Stifel Nicolaus reiterated their hold rating on shares of Harley-Davidson (NYSE:HOG) in a research report sent to investors on Wednesday, January 17th, Marketbeat reports. Stifel Nicolaus currently has a $54.00 price objective on the stock, up from their previous price objective of $49.00.
HOG has been the subject of several other reports. Longbow Research downgraded Harley-Davidson from a neutral rating to an underperform rating in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded Harley-Davidson from a hold rating to a sell rating in a research note on Wednesday, October 11th. Wedbush set a $45.00 price target on Harley-Davidson and gave the company a hold rating in a research note on Sunday, October 8th. BMO Capital Markets restated a buy rating and issued a $56.00 price target on shares of Harley-Davidson in a research note on Friday, October 13th. Finally, Goldman Sachs Group restated a hold rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $52.00.
Harley-Davidson (NYSE HOG) traded up $0.29 during mid-day trading on Wednesday, reaching $47.83. The company’s stock had a trading volume of 3,497,811 shares, compared to its average volume of 3,455,453. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.06 and a current ratio of 1.23. The company has a market capitalization of $8,049.55, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. equities analysts forecast that Harley-Davidson will post 3.75 EPS for the current fiscal year.
Harley-Davidson declared that its board has approved a share repurchase program on Monday, February 5th that allows the company to buyback 15,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s payout ratio is 48.99%.
In other news, VP Paul J. Jones sold 870 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the completion of the transaction, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Norinchukin Bank The grew its position in Harley-Davidson by 108.4% during the 4th quarter. Norinchukin Bank The now owns 26,457 shares of the company’s stock worth $1,346,000 after acquiring an additional 13,760 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in Harley-Davidson by 10.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 20,148 shares of the company’s stock worth $1,025,000 after acquiring an additional 1,915 shares during the last quarter. American International Group Inc. grew its position in Harley-Davidson by 14.0% during the 4th quarter. American International Group Inc. now owns 57,999 shares of the company’s stock worth $2,951,000 after acquiring an additional 7,136 shares during the last quarter. Schroder Investment Management Group grew its position in Harley-Davidson by 351.3% during the 4th quarter. Schroder Investment Management Group now owns 9,054 shares of the company’s stock worth $461,000 after acquiring an additional 7,048 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Harley-Davidson by 27.2% during the 4th quarter. Bank of New York Mellon Corp now owns 4,049,825 shares of the company’s stock worth $206,054,000 after acquiring an additional 866,348 shares during the last quarter. Institutional investors and hedge funds own 97.11% 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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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