Harley-Davidson (HOG) Stock Price Down 5.3%

Shares of Harley-Davidson Inc (NYSE:HOG) dropped 5.3% during mid-day trading on Monday . The stock traded as low as $33.84 and last traded at $34.00. Approximately 1,603,978 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 2,274,210 shares. The stock had previously closed at $35.90.

HOG has been the subject of several recent research reports. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Tuesday, April 2nd. KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Friday, February 22nd. William Blair reaffirmed a “market perform” rating on shares of Harley-Davidson in a report on Tuesday, January 29th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $41.00 price objective (down from $49.00) on shares of Harley-Davidson in a report on Monday, April 8th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Harley-Davidson in a report on Thursday, April 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.08.

The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $5.41 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15.



Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 23rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.12. Harley-Davidson had a return on equity of 28.82% and a net margin of 8.72%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that Harley-Davidson Inc will post 3.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 30th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $1.50 dividend on an annualized basis and a yield of 4.32%. Harley-Davidson’s payout ratio is presently 39.68%.

A number of institutional investors and hedge funds have recently modified their holdings of HOG. Bank of New York Mellon Corp increased its holdings in Harley-Davidson by 88.7% in the 4th quarter. Bank of New York Mellon Corp now owns 13,331,185 shares of the company’s stock worth $454,860,000 after purchasing an additional 6,264,678 shares in the last quarter. BlackRock Inc. increased its holdings in Harley-Davidson by 31.0% in the 1st quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock worth $507,463,000 after purchasing an additional 3,367,376 shares in the last quarter. Norges Bank acquired a new position in Harley-Davidson in the 4th quarter worth about $54,193,000. Dimensional Fund Advisors LP increased its holdings in Harley-Davidson by 44.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock worth $84,394,000 after purchasing an additional 762,573 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Harley-Davidson by 12.2% in the 4th quarter. Mackenzie Financial Corp now owns 3,949,622 shares of the company’s stock worth $134,761,000 after purchasing an additional 429,922 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

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About Harley-Davidson (NYSE:HOG)

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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