ValuEngine Lowers Harley-Davidson (NYSE:HOG) to Sell

ValuEngine downgraded shares of Harley-Davidson (NYSE:HOG) from a hold rating to a sell rating in a report published on Monday, ValuEngine reports.

HOG has been the subject of a number of other reports. Zacks Investment Research lowered shares of Harley-Davidson from a hold rating to a sell rating and set a $38.00 price target for the company. in a research report on Wednesday, October 16th. DA Davidson reissued a sell rating on shares of Harley-Davidson in a research report on Friday, July 26th. Wedbush reduced their price target on shares of Harley-Davidson from $35.00 to $33.00 and set a neutral rating for the company in a research report on Wednesday, October 9th. Longbow Research reissued a hold rating on shares of Harley-Davidson in a research report on Monday, September 23rd. Finally, Morgan Stanley reduced their price target on shares of Harley-Davidson from $46.00 to $42.00 and set an overweight rating for the company in a research report on Tuesday, July 30th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Harley-Davidson presently has an average rating of Hold and a consensus target price of $39.80.

Shares of NYSE HOG traded up $3.49 during mid-day trading on Monday, reaching $40.57. The company had a trading volume of 394,015 shares, compared to its average volume of 1,775,769. The stock has a fifty day moving average of $34.87 and a two-hundred day moving average of $35.35. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.03 and a current ratio of 1.15. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.31 and a beta of 1.21. Harley-Davidson has a 12-month low of $30.17 and a 12-month high of $43.69.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. Harley-Davidson had a net margin of 7.99% and a return on equity of 28.67%. The firm’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. Sell-side analysts forecast that Harley-Davidson will post 3.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Tuesday, September 17th were issued a $0.375 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 3.70%. Harley-Davidson’s dividend payout ratio is currently 39.68%.

In related news, VP Paul J. Jones sold 11,884 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $35.15, for a total value of $417,722.60. Following the transaction, the vice president now owns 9,575 shares in the company, valued at $336,561.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John A. Olin sold 30,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $35.96, for a total value of $1,078,800.00. Following the completion of the transaction, the chief financial officer now owns 88,500 shares in the company, valued at approximately $3,182,460. The disclosure for this sale can be found here. Insiders sold 45,510 shares of company stock worth $1,626,297 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in HOG. Patriot Financial Group Insurance Agency LLC acquired a new position in Harley-Davidson during the second quarter valued at approximately $25,000. Pinebridge Investments L.P. purchased a new stake in Harley-Davidson in the second quarter worth $25,000. G&S Capital LLC purchased a new stake in Harley-Davidson in the second quarter worth $26,000. Flagship Harbor Advisors LLC increased its position in Harley-Davidson by 73.8% in the second quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after buying an additional 341 shares during the last quarter. Finally, Coastal Capital Group Inc. purchased a new stake in Harley-Davidson in the second quarter worth $32,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Harley-Davidson Company Profile

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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Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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