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MarketBeat reports that Harley-Davidson Inc. (NYSE: HOG) received an average rating of "Hold" from the fifteen research firms that currently cover the company. Three investment analysts evaluated the action with a recommendation to sell, six awarded a retainer recommendation and five assigned a buy recommendation to the company. The average one-year price target among brokers having stocked over the past year is $ 48.30.
A number of equity analysts have recently commented on HOG shares. In a research report released Tuesday, July 24, ValuEngine raised the Harley-Davidson rating from the "strong selling" category to the "sales" rating. In a research report on Monday, June 11, Zacks Investment Research lowered Harley-Davidson's rating from a "buy" rating to a "hold" rating. Morgan Stanley lowered its price target on Harley-Davidson from $ 54.00 to $ 53.00 and set an "overweight" rating for the company in a research report released Friday, June 29. Argus increased its Harley-Davidson price target from $ 48.00 to $ 50.00 and gave the stock a "buy" rating in a research report on Wednesday, June 20th. Finally, Royal Bank of Canada lowered its price target on Harley-Davidson to $ 40.00 and set a "market performance" rating for the company in a research report on Tuesday, June 26th.
NYSE HOG traded at $ 0.28 on Friday, reaching $ 44.27. The share had a trading volume of 1,655,525 shares, compared with an average volume of 1,592,707 shares. The company has a market capitalization of $ 7.41 billion, a P / E ratio of 12.65, a P / E / G ratio of 1.44 and a beta of 0.97. The company has a debt / equity ratio of 2.25, a current ratio of 1.35 and a fast ratio of 1.21. Harley-Davidson has a 12-month low at $ 39.34 and a twelve-month high at $ 56.50.
Harley-Davidson (NYSE: HOG) last released its results on Tuesday, July 24. The company posted earnings per share of $ 1.52 for the quarter, exceeding the consensus estimate of $ 1.41 to $ 0.11. The company achieved a turnover of $ 1.53 billion during the quarter, compared to a consensus estimate of $ 1.43 billion. Harley-Davidson posted a return on equity of 31.70% and a net margin of 10.08%. Harley-Davidson sales were down 3.3% from the same quarter last year. During the same period last year, the company recorded $ 1.48 per share. Analysts predict that Harley-Davidson will post EPS 3.87 compared to the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28. Shareholders of record on Tuesday, September 18 will receive a dividend of $ 0.37 per share. This represents an annualized dividend of $ 1.48 and a dividend yield of 3.34%. The ex-dividend date is Monday, September 17th. The Harley-Davidson payout ratio is currently 42.29%.
In addition, Chief Financial Officer John A. Olin sold 12,587 shares of the company in a deal that took place on Tuesday, August 28th. The stock was sold at an average price of $ 43.48, for a total transaction of $ 547,282.76. Following the sale, the CFO now holds 55,016 shares of the company, valued at $ 2,392,095.68. The transaction was disclosed in a document filed with the SEC, available on the SEC's website. In addition, insider Lawrence G. Hund sold 37,040 shares of the company's shares as part of a transaction on Friday, August 10th. The stock was sold at an average price of $ 43.33, for a total value of $ 1,604,943.20. As a result of the sale, the insider now owns 29,715 shares of the company, valued at approximately $ 1,287,550.95. The disclosure of this sale can be found here. In the last three months, insiders sold 51,225 shares valued at $ 2,221,739. Corporate insiders hold 0.58% of the company's capital.
Hedge funds recently bought and sold shares. Jupiter Asset Management Ltd. purchased a new investment in Harley-Davidson during the second quarter, valued at approximately $ 25,227,000. LSV Asset Management increased its participation in Harley-Davidson by 2.9% in the second quarter. LSV Asset Management now holds 4,011,589 shares of the Company for $ 168,807,000 after purchasing 114,357 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Harley-Davidson by 44.8% in the second quarter. BNP Paribas Arbitrage SA now holds 345,293 shares in the company for $ 14,530,000 after purchasing an additional 106,848 shares in the last quarter. Brown Advisory Inc. lifted its Harley-Davidson stake of 24.0% in the second quarter. Brown Advisory Inc. now holds 209,930 shares of the company valued at $ 8,834,000 after purchasing 40,686 additional shares in the last quarter. Finally, Sei Investments Co. increased its stake in Harley-Davidson by 4.8% in the second quarter. Sei Investments Co. now owns 72,662 shares of the company worth $ 3,057,000 after purchasing 3,347 additional shares in the last quarter. Hedge funds and other institutional investors hold 85.87% of the shares of the company.
About Harley-Davidson
Harley-Davidson, Inc. manufactures and sells mainly cruise 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 wholesales Harley-Davidson motorcycles on-road, as well as motorcycle parts, accessories, general merchandise and related services.
Recommended history: return on investment (ROI)
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