Harley-Davidson, Inc. (NYSE:HOG) Receives Consensus Rating of “Hold” from Analysts

Shares of Harley-Davidson, Inc. (NYSE:HOG) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $24.3333.

HOG has been the subject of several research analyst reports. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Robert W. Baird set a $28.00 price objective on shares of Harley-Davidson in a research note on Wednesday, May 6th. Citigroup lifted their target price on shares of Harley-Davidson from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, DA Davidson upped their price target on shares of Harley-Davidson from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday.

Insiders Place Their Bets

In related news, CFO Jonathan R. Root sold 1,554 shares of Harley-Davidson stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the sale, the chief financial officer owned 29,400 shares of the company’s stock, valued at approximately $718,536. The trade was a 5.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the sale, the insider owned 30,012 shares of the company’s stock, valued at $780,312. This represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,672 shares of company stock worth $116,266 in the last 90 days. 0.97% of the stock is owned by insiders.

Institutional Investors Weigh In On Harley-Davidson

A number of large investors have recently added to or reduced their stakes in HOG. Donald Smith & CO. Inc. grew its stake in Harley-Davidson by 30.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after buying an additional 2,095,477 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Harley-Davidson by 456.7% in the first quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock worth $35,089,000 after purchasing an additional 1,423,675 shares during the period. Aegis Financial Corp acquired a new position in shares of Harley-Davidson during the 1st quarter worth about $27,681,000. Norges Bank acquired a new position in shares of Harley-Davidson during the 4th quarter worth about $25,766,000. Finally, SG Americas Securities LLC boosted its stake in Harley-Davidson by 1,277.0% during the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after purchasing an additional 1,014,660 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

NYSE HOG opened at $24.84 on Friday. Harley-Davidson has a 1 year low of $17.09 and a 1 year high of $31.25. The business’s fifty day moving average is $24.79 and its two-hundred day moving average is $21.93. The stock has a market capitalization of $2.62 billion, a P/E ratio of 14.12, a P/E/G ratio of 15.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 1.91.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $1.07 earnings per share. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, research analysts forecast that Harley-Davidson will post 0.4 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s payout ratio is currently 42.61%.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.