BMO Capital Markets reiterated their buy rating on shares of Harley-Davidson, Inc. (NYSE:HOG) in a research report released on Friday, September 8th. BMO Capital Markets currently has a $56.00 target price on the stock.
Several other analysts have also recently issued reports on HOG. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $51.00 target price (down from $53.00) on shares of Harley-Davidson in a research note on Thursday, July 13th. Tigress Financial reiterated a buy rating on shares of Harley-Davidson in a research note on Friday, July 21st. Aegis began coverage on shares of Harley-Davidson in a research note on Monday, August 28th. They issued a hold rating and a $49.00 target price on the stock. Jefferies Group LLC reiterated a hold rating and issued a $49.00 target price on shares of Harley-Davidson in a research note on Tuesday, July 4th. Finally, Barclays PLC lowered their target price on shares of Harley-Davidson from $52.00 to $45.00 and set an underperform rating on the stock in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $53.94.
Harley-Davidson (NYSE HOG) traded down 1.84% during mid-day trading on Friday, reaching $48.01. The company had a trading volume of 3,557,821 shares. The firm’s 50-day moving average price is $47.59 and its 200-day moving average price is $53.75. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40. The stock has a market cap of $8.37 billion, a PE ratio of 14.06 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. Harley-Davidson’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 EPS. Equities research analysts forecast that Harley-Davidson will post $3.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be given a $0.365 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 annualized dividend and a dividend yield of 3.04%. Harley-Davidson’s dividend payout ratio is 42.44%.
In related news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank lifted its position in Harley-Davidson by 24.6% during the 2nd quarter. Toronto Dominion Bank now owns 59,313 shares of the company’s stock valued at $3,203,000 after acquiring an additional 11,723 shares during the period. Bank of Nova Scotia lifted its position in Harley-Davidson by 106.1% during the 2nd quarter. Bank of Nova Scotia now owns 83,126 shares of the company’s stock valued at $4,489,000 after acquiring an additional 42,800 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Harley-Davidson during the 2nd quarter valued at about $859,000. Cubist Systematic Strategies LLC lifted its position in Harley-Davidson by 138.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,031 shares of the company’s stock valued at $866,000 after acquiring an additional 9,295 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Harley-Davidson by 2,910.0% during the 2nd quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after acquiring an additional 541,280 shares during the period. 91.06% of the stock is 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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