The Harley-Davidson Inc. (HOG) Stock Rating Reaffirmed by UBS AG

The Harley-Davidson Inc. (HOG) Stock Rating Reaffirmed by UBS AG

Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “hold” rating reaffirmed by analysts at UBS AG in a research report issued on Friday.

HOG has been the topic of a number of other research reports. Vetr upgraded Harley-Davidson from a “sell” rating to a “hold” rating and set a $53.25 price target on the stock in a research report on Tuesday, August 23rd. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Monday, August 1st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Harley-Davidson in a research note on Wednesday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Harley-Davidson in a research note on Friday, September 9th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $49.00 price objective on shares of Harley-Davidson in a research note on Thursday, July 7th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $51.16.

Shares of Harley-Davidson (NYSE:HOG) traded down 0.61% on Friday, hitting $50.11. The stock had a trading volume of 1,246,581 shares. Harley-Davidson has a 1-year low of $36.36 and a 1-year high of $57.33. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 13.33 and a beta of 1.05. The firm has a 50 day moving average of $51.70 and a 200-day moving average of $48.99.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $1.44 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts predict that Harley-Davidson will post $3.87 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.78%. Harley-Davidson’s payout ratio is currently 36.65%.

In related news, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.03, for a total value of $135,993.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $53.23, for a total transaction of $667,344.51. Following the completion of the transaction, the insider now owns 16,922 shares of the company’s stock, valued at $900,758.06. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. National Pension Service increased its stake in Harley-Davidson by 9.4% in the third quarter. National Pension Service now owns 173,457 shares of the company’s stock worth $9,122,000 after buying an additional 14,931 shares during the period. MSI Financial Services Inc increased its stake in Harley-Davidson by 20.4% in the third quarter. MSI Financial Services Inc now owns 5,774 shares of the company’s stock worth $304,000 after buying an additional 980 shares during the period. Gulf International Bank UK Ltd increased its stake in Harley-Davidson by 4.1% in the third quarter. Gulf International Bank UK Ltd now owns 55,819 shares of the company’s stock worth $2,935,000 after buying an additional 2,200 shares during the period. CHICAGO TRUST Co NA increased its stake in Harley-Davidson by 2.3% in the third quarter. CHICAGO TRUST Co NA now owns 38,843 shares of the company’s stock worth $2,043,000 after buying an additional 891 shares during the period. Finally, Capstone Asset Management Co. increased its stake in Harley-Davidson by 1.0% in the third quarter. Capstone Asset Management Co. now owns 14,537 shares of the company’s stock worth $765,000 after buying an additional 150 shares during the period. Institutional investors own 94.90% of the company’s stock.

Harley-Davidson Company Profile

Related posts

Leave a Comment