Harley-Davidson (NYSE:HOG) had its price objective boosted by Wedbush from $45.00 to $49.00 in a research note issued to investors on Thursday morning, MarketBeat.com reports. Wedbush currently has a neutral rating on the stock.
HOG has been the topic of several other reports. Zacks Investment Research cut shares of Harley-Davidson from a hold rating to a sell rating in a research report on Wednesday, October 11th. BMO Capital Markets reaffirmed a buy rating and set a $56.00 price target on shares of Harley-Davidson in a research report on Friday, October 13th. Aegis initiated coverage on shares of Harley-Davidson in a research report on Monday, August 28th. They set a hold rating and a $49.00 price target on the stock. Goldman Sachs Group reaffirmed a hold rating on shares of Harley-Davidson in a research report on Sunday, October 15th. Finally, UBS reaffirmed a hold rating and set a $47.00 price target on shares of Harley-Davidson in a research report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $52.75.
Shares of Harley-Davidson (NYSE:HOG) opened at $51.19 on Thursday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40. The stock has a market cap of $8,615.03, a P/E ratio of 16.00, a P/E/G ratio of 1.76 and a beta of 0.96.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business had revenue of $962.10 million for the quarter, compared to analysts’ expectations of $959.41 million. During the same period last year, the company earned $0.64 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. analysts anticipate that Harley-Davidson will post 3.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.365 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.85%. Harley-Davidson’s dividend payout ratio is currently 45.63%.
In other news, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the sale, the chief financial officer now owns 65,722 shares in the company, valued at $3,156,627.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $48.36, for a total transaction of $940,456.92. Following the sale, the chief executive officer now owns 88,646 shares in the company, valued at approximately $4,286,920.56. The disclosure for this sale can be found here. Insiders have sold 58,726 shares of company stock worth $2,816,641 in the last quarter. Insiders own 0.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Matrix Asset Advisors Inc. NY raised its stake in shares of Harley-Davidson by 8.0% during the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock valued at $10,139,000 after purchasing an additional 13,897 shares during the period. Parthenon LLC increased its stake in shares of Harley-Davidson by 32.4% in the third quarter. Parthenon LLC now owns 15,849 shares of the company’s stock worth $764,000 after buying an additional 3,875 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Harley-Davidson in the third quarter worth $960,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Harley-Davidson by 26.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 207,559 shares of the company’s stock worth $10,006,000 after buying an additional 42,983 shares during the last quarter. Finally, Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 53.3% in the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after buying an additional 2,815,749 shares during the last quarter. Institutional investors own 96.33% of the company’s stock.
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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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