Harley-Davidson (NYSE:HOG) had its target price lifted by Wedbush from $45.00 to $49.00 in a report released on Thursday, MarketBeat Ratings reports. They currently have a neutral rating on the stock.
A number of other research analysts also recently commented on HOG. Morgan Stanley lowered their price objective on shares of Harley-Davidson from $59.00 to $54.00 and set an overweight rating on the stock in a research report on Monday, August 14th. Aegis initiated coverage on shares of Harley-Davidson in a research report on Monday, August 28th. They set a hold rating and a $49.00 price objective on the stock. KeyCorp reaffirmed a sector weight rating on shares of Harley-Davidson in a research report on Thursday, August 31st. BMO Capital Markets reaffirmed a buy rating and set a $56.00 price objective on shares of Harley-Davidson in a research report on Friday, September 8th. Finally, UBS reaffirmed a hold rating and set a $47.00 price objective on shares of Harley-Davidson in a research report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $52.75.
Shares of Harley-Davidson (HOG) traded up $0.01 on Thursday, reaching $51.19. 1,717,862 shares of the company were exchanged, compared to its average volume of 2,290,588. Harley-Davidson has a 52-week low of $44.52 and a 52-week high of $63.40. The stock has a market capitalization of $8,615.02, a P/E ratio of 16.00, a PEG ratio of 1.76 and a beta of 0.96. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The firm had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The firm’s revenue was down 11.9% on a year-over-year basis. equities analysts predict that Harley-Davidson will post 3.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, December 14th. Harley-Davidson’s dividend payout ratio is 45.63%.
In related news, Director Jochen Zeitz sold 1,859 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total transaction of $88,860.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lawrence G. Hund sold 8,660 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total transaction of $405,980.80. The disclosure for this sale can be found here. Insiders sold 58,726 shares of company stock valued at $2,816,641 over the last three months. Insiders own 0.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Janney Montgomery Scott LLC boosted its holdings in shares of Harley-Davidson by 5.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,855 shares of the company’s stock worth $532,000 after buying an additional 500 shares during the period. Korea Investment CORP boosted its holdings in shares of Harley-Davidson by 44.0% during the 2nd quarter. Korea Investment CORP now owns 37,558 shares of the company’s stock worth $2,029,000 after buying an additional 11,472 shares during the period. IFP Advisors Inc boosted its holdings in shares of Harley-Davidson by 8.1% during the 2nd quarter. IFP Advisors Inc now owns 7,464 shares of the company’s stock worth $403,000 after buying an additional 559 shares during the period. Global X Management Co. LLC boosted its holdings in shares of Harley-Davidson by 14.1% during the 2nd quarter. Global X Management Co. LLC now owns 8,628 shares of the company’s stock worth $466,000 after buying an additional 1,063 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Harley-Davidson by 3.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 884,599 shares of the company’s stock worth $47,787,000 after buying an additional 32,979 shares during the period. 96.33% of the stock is owned by institutional investors and hedge funds.
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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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