Vetr upgraded shares of Harley-Davidson Inc. (NYSE:HOG) from a hold rating to a buy rating in a research note released on Wednesday morning. The firm currently has $53.25 price objective on the stock.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

HOG has been the topic of a number of other research reports. Argus restated a hold rating on shares of Harley-Davidson in a research note on Monday, August 1st. Goldman Sachs Group Inc. reiterated a neutral rating and issued a $47.00 price target on shares of Harley-Davidson in a report on Wednesday, August 3rd. BMO Capital Markets reiterated an outperform rating and issued a $66.00 price target on shares of Harley-Davidson in a report on Friday, September 9th. Barclays PLC reiterated an equal weight rating and issued a $49.00 price target on shares of Harley-Davidson in a report on Thursday, July 7th. Finally, Wedbush reiterated a hold rating on shares of Harley-Davidson in a report on Saturday, September 17th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. Harley-Davidson presently has a consensus rating of Hold and a consensus target price of $51.40.

Shares of Harley-Davidson (NYSE:HOG) opened at 52.42 on Wednesday. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 13.95 and a beta of 1.09. The firm’s 50-day moving average is $52.80 and its 200 day moving average is $48.66. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $57.33.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company earned $1.44 EPS. Harley-Davidson’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts expect that Harley-Davidson will post $3.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th will be given a $0.35 dividend. The ex-dividend date is Friday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.67%. Harley-Davidson’s payout ratio is presently 36.65%.

In related news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction of $667,344.51. Following the completion of the transaction, the insider now owns 16,922 shares in the company, valued at approximately $900,758.06. The transaction was disclosed in a document filed 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 stock was sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. raised its position 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 valued at $113,000 after buying an additional 929 shares during the period. Tower Research Capital LLC TRC raised its position 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 valued at $141,000 after buying an additional 2,417 shares during the period. Pacer Advisors Inc. raised its position in Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock valued at $164,000 after buying an additional 247 shares during the period. Tredje AP fonden raised its position in Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock valued at $174,000 after buying an additional 3,590 shares during the period. Finally, Cutler Capital Management LLC raised its position in Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock valued at $181,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

About Harley-Davidson

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.

5 Day Chart for NYSE:HOG

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