Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $48.16.
A number of research firms recently commented on HOG. Bank of America reissued a “buy” rating and issued a $70.00 price target on shares of Harley-Davidson in a research report on Friday, June 11th. Tigress Financial reaffirmed a “buy” rating and set a $56.00 target price on shares of Harley-Davidson in a research report on Friday, September 10th. Zacks Investment Research downgraded Harley-Davidson from a “buy” rating to a “hold” rating and set a $39.00 target price for the company. in a research note on Tuesday. Royal Bank of Canada cut their target price on Harley-Davidson from $48.00 to $41.00 and set a “sector perform” rating for the company in a research note on Thursday, July 22nd. Finally, Morgan Stanley raised their target price on Harley-Davidson from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, July 22nd.
Several hedge funds have recently bought and sold shares of the company. Red Door Wealth Management LLC purchased a new stake in Harley-Davidson during the second quarter valued at $27,000. FORA Capital LLC purchased a new stake in Harley-Davidson during the second quarter valued at $29,000. Newbridge Financial Services Group Inc. purchased a new stake in Harley-Davidson during the second quarter valued at $32,000. O Shaughnessy Asset Management LLC grew its holdings in Harley-Davidson by 207.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 821 shares of the company’s stock valued at $33,000 after purchasing an additional 554 shares during the period. Finally, Berman Capital Advisors LLC grew its holdings in Harley-Davidson by 55.3% during the first quarter. Berman Capital Advisors LLC now owns 1,132 shares of the company’s stock valued at $45,000 after purchasing an additional 403 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 20th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.24. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.38 billion. Harley-Davidson had a return on equity of 29.87% and a net margin of 10.53%. Harley-Davidson’s revenue for the quarter was up 128.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.60) earnings per share. Equities research analysts anticipate that Harley-Davidson will post 3.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 10th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, September 9th. Harley-Davidson’s dividend payout ratio (DPR) is 77.92%.
Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser and touring motorcycles. It operates through the following segments: Motorcycles & Related Products; and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.
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