Harley-Davidson Inc (NYSE:HOG)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $43.39 and last traded at $43.43, with a volume of 1825129 shares traded. The stock had previously closed at $44.85.
A number of research firms have recently commented on HOG. Wedbush reduced their price objective on shares of Harley-Davidson to $49.00 and set a “neutral” rating for the company in a report on Wednesday, January 10th. Stifel Nicolaus reduced their price objective on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday, February 2nd. ValuEngine downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Co cut their price target on shares of Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.00.
The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49. The firm has a market cap of $7,548.30, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.49 and a beta of 0.86.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. analysts predict that Harley-Davidson Inc will post 3.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.41%. The ex-dividend date was Tuesday, February 13th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s dividend payout ratio (DPR) is presently 49.66%.
Harley-Davidson announced that its Board of Directors has approved a stock repurchase program on Monday, February 5th that allows the company to buyback 15,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In other news, VP Paul J. Jones sold 870 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $47.62, for a total transaction of $41,429.40. Following the completion of the sale, the vice president now owns 3,399 shares in the company, valued at approximately $161,860.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Tchernavia Rocker sold 1,401 shares of Harley-Davidson stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $47.74, for a total transaction of $66,883.74. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of Harley-Davidson by 5,971.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 249,889 shares of the company’s stock worth $12,715,000 after buying an additional 245,773 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Harley-Davidson by 57.4% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,600 shares of the company’s stock worth $488,000 after buying an additional 3,500 shares during the period. Fairpointe Capital LLC acquired a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $509,000. MetLife Investment Advisors LLC acquired a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $2,649,000. Finally, Sciencast Management LP acquired a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $266,000. Institutional investors own 95.87% of the company’s stock.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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