Harley-Davidson Inc (NYSE:HOG) gapped up prior to trading on Tuesday . The stock had previously closed at $25.90, but opened at $25.17. Harley-Davidson shares last traded at $24.78, with a volume of 1,018,508 shares traded.
A number of brokerages recently issued reports on HOG. Citigroup began coverage on Harley-Davidson in a report on Monday. They issued a “buy” rating and a $33.00 target price on the stock. Argus upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, May 5th. BMO Capital Markets lifted their target price on Harley-Davidson from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. William Blair restated a “hold” rating on shares of Harley-Davidson in a report on Thursday, April 23rd. Finally, Wolfe Research upgraded Harley-Davidson from a “peer perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.31.
The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 2.67. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 3.19 and a beta of 1.44. The firm has a 50-day moving average of $23.99 and a two-hundred day moving average of $26.94.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. Harley-Davidson had a return on equity of 24.99% and a net margin of 6.93%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Harley-Davidson Inc will post 1.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 22nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.32%. Harley-Davidson’s dividend payout ratio is presently 2.38%.
In other Harley-Davidson news, Chairman Jochen Zeitz acquired 97,850 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $21.26 per share, with a total value of $2,080,291.00. Following the transaction, the chairman now owns 97,850 shares of the company’s stock, valued at $2,080,291. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HOG. Envestnet Asset Management Inc. increased its stake in Harley-Davidson by 19.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 145,658 shares of the company’s stock valued at $5,417,000 after acquiring an additional 24,208 shares during the period. Prudential Financial Inc. raised its stake in Harley-Davidson by 1.9% during the 4th quarter. Prudential Financial Inc. now owns 147,200 shares of the company’s stock worth $5,474,000 after buying an additional 2,800 shares during the period. Westpac Banking Corp raised its stake in Harley-Davidson by 1.8% during the 4th quarter. Westpac Banking Corp now owns 78,861 shares of the company’s stock worth $2,933,000 after buying an additional 1,372 shares during the period. Teza Capital Management LLC acquired a new stake in Harley-Davidson during the 4th quarter worth $400,000. Finally, Panagora Asset Management Inc. increased its holdings in Harley-Davidson by 15.4% during the 4th quarter. Panagora Asset Management Inc. now owns 22,461 shares of the company’s stock worth $835,000 after purchasing an additional 3,001 shares in the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.
Harley-Davidson Company Profile (NYSE:HOG)
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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