Several other equities analysts have also commented on the company. Zacks Investment Research lowered Harley-Davidson from a hold rating to a sell rating in a research note on Tuesday, October 9th. ValuEngine raised Harley-Davidson from a strong sell rating to a sell rating in a research report on Tuesday, September 4th. Wolfe Research began coverage on Harley-Davidson in a research report on Tuesday, October 2nd. They set a peer perform rating and a $46.00 price objective on the stock. Wedbush dropped their price objective on Harley-Davidson from $42.00 to $40.00 and set a neutral rating on the stock in a research report on Thursday, October 4th. Finally, DA Davidson reaffirmed a sell rating on shares of Harley-Davidson in a research report on Tuesday, August 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $45.00.
Shares of Harley-Davidson stock traded down $1.32 during trading on Wednesday, hitting $35.99. 3,220,627 shares of the stock traded hands, compared to its average volume of 2,856,438. The firm has a market cap of $6.21 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.20 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 1.21 and a debt-to-equity ratio of 1.95. Harley-Davidson has a 52-week low of $35.76 and a 52-week high of $56.50.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Tuesday, September 18th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Monday, September 17th. Harley-Davidson’s payout ratio is currently 42.29%.
In related news, Director Jochen Zeitz sold 1,598 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $43.50, for a total transaction of $69,513.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lawrence G. Hund sold 37,040 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $43.33, for a total value of $1,604,943.20. Following the sale, the insider now directly owns 29,715 shares in the company, valued at approximately $1,287,550.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,225 shares of company stock worth $2,221,739. 0.58% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Jupiter Asset Management Ltd. acquired a new stake in Harley-Davidson in the second quarter worth about $25,227,000. Brown Advisory Inc. boosted its holdings in Harley-Davidson by 24.0% in the second quarter. Brown Advisory Inc. now owns 209,930 shares of the company’s stock worth $8,834,000 after acquiring an additional 40,686 shares in the last quarter. Marshall Wace LLP acquired a new stake in Harley-Davidson in the second quarter worth about $13,555,000. LSV Asset Management boosted its holdings in Harley-Davidson by 2.9% in the second quarter. LSV Asset Management now owns 4,011,589 shares of the company’s stock worth $168,807,000 after acquiring an additional 114,357 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Harley-Davidson by 44.8% in the second quarter. BNP Paribas Arbitrage SA now owns 345,293 shares of the company’s stock worth $14,530,000 after acquiring an additional 106,848 shares in the last quarter. 85.77% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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