Analysts Set Harley-Davidson, Inc. (NYSE:HOG) PT at $30.14

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $30.1429.

HOG has been the subject of a number of research analyst reports. Griffin Securities set a $34.00 target price on Harley-Davidson in a research note on Monday, August 25th. Zacks Research lowered Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Morgan Stanley lowered Harley-Davidson from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $27.00 to $25.00 in a research note on Monday, October 27th. Finally, UBS Group set a $28.00 target price on Harley-Davidson and gave the stock a “neutral” rating in a research note on Friday.

Harley-Davidson Stock Up 1.3%

Harley-Davidson stock opened at $26.99 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.40 and a beta of 1.27. Harley-Davidson has a 1-year low of $20.45 and a 1-year high of $35.21. The business has a fifty day moving average price of $28.33 and a 200-day moving average price of $25.78.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The firm’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. Equities research analysts forecast that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.7%. Harley-Davidson’s dividend payout ratio (DPR) is presently 37.31%.

Insider Buying and Selling at Harley-Davidson

In related news, Director Rafeh Masood acquired 2,068 shares of Harley-Davidson stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the purchase, the director owned 4,705 shares of the company’s stock, valued at approximately $113,202.30. This represents a 78.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

A number of institutional investors have recently modified their holdings of the stock. Donald Smith & CO. Inc. raised its stake in shares of Harley-Davidson by 61.8% during the 2nd quarter. Donald Smith & CO. Inc. now owns 5,517,795 shares of the company’s stock valued at $130,220,000 after buying an additional 2,108,099 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Harley-Davidson by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 3,884,107 shares of the company’s stock valued at $91,665,000 after buying an additional 117,686 shares during the last quarter. State Street Corp raised its stake in shares of Harley-Davidson by 1.7% during the 2nd quarter. State Street Corp now owns 3,757,709 shares of the company’s stock valued at $88,682,000 after buying an additional 64,118 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Harley-Davidson by 30.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,838,532 shares of the company’s stock valued at $43,389,000 after buying an additional 426,808 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Harley-Davidson during the 1st quarter valued at about $33,884,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.