Equities research analysts at Jefferies Group initiated coverage on shares of Harley-Davidson Inc. (NYSE:HOG) in a report issued on Friday. The firm set a “hold” rating and a $49.00 price target on the stock. Jefferies Group’s target price would indicate a potential downside of 3.92% from the company’s current price.
Other equities analysts have also issued reports about the company. Wedbush restated a “hold” rating on shares of Harley-Davidson in a report on Saturday, September 17th. Vetr lowered Harley-Davidson from a “hold” rating to a “strong sell” rating and set a $46.00 target price on the stock. in a report on Tuesday, July 5th. Barclays PLC lowered Harley-Davidson from an “equal weight” rating to an “underperform” rating and cut their target price for the company from $49.00 to $45.00 in a report on Friday, July 29th. Stifel Nicolaus lowered Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, July 15th. They noted that the move was a valuation call. Finally, Longbow Research restated a “hold” rating on shares of Harley-Davidson in a report on Wednesday, June 15th. Five equities 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 company has a consensus rating of “Hold” and a consensus target price of $51.16.
Shares of Harley-Davidson (NYSE:HOG) opened at 51.00 on Friday. The firm has a market cap of $9.21 billion, a PE ratio of 13.57 and a beta of 1.05. The firm’s 50-day moving average price is $52.54 and its 200 day moving average price is $48.92. Harley-Davidson has a 52 week low of $36.36 and a 52 week high of $57.33.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The business earned $1.86 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $1.44 earnings per share. Harley-Davidson’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Harley-Davidson will post $3.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, September 9th. Harley-Davidson’s payout ratio is 36.65%.
In other Harley-Davidson news, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $54.03, for a total transaction of $135,993.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $53.23, for a total value of $667,344.51. Following the sale, the insider now directly owns 16,922 shares in the company, valued at $900,758.06. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HOG. Mizuho Asset Management Co. Ltd. increased its stake in Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock worth $113,000 after buying an additional 929 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock worth $141,000 after buying an additional 2,417 shares during the last quarter. Pacer Advisors Inc. increased its stake in Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock worth $164,000 after buying an additional 247 shares during the last quarter. Tredje AP fonden increased its stake in Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock worth $174,000 after buying an additional 3,590 shares during the last quarter. Finally, Cutler Capital Management LLC increased its stake in Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock worth $181,000 after buying an additional 1,000 shares during the last quarter. 94.90% 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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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