Harley-Davidson (NYSE:HOG) opened at 54.19 on Wednesday. The stock’s 50 day moving average price is $51.58 and its 200-day moving average price is $49.01. Harley-Davidson has a one year low of $36.36 and a one year high of $57.33. The stock has a market cap of $9.79 billion, a PE ratio of 14.42 and a beta of 1.05.
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Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.64. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The business earned $1.27 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $0.69 EPS. Harley-Davidson’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts predict that Harley-Davidson will post $3.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Friday, September 9th. Harley-Davidson’s payout ratio is 36.65%.
In related news, insider Lawrence G. Hund sold 12,537 shares of the firm’s stock in a transaction that occurred on 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 owns 16,922 shares in the company, valued at $900,758.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul J. Jones sold 2,517 shares of the firm’s stock in a transaction that occurred on 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. Insiders own 0.99% of the company’s stock.
A number of large investors have recently modified their holdings of HOG. MAI Capital Management boosted its stake in shares of Harley-Davidson by 4.5% in the third quarter. MAI Capital Management now owns 19,954 shares of the company’s stock valued at $1,049,000 after buying an additional 859 shares in the last quarter. Putnam FL Investment Management Co. bought a new stake in shares of Harley-Davidson during the third quarter valued at about $804,000. Charter Trust Co. boosted its stake in shares of Harley-Davidson by 20.6% in the third quarter. Charter Trust Co. now owns 7,845 shares of the company’s stock valued at $412,000 after buying an additional 1,341 shares in the last quarter. National Pension Service boosted its stake in shares of Harley-Davidson by 9.4% in the third quarter. National Pension Service now owns 173,457 shares of the company’s stock valued at $9,122,000 after buying an additional 14,931 shares in the last quarter. Finally, MSI Financial Services Inc boosted its stake in shares of Harley-Davidson by 20.4% in the third quarter. MSI Financial Services Inc now owns 5,774 shares of the company’s stock valued at $304,000 after buying an additional 980 shares in the last quarter. Institutional investors 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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