Harley-Davidson, Inc. (NYSE:HOG – Get Rating) has earned an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $46.62.
Several analysts recently weighed in on HOG shares. StockNews.com initiated coverage on Harley-Davidson in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Robert W. Baird cut their price target on Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, April 28th. TheStreet raised Harley-Davidson from a “c+” rating to a “b” rating in a research note on Wednesday, April 27th. Morgan Stanley cut their price target on Harley-Davidson from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, DA Davidson initiated coverage on Harley-Davidson in a research note on Thursday, June 30th. They set a “neutral” rating and a $35.00 price target on the stock.
Harley-Davidson Stock Performance
NYSE:HOG opened at $32.57 on Friday. The stock’s 50-day simple moving average is $33.45 and its 200 day simple moving average is $36.72. The firm has a market capitalization of $4.80 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.88 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.34 and a debt-to-equity ratio of 1.78. Harley-Davidson has a twelve month low of $29.80 and a twelve month high of $44.58.
Harley-Davidson (NYSE:HOG – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.07). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.33 billion. Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.68 earnings per share. On average, analysts anticipate that Harley-Davidson will post 4.16 EPS for the current fiscal year.
Harley-Davidson Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Thursday, June 2nd were paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, June 1st. Harley-Davidson’s dividend payout ratio is currently 15.87%.
Hedge Funds Weigh In On Harley-Davidson
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Harley-Davidson in the fourth quarter worth approximately $27,000. Allegheny Financial Group LTD bought a new stake in Harley-Davidson in the fourth quarter worth approximately $27,000. Lazard Asset Management LLC bought a new stake in Harley-Davidson in the first quarter worth approximately $31,000. Spire Wealth Management increased its holdings in Harley-Davidson by 89.4% in the fourth quarter. Spire Wealth Management now owns 945 shares of the company’s stock worth $36,000 after purchasing an additional 446 shares in the last quarter. Finally, Covestor Ltd bought a new stake in Harley-Davidson in the fourth quarter worth approximately $36,000. 91.69% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.
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