Harley-Davidson (NYSE:HOG) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Harley-Davidson (NYSE:HOG) from a sell rating to a hold rating in a research note released on Tuesday morning, ValuEngine reports.

A number of other equities research analysts have also recently commented on HOG. Tigress Financial reissued a buy rating on shares of Harley-Davidson in a report on Friday, September 27th. Wedbush dropped their price objective on Harley-Davidson from $35.00 to $33.00 and set a neutral rating for the company in a research note on Wednesday, October 9th. Zacks Investment Research cut Harley-Davidson from a hold rating to a sell rating and set a $39.00 target price for the company. in a research report on Wednesday, November 20th. Longbow Research reissued a hold rating on shares of Harley-Davidson in a research note on Monday, September 23rd. Finally, Stifel Nicolaus set a $39.00 price target on Harley-Davidson and gave the stock a hold rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Harley-Davidson has an average rating of Hold and an average price target of $38.25.

Shares of NYSE HOG traded up $1.03 during midday trading on Tuesday, reaching $36.91. The stock had a trading volume of 1,477,108 shares, compared to its average volume of 1,974,496. The stock has a 50-day moving average of $37.87 and a 200-day moving average of $35.35. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.97 and a current ratio of 1.11. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. Harley-Davidson has a 12-month low of $30.17 and a 12-month high of $41.40.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 22nd. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Harley-Davidson had a net margin of 7.55% and a return on equity of 28.84%. Harley-Davidson’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 EPS. As a group, analysts forecast that Harley-Davidson will post 3.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, December 13th. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.68%.

In other news, SVP Michelle Kumbier sold 22,000 shares of Harley-Davidson stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $37.07, for a total value of $815,540.00. Following the sale, the senior vice president now directly owns 149 shares of the company’s stock, valued at $5,523.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lawrence G. Hund sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $40.22, for a total value of $321,760.00. Following the completion of the sale, the insider now owns 10,593 shares in the company, valued at $426,050.46. The disclosure for this sale can be found here. Insiders have sold a total of 74,465 shares of company stock valued at $2,778,503 in the last three months. Insiders own 0.86% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. bought a new position in shares of Harley-Davidson during the 2nd quarter valued at approximately $25,000. Patriot Financial Group Insurance Agency LLC bought a new position in Harley-Davidson during the second quarter valued at $25,000. Flagship Harbor Advisors LLC lifted its position in Harley-Davidson by 73.8% during the second quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock valued at $28,000 after purchasing an additional 341 shares during the last quarter. Coastal Capital Group Inc. purchased a new position in shares of Harley-Davidson in the 2nd quarter worth $32,000. Finally, Doyle Wealth Management purchased a new position in shares of Harley-Davidson in the 2nd quarter worth $36,000. 92.62% of the stock is currently owned by institutional investors and hedge funds.

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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