HOG has been the topic of a number of other research reports. BidaskClub upgraded Harley-Davidson from a hold rating to a buy rating in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $51.00 price objective (down previously from $53.00) on shares of Harley-Davidson in a report on Thursday, July 13th. BMO Capital Markets reiterated a buy rating and issued a $56.00 price objective on shares of Harley-Davidson in a report on Friday, September 8th. Aegis initiated coverage on Harley-Davidson in a report on Monday, August 28th. They issued a hold rating and a $49.00 price objective on the stock. Finally, Jefferies Group LLC reiterated a hold rating and issued a $49.00 price objective on shares of Harley-Davidson in a report on Tuesday, July 4th. Two equities research 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 presently has a consensus rating of Hold and a consensus price target of $53.94.
Shares of Harley-Davidson (NYSE HOG) opened at 48.01 on Wednesday. Harley-Davidson has a one year low of $45.53 and a one year high of $63.40. The firm has a 50-day moving average price of $47.59 and a 200 day moving average price of $53.75. The firm has a market cap of $8.37 billion, a P/E ratio of 14.06 and a beta of 0.86.
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. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts forecast that Harley-Davidson will post $3.39 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.46 annualized dividend and a dividend yield of 3.04%. Harley-Davidson’s dividend payout ratio is currently 42.44%.
In other news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of HOG. Toronto Dominion Bank raised its holdings in Harley-Davidson by 24.6% during the second quarter. Toronto Dominion Bank now owns 59,313 shares of the company’s stock worth $3,203,000 after purchasing an additional 11,723 shares during the last quarter. Bank of Nova Scotia raised its holdings in Harley-Davidson by 106.1% during the second quarter. Bank of Nova Scotia now owns 83,126 shares of the company’s stock worth $4,489,000 after purchasing an additional 42,800 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Harley-Davidson during the second quarter worth $859,000. Cubist Systematic Strategies LLC raised its holdings in Harley-Davidson by 138.0% during the second quarter. Cubist Systematic Strategies LLC now owns 16,031 shares of the company’s stock worth $866,000 after purchasing an additional 9,295 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Harley-Davidson by 2,910.0% during the second quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock worth $30,245,000 after purchasing an additional 541,280 shares during the last quarter. 91.06% of the stock is owned by institutional investors and hedge funds.
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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