Harley-Davidson, Inc. (HOG) Stock Rating Upgraded by BidaskClub
Harley-Davidson, Inc. (NYSE:HOG) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.
A number of other research analysts have also weighed in on HOG. Citigroup Inc. cut their price objective on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Longbow Research raised Harley-Davidson from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 15th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush increased their price objective on Harley-Davidson from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. Finally, Royal Bank Of Canada increased their price objective on Harley-Davidson from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $56.53.
Harley-Davidson (HOG) traded down 1.23% during midday trading on Friday, hitting $55.54. The company’s stock had a trading volume of 3,367,903 shares. Harley-Davidson has a one year low of $41.63 and a one year high of $63.40. The company’s 50-day moving average is $53.98 and its 200 day moving average is $57.65. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 15.84 and a beta of 0.81.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business posted $1.36 earnings per share. The firm’s revenue was down 15.7% compared to the same quarter last year. On average, analysts predict that Harley-Davidson will post $3.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Thursday, May 25th were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, May 23rd. Harley-Davidson’s payout ratio is currently 41.60%.
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A number of hedge funds have recently modified their holdings of the stock. Independent Advisor Alliance raised its stake in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. acquired a new stake in shares of Harley-Davidson during the first quarter valued at approximately $200,000. Stokes & Hubbell Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at approximately $201,000. Putnam Investments LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $204,000. Finally, Appleton Group LLC acquired a new stake in shares of Harley-Davidson during the first quarter valued at approximately $210,000. 86.98% 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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