Harley-Davidson, Inc. (HOG) Earns Hold Rating from Analysts at Aegis

Aegis began coverage on shares of Harley-Davidson, Inc. (NYSE:HOG) in a report issued on Monday, August 28th, Marketbeat.com reports. The firm issued a hold rating and a $49.00 target price on the stock.

A number of other brokerages have also issued reports on HOG. BidaskClub raised Harley-Davidson from a hold rating to a buy rating in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a $53.00 target price on shares of Harley-Davidson in a research report on Sunday, June 18th. Zacks Investment Research lowered Harley-Davidson from a hold rating to a sell rating in a research report on Tuesday, June 20th. UBS AG reissued a neutral rating and issued a $57.00 target price on shares of Harley-Davidson in a research report on Monday, June 26th. Finally, Jefferies Group LLC reissued a hold rating and issued a $49.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $53.94.

Shares of Harley-Davidson (NYSE HOG) traded down 1.84% during midday trading on Monday, hitting $48.01. The stock had a trading volume of 3,557,821 shares. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 14.06 and a beta of 0.86. Harley-Davidson has a 52-week low of $45.53 and a 52-week high of $63.40. The firm’s 50 day moving average price is $47.59 and its 200 day moving average price is $53.75.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. On average, equities research analysts expect that Harley-Davidson will post $3.39 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was published by BBNS and is the sole property of of BBNS. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://baseballnewssource.com/markets/aegis-initiates-coverage-on-harley-davidson-inc-hog/1566297.html.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 annualized dividend and a yield of 3.04%. Harley-Davidson’s dividend payout ratio is presently 42.44%.

In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares in the company, valued at $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Harley-Davidson by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock valued at $955,294,000 after acquiring an additional 267,352 shares in the last quarter. Capital Research Global Investors boosted its stake in Harley-Davidson by 605.1% in the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after acquiring an additional 14,359,571 shares in the last quarter. BlackRock Inc. boosted its stake in Harley-Davidson by 1.5% in the second quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after acquiring an additional 154,675 shares in the last quarter. Independent Franchise Partners LLP boosted its stake in Harley-Davidson by 0.6% in the second quarter. Independent Franchise Partners LLP now owns 5,285,536 shares of the company’s stock valued at $285,524,000 after acquiring an additional 33,969 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Harley-Davidson by 1.0% in the second quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock valued at $218,462,000 after acquiring an additional 39,699 shares in the last quarter. Institutional investors own 91.06% 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.

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.