Other research analysts have also recently issued research reports about the company. Wedbush restated a hold rating on shares of Harley-Davidson in a research report on Saturday, September 17th. Barclays PLC cut Harley-Davidson from an equal weight rating to an underperform rating and decreased their target price for the company from $49.00 to $45.00 in a research report on Friday, July 29th. Stifel Nicolaus cut Harley-Davidson from a buy rating to a hold rating in a research report on Friday, July 15th. They noted that the move was a valuation call. Longbow Research reiterated a hold rating on shares of Harley-Davidson in a research report on Wednesday, June 15th. Finally, Argus reiterated a hold rating on shares of Harley-Davidson in a research report on Monday, August 1st. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $51.16.
Harley-Davidson (NYSE:HOG) opened at 50.16 on Monday. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $57.33. The stock has a market capitalization of $9.06 billion, a P/E ratio of 13.35 and a beta of 1.05. The stock has a 50 day moving average of $52.20 and a 200 day moving average of $48.95.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.55 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the business earned $1.44 earnings per share. Harley-Davidson’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that Harley-Davidson will post $3.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.79%. Harley-Davidson’s dividend payout ratio is 36.65%.
In other news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $53.23, for a total transaction of $667,344.51. Following the completion of the sale, the insider now owns 16,922 shares in the company, valued at $900,758.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.03, for a total value of $135,993.51. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.
Several large investors have recently added to or reduced their stakes in HOG. Aperio Group LLC increased its stake in Harley-Davidson by 16.9% in the first quarter. Aperio Group LLC now owns 53,066 shares of the company’s stock valued at $2,724,000 after buying an additional 7,690 shares in the last quarter. Ngam Advisors L.P. increased its stake in Harley-Davidson by 59.5% in the first quarter. Ngam Advisors L.P. now owns 43,187 shares of the company’s stock valued at $2,217,000 after buying an additional 16,113 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Harley-Davidson during the first quarter valued at approximately $1,851,000. M&T Bank Corp increased its stake in Harley-Davidson by 61.2% in the first quarter. M&T Bank Corp now owns 46,065 shares of the company’s stock valued at $2,364,000 after buying an additional 17,483 shares in the last quarter. Finally, Credit Agricole S A increased its stake in Harley-Davidson by 41.9% in the first quarter. Credit Agricole S A now owns 462,570 shares of the company’s stock valued at $23,745,000 after buying an additional 136,579 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
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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