Wedbush Reiterates Hold Rating for Harley-Davidson, Inc. (HOG)
Harley-Davidson, Inc. (NYSE:HOG)‘s stock had its “hold” rating reiterated by equities research analysts at Wedbush in a note issued to investors on Friday.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. RBC Capital Markets upgraded shares of Harley-Davidson from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $46.00 to $57.00 in a research report on Tuesday, November 15th. Jefferies Group initiated coverage on shares of Harley-Davidson in a research report on Friday, September 30th. They set a “hold” rating and a $49.00 price objective for the company. Royal Bank Of Canada upgraded shares of Harley-Davidson from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $46.00 to $57.00 in a research report on Tuesday, November 15th. Finally, Stifel Nicolaus upped their price objective on shares of Harley-Davidson from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, October 20th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and an average target price of $54.47.
Shares of Harley-Davidson (NYSE:HOG) traded up 0.39% during trading on Friday, hitting $58.55. 605,564 shares of the stock were exchanged. The firm’s 50 day moving average price is $59.57 and its 200-day moving average price is $54.30. Harley-Davidson has a 52 week low of $36.36 and a 52 week high of $62.35. The stock has a market cap of $10.45 billion, a P/E ratio of 15.68 and a beta of 0.95.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.64. Harley-Davidson had a net margin of 12.86% and a return on equity of 35.49%. The company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts predict that Harley-Davidson will post $3.87 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were issued a $0.35 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.40%. Harley-Davidson’s dividend payout ratio is currently 37.14%.
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In other news, Director Donald A. James sold 100,000 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $56.13, for a total value of $5,613,000.00. Following the completion of the sale, the director now owns 5,523 shares in the company, valued at $310,005.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lawrence G. Hund sold 28,271 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.00, for a total transaction of $1,696,260.00. Following the completion of the sale, the insider now owns 25,438 shares of the company’s stock, valued at approximately $1,526,280. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in HOG. HL Financial Services LLC increased its stake in shares of Harley-Davidson by 10.5% in the second quarter. HL Financial Services LLC now owns 1,051,021 shares of the company’s stock valued at $47,611,000 after buying an additional 99,490 shares in the last quarter. Becker Capital Management Inc. increased its stake in Harley-Davidson by 17.1% in the second quarter. Becker Capital Management Inc. now owns 769,573 shares of the company’s stock worth $34,862,000 after buying an additional 112,533 shares during the period. Schroder Investment Management Group increased its stake in Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock worth $70,408,000 after buying an additional 1,111,788 shares during the period. PGGM Investments increased its stake in Harley-Davidson by 29.1% in the second quarter. PGGM Investments now owns 777,640 shares of the company’s stock worth $35,227,000 after buying an additional 175,384 shares during the period. Finally, Boston Partners increased its stake in Harley-Davidson by 9.3% in the third quarter. Boston Partners now owns 1,751,244 shares of the company’s stock worth $92,098,000 after buying an additional 148,366 shares during the period. Institutional investors own 91.50% of the company’s stock.
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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