Stifel Nicolaus reissued their hold rating on shares of Harley-Davidson (NYSE:HOG) in a research note published on Wednesday morning, Marketbeat.com reports. The firm currently has a $54.00 target price on the stock, up from their previous target price of $49.00.
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Harley-Davidson from a hold rating to a buy rating and set a $57.00 price objective for the company in a report on Tuesday, January 2nd. BMO Capital Markets reiterated a buy rating and set a $56.00 price objective on shares of Harley-Davidson in a report on Friday, October 13th. Argus upgraded Harley-Davidson from a hold rating to a buy rating and set a $53.00 price objective for the company in a report on Friday, October 20th. TheStreet lowered Harley-Davidson from a b- rating to a c+ rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group reiterated a hold rating on shares of Harley-Davidson in a report on Sunday, October 15th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. Harley-Davidson presently has a consensus rating of Hold and a consensus target price of $53.12.
Shares of Harley-Davidson (NYSE HOG) traded up $0.66 on Wednesday, hitting $53.00. The stock had a trading volume of 1,616,087 shares, compared to its average volume of 2,702,846. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18. The stock has a market cap of $8,920.00, a price-to-earnings ratio of 16.61, a PEG ratio of 1.68 and a beta of 0.96.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.365 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a yield of 2.75%. Harley-Davidson’s dividend payout ratio (DPR) is 45.77%.
In related news, Director Jochen Zeitz sold 1,859 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $88,860.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lawrence G. Hund sold 8,660 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total value of $405,980.80. The disclosure for this sale can be found here. Insiders sold a total of 29,966 shares of company stock valued at $1,435,298 in the last 90 days. 0.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. Steward Partners Investment Advisory LLC purchased a new position in shares of Harley-Davidson during the 3rd quarter valued at about $166,000. TLP Group LLC purchased a new position in shares of Harley-Davidson during the 2nd quarter valued at about $255,000. Parametrica Management Ltd purchased a new position in shares of Harley-Davidson during the 3rd quarter valued at about $269,000. IFM Investors Pty Ltd purchased a new position in shares of Harley-Davidson during the 3rd quarter valued at about $280,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Harley-Davidson by 22.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock valued at $294,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.
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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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