Harley-Davidson (NYSE:HOG) had its price target decreased by Royal Bank of Canada to $40.00 in a research note issued to investors on Tuesday. Royal Bank of Canada currently has a market perform rating on the stock.
Several other equities analysts have also recently weighed in on HOG. Sanford C. Bernstein cut their target price on shares of Harley-Davidson from $52.00 to $45.00 and set a market perform rating for the company in a research note on Monday, March 26th. Longbow Research raised shares of Harley-Davidson from an underperform rating to a neutral rating in a research note on Thursday, March 29th. Zacks Investment Research lowered shares of Harley-Davidson from a hold rating to a sell rating in a research report on Tuesday, April 3rd. Wedbush set a $44.00 price objective on shares of Harley-Davidson and gave the company a hold rating in a research report on Wednesday, April 11th. Finally, Stifel Nicolaus lowered their price objective on shares of Harley-Davidson from $49.00 to $45.00 and set a hold rating for the company in a research report on Friday, April 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $48.63.
Harley-Davidson opened at $41.90 on Tuesday, according to Marketbeat.com. The firm has a market cap of $6.93 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.37 and a beta of 0.89. Harley-Davidson has a fifty-two week low of $39.34 and a fifty-two week high of $56.50. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.11 and a quick ratio of 0.96.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, April 24th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.16. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Harley-Davidson had a net margin of 10.31% and a return on equity of 32.45%. Harley-Davidson’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $1.05 earnings per share. research analysts predict that Harley-Davidson will post 3.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $1.48 annualized dividend and a yield of 3.53%. Harley-Davidson’s dividend payout ratio (DPR) is currently 42.29%.
A number of hedge funds have recently added to or reduced their stakes in HOG. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Harley-Davidson in the 1st quarter worth about $103,000. Banco de Sabadell S.A bought a new stake in shares of Harley-Davidson in the 1st quarter worth about $127,000. Ballew Advisors Inc bought a new stake in shares of Harley-Davidson in the 1st quarter worth about $134,000. Rampart Investment Management Company LLC lifted its holdings in shares of Harley-Davidson by 114.0% in the 1st quarter. Rampart Investment Management Company LLC now owns 4,932 shares of the company’s stock worth $211,000 after acquiring an additional 2,627 shares during the last quarter. Finally, Dynamic Capital Management Ltd bought a new stake in shares of Harley-Davidson in the 4th quarter worth about $255,000. Institutional investors and hedge funds own 95.38% of the company’s stock.
Harley-Davidson Company Profile
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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