ValuEngine upgraded shares of Harley-Davidson (NYSE:HOG) from a strong sell rating to a sell rating in a research report released on Monday, February 4th.
A number of other research firms have also recently weighed in on HOG. Zacks Investment Research cut Harley-Davidson from a hold rating to a sell rating in a research report on Tuesday, October 9th. Goldman Sachs Group set a $45.00 price target on Harley-Davidson and gave the company a hold rating in a report on Tuesday, October 16th. Royal Bank of Canada reduced their price target on Harley-Davidson from $45.00 to $43.00 and set a sector perform rating for the company in a report on Wednesday, October 17th. BMO Capital Markets reissued a market perform rating and issued a $45.00 price target (down from $52.00) on shares of Harley-Davidson in a report on Friday, October 19th. Finally, Wells Fargo & Co reduced their price target on Harley-Davidson from $49.00 to $46.00 and set an outperform rating for the company in a report on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $44.00.
Shares of HOG traded up $0.76 during mid-day trading on Monday, reaching $37.88. The company’s stock had a trading volume of 1,631,359 shares, compared to its average volume of 2,523,585. Harley-Davidson has a 12-month low of $31.36 and a 12-month high of $46.79. The company has a market cap of $6.04 billion, a P/E ratio of 10.02, a PEG ratio of 1.33 and a beta of 1.17. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.09 and a current ratio of 1.25.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, January 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). The firm had revenue of $955.63 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Harley-Davidson had a return on equity of 30.76% and a net margin of 9.30%. The company’s quarterly revenue was up 91173.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. As a group, analysts predict that Harley-Davidson will post 3.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 14th will be given a dividend of $0.375 per share. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $1.50 annualized dividend and a yield of 3.96%. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.15%.
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Harley-Davidson by 1.3% in the third quarter. Vanguard Group Inc. now owns 17,623,452 shares of the company’s stock valued at $798,342,000 after purchasing an additional 232,373 shares during the period. Vanguard Group Inc grew its position in shares of Harley-Davidson by 1.3% in the third quarter. Vanguard Group Inc now owns 17,623,452 shares of the company’s stock valued at $798,342,000 after purchasing an additional 232,373 shares during the period. Bank of New York Mellon Corp grew its position in shares of Harley-Davidson by 88.7% in the fourth quarter. Bank of New York Mellon Corp now owns 13,331,185 shares of the company’s stock valued at $454,860,000 after purchasing an additional 6,264,678 shares during the period. BlackRock Inc. grew its position in shares of Harley-Davidson by 0.5% in the fourth quarter. BlackRock Inc. now owns 10,863,182 shares of the company’s stock valued at $370,651,000 after purchasing an additional 53,565 shares during the period. Finally, Dodge & Cox grew its position in shares of Harley-Davidson by 13.2% in the third quarter. Dodge & Cox now owns 9,767,376 shares of the company’s stock valued at $442,462,000 after purchasing an additional 1,141,650 shares during the period. 91.57% of the stock is owned by institutional investors.
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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