Harley-Davidson's (HOG) "Buy" Rating Reiterated at BMO Capital Markets

Ashley Carr
October 18, 2017

The company saw 3.88 million shares trade hands over the course of the day. Advisors Asset has invested 0.02% in Harley-Davidson Inc (NYSE:HOG). Over the long run, the price of a stock will normally go up in lock step with its earnings (assuming the P/E ratio is constant).

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 18th. It dived, as 52 investors sold Harley-Davidson Inc shares while 157 reduced holdings.

09/13/2017 - Harley-Davidson, Inc. had its "neutral" rating reiterated by analysts at UBS. Based on a 1 to 5 integer scale, analysts have a 2.80 recommendation on the name.

"The continued weakness in the USA motorcycle industry only heightens our resolve and the intensity we are bringing to the quest to build the next generation of Harley-Davidson riders", said President and CEO Matt Levatich. Harley-Davidson's revenue for the quarter was down 5.6% on a year-over-year basis. For the fourth quarter, the company expects to ship 46,700 to 51,700, bikes, up from 42,414 previous year. With HOG shares fractionally lower at $46.61, these back-month calls are out of the money. On average, equities research analysts forecast that Harley-Davidson will post $3.37 earnings per share for the current fiscal year. Deutsche Bank maintained Harley-Davidson Inc (NYSE:HOG) on Wednesday, April 20 with "Hold" rating.

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Harley-Davidson had cash and cash equivalents of $683.1 million as of Sep 24, 2017 compared with $790.3 million as of Sep 25, 2016. (NYSE:HOG) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 6.13 and sector's optimum level is 10.92. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & global copyright and trademark law. BlueMountain Capital Management LLC purchased a new stake in Harley-Davidson in the second quarter valued at $3,059,000.

Want the latest recommendations from Zacks Investment Research? Geneva Advisors LLC raised its position in Harley-Davidson by 5.4% during the 2nd quarter.

In related news, insider Lawrence G. Hund sold 15,013 shares of the firm's stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34.

The company said revenue for the quarter fell 11.9% to $0.96 billion. (NYSE:HOG) stock. Over the past few months, insider ownership has seen a move of -2.23% while institutional ownership has changed 1.55%. Short interest accounts for almost 13.5% of the stock's available float, representing 19.6 times HOG's average daily trading volume. Harley-Davidson's USA market share for the quarter was 53.1 percent in the 601cc-plus segment, up compared to the same quarter in 2016. Harley-Davidson US retail motorcycle sales were down 8.1% percent compared to Q3 2016, with the overall US industry down 9.2% for the same period. The company declared a dividend which was paid on Friday the 22nd of September 2017. Days to cover increased from 12.0 to 20.0 and the short interest percentage is 0.13% as of September 29. This dividend amount represented a yield of $3.12. Williams Partners LP had 48 analyst reports since September 11, 2015 according to SRatingsIntel. Harley-Davidson's payout ratio is 42.44%. Wedbush Securities Inc. now owns 4,078 shares of the company's stock worth $220,000 after purchasing an additional 700 shares in the last quarter. The Motorcycles segment consists of HDMC, which designs, makes and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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