What happened On Friday, shares of Harley-Davidson (HOG 1.55%) fell to levels unseen since 2010, as concerns about issues ranging from motorcycle demand to management turmoil to the possible impact on sales from the COVID-19 coronavirus continue to weigh on the stock. The stock was down roughly 5% at 11:15 a.m.
Full Answer
Why are Harley-Davidson shares down 20% in three months?
Harley shares were already in a downtrend, and today's drop is contributing to a three-month decline of more than 20%. Like many other manufacturers and retailers, Harley has been dealing with supply chain issues and rising costs. In its first-quarter report last month, the company said sales grew 5% year over year, but net income declined 14%.
What happened to Harley-Davidson's production?
Harley says it is pausing the all of its production and shipments, except for its electric LiveWire line. Harley-Davidson ( HOG) - Get Harley-Davidson, Inc. Report bikes are known for being loud and intense, but supply chain issues are forcing the company to go quiet for the next two weeks.
How much of Harley-Davidson stock is owned by insiders?
Only 0.60% of the stock of Harley-Davidson is held by insiders. 90.17% of the stock of Harley-Davidson is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for Harley-Davidson are expected to grow by 10.60% in the coming year, from $4.15 to $4.59 per share.
What is the upside for Harley-Davidson's stock?
On average, they expect Harley-Davidson's stock price to reach $41.00 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price. View Analyst Price Targets for Harley-Davidson.
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Why is Harley stock dropping?
Harley-Davidson stock was falling after the motorcycle maker said its first-quarter operating income declined due to semiconductor shortages and other supply-chain problems.
Is Harley-Davidson on the decline?
Harley-Davidson, Inc. today reported first quarter 2022 results, which showed a slight decline in retail sales at dealerships compared to the year-ago period....Harley-Davidson Q1 North America retail sales decline 5% in Q1.Motorcycles (thousands)North America1st quarter31.332.8(5%)5 more columns•Apr 27, 2022
Is Harley-Davidson a good stock to buy?
Out of 3 analysts, 0 (0%) are recommending HOG as a Strong Buy, 1 (33.33%) are recommending HOG as a Buy, 2 (66.67%) are recommending HOG as a Hold, 0 (0%) are recommending HOG as a Sell, and 0 (0%) are recommending HOG as a Strong Sell. What is HOG's earnings growth forecast for 2022-2024?
Are Harley in trouble?
Harley has also been suffering its own problems and recorded its first quarterly loss in more than a decade between April and June this year. It has been cutting hundreds of jobs under its new chief executive Jochen Zeitz and focusing on core markets and models.
Will Harley-Davidson survive 2021?
By the time we hit Key West, we'd come to the conclusion that Harley Davidson was decidedly very much alive in 2021 — in fact, we actually fell a little bit in love with the bikes. It was bittersweet returning them to their owners, and JP is even considering buying a Harley Davidson as his next bike!
How is Harley doing in 2021?
Following the huge fall reported in the previous year, when sales touched the lower out of last 20 years, in 2021 Harley-Davidson report a shy growth in the global registrations. Global registrations were 194.252, up 7.8%, the second worse results in the last 15 years.
Will Harley-Davidson stock go up?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for Harley-Davidson Inc have a median target of 45.00, with a high estimate of 70.00 and a low estimate of 41.00. The median estimate represents a +41.82% increase from the last price of 31.73.
Is Harley-Davidson stock a buy or sell?
Harley-Davidson has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 7 buy ratings, 2 hold ratings, and 1 sell rating.
How can I buy Harley-Davidson stock?
How do I buy Harley-Davidson stock? Harley-Davidson Inc. does not sell shares directly to individuals. To buy stock, simply contact a registered broker of your choice and make your purchase.
Is Harley-Davidson a dying company?
Harley-Davidson is in trouble. The company has seen 17 straight quarters of bad news, and the decline accelerates every quarter. It's not a pretty picture for one of the most valuable and passionately followed brands in history.
How is Harley doing?
Harley's full-year revenue for motorcycle and related products was $4.5 billion, up 39% from $3.3 billion in 2020. Total revenue for 2021 was $5.3 billion, up 32% from $4.1 billion in the previous year.
What is the average age of a Harley-Davidson owner?
Harley dealerships are thriving. But there is another statistic associated with these legendary bikes that is startling, all the more so if you don't ride: The average age of a Harley owner these days is 44. In fact, more than eight out of 10 Harley owners are over 35; almost one in five is 55 or older.
Should I buy or sell Harley-Davidson stock right now?
10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Harley-Davidson in the last twelve months. There are cu...
What is Harley-Davidson's stock price forecast for 2022?
10 brokerages have issued 12-month price objectives for Harley-Davidson's shares. Their forecasts range from $38.00 to $70.00. On average, they ant...
How has Harley-Davidson's stock performed in 2022?
Harley-Davidson's stock was trading at $37.69 at the beginning of 2022. Since then, HOG stock has decreased by 13.5% and is now trading at $32.60....
Are investors shorting Harley-Davidson?
Harley-Davidson saw a decline in short interest in May. As of May 15th, there was short interest totaling 9,570,000 shares, a decline of 16.6% from...
When is Harley-Davidson's next earnings date?
Harley-Davidson is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022. View our earnings forecast for Harl...
How were Harley-Davidson's earnings last quarter?
Harley-Davidson, Inc. (NYSE:HOG) released its earnings results on Wednesday, April, 27th. The company reported $1.45 EPS for the quarter, missing t...
How often does Harley-Davidson pay dividends? What is the dividend yield for Harley-Davidson?
Harley-Davidson declared a quarterly dividend on Friday, May 13th. Investors of record on Thursday, June 2nd will be paid a dividend of $0.157 per...
Is Harley-Davidson a good dividend stock?
Harley-Davidson(NYSE:HOG) pays an annual dividend of $0.63 per share and currently has a dividend yield of 1.80%. Harley-Davidson has been increasi...
Who are Harley-Davidson's key executives?
Harley-Davidson's management team includes the following people: Mr. Jochen Zeitz , Chairman, Pres & CEO (Age 59, Pay $5.67M) Ms. Gina Goetter ,...
What is the ticker symbol for Harley-Davidson?
Harley-Davidson trades on the New York Stock Exchange (NYSE) under the ticker symbol "HOG.".
How much is Harley Davidson stock worth in 2020?
How has Harley-Davidson's stock been impacted by COVID-19? Harley-Davidson's stock was trading at $23.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HOG stock has increased by 76.0% and is now trading at $40.61.
What is the payout ratio of Harley-Davidson?
The dividend payout ratio of Harley-Davidson is 77.92%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Harley-Davidson will have a dividend payout ratio of 17.00% next year. This indicates that Harley-Davidson will be able to sustain or increase its dividend.
How much does Harley-Davidson make?
Harley-Davidson has a market capitalization of $6.24 billion and generates $4.05 billion in revenue each year. The company earns $1.30 million in net income (profit) each year or $0.77 on an earnings per share basis.
The stock has reached levels unseen since 2010
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
What happened
On Friday, shares of Harley-Davidson ( NYSE:HOG) fell to levels unseen since 2010, as concerns about issues ranging from motorcycle demand to management turmoil to the possible impact on sales from the COVID-19 coronavirus continue to weigh on the stock. The stock was down roughly 5% at 11:15 a.m.
So what
Harley-Davidson shares have lost more than half of their value over the past three years, as five consecutive years of falling sales and lower overall demand for motorcycles was made worse by the 2019 tariff battles with China.
Now what
With the decline, Harley-Davidson now pays an intriguing 5.6% dividend yield. But without some catalyst to get sales moving in the right direction, there isn't much reason for investors to get excited about the company's future.
What happened
Shares of iconic motorcycle company Harley-Davidson ( HOG 0.45% ) are falling today, after the company reported a sharp drop in revenue for the second quarter of 2020. Furthermore, it's still early in its five-year transformation plan, and the Q2 results might be leading investors to question the plan's trajectory.
So what
For Q2, Harley-Davidson generated revenue of $865 million, down 47% year over year. This resulted in a net loss of $92 million. It hadn't previously given financial guidance because of COVID-19. But both of these figures fell far below Wall Street's expectations.
Now what
With a disappointing quarter in the rearview mirror, investor attention should be firmly fixed on Harley-Davidson's five-year strategic plan. It's currently in a preparatory phase it's calling the Rewire. This stage of the plan includes cutting costs, aligning product launches with riding season, and reducing outstanding inventory.