Shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) have been assigned an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $46.62.
HOG has been the topic of a number of recent research reports. Northcoast Research reaffirmed a “neutral” rating on shares of Harley-Davidson in a research report on Tuesday, May 17th. Wolfe Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Harley-Davidson in a research report on Friday, May 20th. Robert W. Baird dropped their price target on Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, April 28th. StockNews.com initiated coverage on Harley-Davidson in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, BMO Capital Markets dropped their price target on Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 28th.
Harley-Davidson Stock Up 3.7 %
HOG stock opened at $32.57 on Friday. The stock’s fifty day simple moving average is $33.45 and its two-hundred day simple moving average is $36.72. The company has a current ratio of 1.34, a quick ratio of 1.12 and a debt-to-equity ratio of 1.78. Harley-Davidson has a 1-year low of $29.80 and a 1-year high of $44.58. The stock has a market cap of $4.80 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.88 and a beta of 1.29.
Harley-Davidson (NYSE:HOG – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.07). Harley-Davidson had a return on equity of 27.07% and a net margin of 11.78%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm posted $1.68 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Harley-Davidson will post 4.16 EPS for the current year.
Harley-Davidson Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Thursday, June 2nd were issued a dividend of $0.157 per share. The ex-dividend date was Wednesday, June 1st. This represents a $0.63 dividend on an annualized basis and a yield of 1.93%. Harley-Davidson’s dividend payout ratio (DPR) is 15.87%.
Institutional Trading of Harley-Davidson
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Harley-Davidson by 1.5% during the 1st quarter. BlackRock Inc. now owns 12,727,257 shares of the company’s stock worth $501,454,000 after purchasing an additional 194,089 shares in the last quarter. H Partners Management LLC increased its stake in Harley-Davidson by 2.4% in the 1st quarter. H Partners Management LLC now owns 12,600,000 shares of the company’s stock worth $496,440,000 after acquiring an additional 300,000 shares during the last quarter. Beutel Goodman & Co Ltd. increased its stake in Harley-Davidson by 3.0% in the 1st quarter. Beutel Goodman & Co Ltd. now owns 7,208,664 shares of the company’s stock worth $284,021,000 after acquiring an additional 210,360 shares during the last quarter. LSV Asset Management increased its stake in Harley-Davidson by 1.6% in the 1st quarter. LSV Asset Management now owns 4,985,954 shares of the company’s stock worth $196,447,000 after acquiring an additional 78,466 shares during the last quarter. Finally, State Street Corp increased its stake in Harley-Davidson by 5.6% in the 1st quarter. State Street Corp now owns 4,111,284 shares of the company’s stock worth $161,985,000 after acquiring an additional 216,545 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
Receive News & Ratings for Harley-Davidson Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson and related companies with MarketBeat.com’s FREE daily email newsletter.