In yesterday’s Wall Street session, Harley-Davidson Inc. (NYSE:HOG) shares traded at $46.72, up 1.50% from the previous session.
17 analysts cover Harley-Davidson Inc. (NYSE:HOG), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $39.00, we find $48.00. Given the previous closing price of $46.03, this indicates a potential upside of 4.28 percent. HOG stock price is now 4.76% away from the 50-day moving average and 19.34% away from the 200-day moving average. The market capitalization of the company currently stands at $6.67B.
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The stock has received a hold rating from 10 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $48.33 as their price target over the next twelve months.
With the price target of $39, Jefferies recently initiated with Underperform rating for Harley-Davidson Inc. (NYSE: HOG). On October 24, 2022, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $40, while ‘DA Davidson’ rates the stock as ‘Neutral’.
In other news, ZEITZ JOCHEN, President and CEO bought 25,750 shares of the company’s stock on Sep 02. The stock was bought for $1,002,628 at an average price of $38.94. Upon completion of the transaction, the President and CEO now directly owns 508,870 shares in the company, valued at $23.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09, Director Masood Rafeh bought 1,335 shares of the business’s stock. A total of $50,062 was incurred on buying the stock at an average price of $37.50. This leaves the insider owning 1,335 shares of the company worth $62371.2. Insiders disposed of 98,999 shares of company stock worth roughly $4.63 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HOG stock. A new stake in Harley-Davidson Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $35,742,000. INTRINSIC EDGE CAPITAL MANAGEMENT LLC invested $16,625,000 in shares of HOG during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Harley-Davidson Inc. valued at approximately $15,886,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in HOG for approximately $15,406,000. HOLOCENE ADVISORS, LP purchased a new stake in HOG valued at around $12,258,000 in the second quarter. In total, there are 532 active investors with 89.30% ownership of the company’s stock.
On Wednesday morning Harley-Davidson Inc. (NYSE: HOG) stock kicked off with the opening price of $45.86. During the past 12 months, Harley-Davidson Inc. has had a low of $29.80 and a high of $48.72. As of last week, the company has a debt-to-equity ratio of 2.52, a current ratio of 1.40, and a quick ratio of 1.20. The fifty day moving average price for HOG is $44.60 and a two-hundred day moving average price translates $39.15 for the stock.
The latest earnings results from Harley-Davidson Inc. (NYSE: HOG) was released for Sep, 2022. According to the Recreational Vehicles Company, earnings per share came in at $1.78, beating analysts’ expectations of $1.4 by 0.38. This compares to $1.05 EPS in the same period last year. The net profit margin was 12.80% and return on equity was 27.40% for HOG. The company reported revenue of $1.65 billion for the quarter, compared to $1.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.75 percent. For the current quarter, analysts expect HOG to generate $902.81M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/23/2022. Investors who held shares on 12/09/2022 were paid a $0.1575 dividend. On an annualized basis, this represents a $0.63 dividend and a 1.35% percent yield. There was an ex-dividend date of 12/08/2022 for this dividend. In terms of dividend payout ratio, HOG is presently at 12.80%.
Harley-Davidson Inc.(HOG) Company Profile
Harley-Davidson, Inc. manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services. This segment sells its products to retail customers through a network of independent dealers, as well as e-commerce channels in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific. The Financial Services segment provides wholesale financing services, such as floorplan and open account financing of motorcycles, and parts and accessories; and retail financing services, including installment lending for the purchase of new and used Harley-Davidson motorcycles, as well as point-of-sale protection products comprising motorcycle insurance, extended service contracts, and motorcycle maintenance protection. This segment also licenses third-party financial institutions that issue credit cards bearing the Harley-Davidson brand. Harley-Davidson, Inc. was founded in 1903 and is based in Milwaukee, Wisconsin.
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