Harley-Davidson, Inc. (NYSE:HOG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Harley-Davidson, Inc. (NYSE:HOG) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.14.

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Morgan Stanley assumed coverage on Harley-Davidson in a report on Tuesday. They issued an “overweight” rating and a $50.00 price target on the stock. DA Davidson boosted their price objective on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Citigroup lifted their price target on shares of Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets raised their price objective on shares of Harley-Davidson from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd.

Institutional Investors Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. Louisiana State Employees Retirement System increased its position in shares of Harley-Davidson by 2.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the company’s stock worth $1,597,000 after purchasing an additional 900 shares during the last quarter. Amalgamated Bank increased its holdings in Harley-Davidson by 7.1% during the first quarter. Amalgamated Bank now owns 86,571 shares of the company’s stock worth $3,787,000 after buying an additional 5,741 shares during the last quarter. Raymond James & Associates raised its position in Harley-Davidson by 5.8% during the first quarter. Raymond James & Associates now owns 588,911 shares of the company’s stock worth $25,759,000 after acquiring an additional 32,073 shares in the last quarter. State of Michigan Retirement System raised its position in Harley-Davidson by 2.6% during the first quarter. State of Michigan Retirement System now owns 31,161 shares of the company’s stock worth $1,363,000 after acquiring an additional 800 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in Harley-Davidson by 17.2% in the first quarter. Diversified Trust Co now owns 100,374 shares of the company’s stock valued at $4,390,000 after acquiring an additional 14,751 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Trading Down 15.7 %

Harley-Davidson stock opened at $33.23 on Friday. The business has a 50 day moving average price of $39.87 and a two-hundred day moving average price of $34.90. The company has a quick ratio of 1.25, a current ratio of 1.53 and a debt-to-equity ratio of 1.53. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 2.61 and a beta of 1.43. Harley-Davidson has a 12 month low of $25.43 and a 12 month high of $44.16.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.04 by $0.14. The business had revenue of $791.65 million during the quarter, compared to the consensus estimate of $875.29 million. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. Harley-Davidson’s revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. As a group, equities analysts forecast that Harley-Davidson will post 4.19 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were paid a dividend of $0.1725 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, March 1st. Harley-Davidson’s dividend payout ratio (DPR) is currently 14.32%.

Harley-Davidson Company Profile

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.