News coverage about Harley-Davidson (NYSE:HOG) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Harley-Davidson earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.4938403824744 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- One Stock for Low Risk Investors: Harley-Davidson, Inc. (HOG) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Harley-Davidson union turns to Trump to save KC plant – Kansas City Business Journal (bizjournals.com)
- Harley-Davidson: Starting My Engine – Seeking Alpha (seekingalpha.com)
- Is Polaris Industries' New Bike a Step in the Wrong Direction? (finance.yahoo.com)
- Critical Survey: Harley-Davidson (HOG) and Its Competitors (americanbankingnews.com)
Harley-Davidson stock traded down $0.61 during mid-day trading on Thursday, reaching $42.67. 381,277 shares of the company’s stock were exchanged, compared to its average volume of 3,030,814. Harley-Davidson has a 12 month low of $42.30 and a 12 month high of $62.95. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49. The stock has a market cap of $7,241.79, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.47%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s dividend payout ratio (DPR) is currently 49.66%.
Harley-Davidson declared that its board has initiated a share repurchase plan on Monday, February 5th that permits the company to repurchase 15,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
HOG has been the subject of several analyst reports. Goldman Sachs downgraded Harley-Davidson to a “hold” rating and set a $43.00 price target for the company. in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Friday, February 2nd. Wedbush upped their price target on shares of Harley-Davidson from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, December 7th. Stifel Nicolaus decreased their price target on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, January 31st. Finally, Wells Fargo raised shares of Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $52.00.
In other Harley-Davidson news, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $47.62, for a total value of $41,429.40. Following the sale, the vice president now directly owns 3,399 shares in the company, valued at approximately $161,860.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $47.74, for a total transaction of $66,883.74. The disclosure for this sale can be found here. Company insiders own 0.70% 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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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