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.
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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.
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