HOG has been the topic of a number of other research reports. Zacks Investment Research downgraded Harley-Davidson from a hold rating to a sell rating in a research report on Wednesday, October 11th. Wedbush set a $45.00 price objective on Harley-Davidson and gave the stock a hold rating in a research report on Sunday, October 8th. BidaskClub upgraded Harley-Davidson from a hold rating to a buy rating in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) restated a neutral rating and set a $51.00 price target (down previously from $53.00) on shares of Harley-Davidson in a research report on Thursday, July 13th. Finally, BMO Capital Markets restated a buy rating and set a $56.00 price target on shares of Harley-Davidson in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $52.47.
Shares of Harley-Davidson (NYSE HOG) traded up 0.15% during midday trading on Wednesday, reaching $48.09. The company had a trading volume of 1,965,269 shares. The company has a market capitalization of $8.39 billion, a PE ratio of 14.08 and a beta of 0.87. Harley-Davidson has a one year low of $45.53 and a one year high of $63.40. The company has a 50 day moving average of $47.65 and a 200 day moving average of $51.69.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. During the same quarter last year, the business posted $0.64 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year. Analysts predict that Harley-Davidson will post $3.42 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th were paid a dividend of $0.365 per share. The ex-dividend date of this dividend was Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.04%. Harley-Davidson’s dividend payout ratio (DPR) is currently 45.63%.
In related news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneva Advisors LLC grew its stake in shares of Harley-Davidson by 5.4% in the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after purchasing an additional 200 shares during the last quarter. Northside Capital Management LLC bought a new stake in shares of Harley-Davidson in the first quarter worth about $218,000. Wedbush Securities Inc. grew its stake in shares of Harley-Davidson by 20.7% in the second quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock worth $220,000 after purchasing an additional 700 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after purchasing an additional 102 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in shares of Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock worth $232,000 after purchasing an additional 72 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors.
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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