The Harley-Davidson Inc. (HOG) Stock Rating Reaffirmed by Stifel Nicolaus

The Harley-Davidson Inc. (HOG) Stock Rating Reaffirmed by Stifel Nicolaus

Harley-Davidson Inc. (NYSE:HOG)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a note issued to investors on Friday. They currently have a $50.00 price objective on the stock. Stifel Nicolaus’ price target points to a potential upside of 0.60% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Wedbush reiterated a “hold” rating on shares of Harley-Davidson in a report on Saturday, September 17th. Vetr downgraded shares of Harley-Davidson from a “hold” rating to a “strong sell” rating and set a $46.00 price objective on the stock. in a report on Tuesday, July 5th. Barclays PLC downgraded shares of Harley-Davidson from an “equal weight” rating to an “underperform” rating and decreased their price objective for the company from $49.00 to $45.00 in a report on Friday, July 29th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a report on Monday, August 1st. Finally, Goldman Sachs Group Inc. downgraded shares of Harley-Davidson from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $50.00 in a report on Thursday, June 23rd. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $51.16.

Shares of Harley-Davidson (NYSE:HOG) opened at 49.70 on Friday. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $57.33. The firm has a market cap of $8.98 billion, a PE ratio of 13.23 and a beta of 1.05. The firm has a 50-day moving average of $51.52 and a 200 day moving average of $48.99.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, 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. Stockholders of record on Tuesday, September 13th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, September 9th. Harley-Davidson’s dividend payout ratio is currently 36.65%.

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

A number of hedge funds have recently added to or reduced their stakes in HOG. Mizuho Asset Management Co. Ltd. increased its stake in Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock worth $113,000 after buying an additional 929 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock worth $141,000 after buying an additional 2,417 shares in the last quarter. Pacer Advisors Inc. increased its stake in Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock worth $164,000 after buying an additional 247 shares in the last quarter. Tredje AP fonden increased its stake in Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock worth $174,000 after buying an additional 3,590 shares in the last quarter. Finally, Cutler Capital Management LLC increased its stake in Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock worth $181,000 after buying an additional 1,000 shares in the last quarter. 94.88% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

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