Harley-Davidson Inc (HOG) Given Consensus Recommendation of “Hold” by Brokerages
Harley-Davidson Inc (NYSE:HOG) has been assigned an average recommendation of “Hold” from the twenty-four ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $56.47.
Several brokerages recently issued reports on HOG. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Royal Bank of Canada increased their price objective on Harley-Davidson from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price objective on shares of Harley-Davidson in a report on Thursday, April 6th.
Shares of Harley-Davidson (NYSE:HOG) traded up 1.16% during midday trading on Friday, hitting $52.46. The stock had a trading volume of 1,101,168 shares. Harley-Davidson has a 1-year low of $41.63 and a 1-year high of $63.40. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 14.96 and a beta of 0.88. The firm has a 50-day moving average price of $56.37 and a 200-day moving average price of $58.35.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company earned $1.36 earnings per share. Harley-Davidson’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson will post $3.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio is currently 38.22%.
Several large investors have recently modified their holdings of HOG. D.A. Davidson & CO. increased its stake in shares of Harley-Davidson by 26.2% in the third quarter. D.A. Davidson & CO. now owns 34,926 shares of the company’s stock valued at $1,835,000 after buying an additional 7,242 shares in the last quarter. First Fiduciary Investment Counsel Inc. increased its stake in shares of Harley-Davidson by 42.1% in the third quarter. First Fiduciary Investment Counsel Inc. now owns 225,754 shares of the company’s stock valued at $11,872,000 after buying an additional 66,899 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Harley-Davidson by 217.5% in the third quarter. Mackenzie Financial Corp now owns 380,362 shares of the company’s stock valued at $20,003,000 after buying an additional 260,551 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Harley-Davidson during the third quarter valued at about $1,453,000. Finally, Boston Private Wealth LLC increased its stake in shares of Harley-Davidson by 8.2% in the third quarter. Boston Private Wealth LLC now owns 6,880 shares of the company’s stock valued at $362,000 after buying an additional 520 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors.
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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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