In yesterday’s Wall Street session, Harley-Davidson Inc. (NYSE:HOG) shares traded at $35.96, up 1.47% from the previous session.
As of this writing, 16 analysts cover Harley-Davidson Inc. (NYSE:HOG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $57.00 and a low of $36.00, we find $45.50. Given the previous closing price of $35.44, this indicates a potential upside of 28.39 percent. HOG stock price is now 5.35% away from the 50-day moving average and -10.63% away from the 200-day moving average. The market capitalization of the company currently stands at $5.16B.
There are 8 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $45.38 as their price target over the next twelve months.
In other news, Root Jonathan R, SVP – HDFSI sold 2,239 shares of the company’s stock on Feb 06. The stock was sold for $112,324 at an average price of $50.17. Upon completion of the transaction, the SVP – HDFSI now directly owns 5,474 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 02, President and CEO ZEITZ JOCHEN bought 25,750 shares of the business’s stock. A total of $1,002,628 was incurred on buying the stock at an average price of $38.94. This leaves the insider owning 508,870 shares of the company worth $18.3 million. Insiders disposed of 52,081 shares of company stock worth roughly $1.87 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 POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $18,455,000. FRESHFORD CAPITAL MANAGEMENT, LLC invested $16,037,000 in shares of HOG during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Harley-Davidson Inc. valued at approximately $11,002,000. RIPOSTE CAPITAL LLC acquired a new stake in HOG for approximately $8,091,000. ANSON FUNDS MANAGEMENT LP purchased a new stake in HOG valued at around $7,802,000 in the second quarter. In total, there are 584 active investors with 89.30% ownership of the company’s stock.
Tuesday morning saw Harley-Davidson Inc. (NYSE: HOG) opened at $35.73. During the past 12 months, Harley-Davidson Inc. has had a low of $30.75 and a high of $51.77. As of last week, the company has a debt-to-equity ratio of 2.32, a current ratio of 1.70, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $10.82B, which is based on a 6.47 price-to-earnings ratio, a 0.15 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for HOG is $34.12 and a two-hundred day moving average price translates $40.22 for the stock.
The latest earnings results from Harley-Davidson Inc. (NYSE: HOG) was released for Mar, 2023. According to the Recreational Vehicles Company, earnings per share came in at $2.04, beating analysts’ expectations of $1.39 by 0.65. This compares to $1.45 EPS in the same period last year. The net profit margin was 13.60% and return on equity was 28.70% for HOG. The company reported revenue of $1.79 billion for the quarter, compared to $1.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.63 percent. For the current quarter, analysts expect HOG to generate $1.37B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/21/2023. Investors who held shares on 06/05/2023 were paid a $0.165 dividend. On an annualized basis, this represents a $0.66 dividend and a 1.84% percent yield. There was an ex-dividend date of 06/02/2023 for this dividend. In terms of dividend payout ratio, HOG is presently at 11.30%.
Harley-Davidson Inc.(HOG) Company Profile
Harley-Davidson, Inc. manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services. This segment sells its products to retail customers through a network of independent dealers, as well as e-commerce channels. The LiveWire segment sells electric motorcycles, balance bikes for kids, parts and accessories, apparel, and related parts and services. The Harley-Davidson Financial Services segment provides wholesale financing services, such as floorplan and open account financing of motorcycles, and parts and accessories; and retail financing services, such as 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.
