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Saturday, December 2, 2023

What Are The Chances Of Harley-Davidson, Inc. (NYSE: HOG) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Harley-Davidson, Inc. (HOG) shows that investor sentiment remained same, with the stock’s consolidated last price to $30.19. The Harley-Davidson, Inc. has recorded 21,143 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Harley-Davidson Delivers Third Quarter Financial Results.

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Stocks Info

As a NYSE listed company, HOG falls under the Consumer Cyclical sector while operating within the Recreational Vehicles industry segment. At the end of the last regular session, the stock closed at $30.19 and fluctuated between $30.30 as its day high and $29.81 as its day low. The current market capitalization of Harley-Davidson, Inc. is $4.20B. A total of 1.22 million shares were traded on the day, compared to an average of 1.35M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, HOG has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 5,769 and the disposition of 2,611 shares. Over the last 12 months, there were 40 BUYs and 35 SELLs from insiders. Insiders purchased 171,616 shares during that period but sold 75,737.

In the most recent transaction, Masood Rafeh bought 1,302 shares of HOG for 38.40 per share on Aug 01. After the transaction, the Director now owns 2,637 company shares. In a previous transaction on Feb 06, Root Jonathan R sold 2,239 shares at 50.17 per share. HOG shares that SVP – HDFSI owns now total 5,474.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Harley-Davidson, Inc. pays an annual dividend of $0.66, resulting in a dividend yield of 2.18%, and it has a price to earnings (P/E) ratio of 6.14. HOG’s most recent ex-dividend date was 9/11/2023 when it declared a $0.1650 quarterly dividend that was paid in cash on 9/27/2023. Previously, the company paid the dividend on 6/21/2023 with an ex-dividend date of 6/2/2023. The HOG stock dividend was $0.1650 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for HOG in the last 3 months, the mean price target is $38.38 with high estimates of $50.00 and low estimates of $29.00. In terms of 52-week highs and lows, HOG has a high of $51.77 and a low of $25.43.

As of this writing, HOG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.23 per share and a lower estimate of -$0.24. The company reported an EPS of $1.22 in the last quarter, which was -2.40% lower than expectations of $1.25.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. HOG’s latest balance sheet shows that the firm has $1.87B in Cash & Short Term Investments as of fiscal 2021. There were $6.89B in debt and $3.34B in liabilities at the time. Its Book Value Per Share was $23.77, while its Total Shareholder’s Equity was $2.55B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HOG is Buy with a score of 3.90.

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