Harley-Davidson, Inc. (NYSE:HOG) Receives $32.00 Consensus PT from Analysts

Harley-Davidson, Inc. (NYSE:HOG) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.00.

A number of research firms have weighed in on HOG. Robert W. Baird cut their price target on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Bank of America cut their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley dropped their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. DA Davidson reissued a “buy” rating and set a $31.00 price objective on shares of Harley-Davidson in a report on Wednesday, April 9th. Finally, UBS Group lowered their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, February 20th.

Insider Buying and Selling

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the sale, the insider now directly owns 23,555 shares of the company’s stock, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is owned by company insiders.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently made changes to their positions in HOG. Donald Smith & CO. Inc. acquired a new stake in Harley-Davidson during the 4th quarter worth approximately $50,368,000. Proficio Capital Partners LLC acquired a new stake in shares of Harley-Davidson during the fourth quarter worth $1,341,000. Hussman Strategic Advisors Inc. purchased a new position in Harley-Davidson in the 4th quarter valued at $1,898,000. Norges Bank acquired a new position in Harley-Davidson in the 4th quarter valued at $11,010,000. Finally, Bank of New York Mellon Corp raised its position in Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock worth $44,295,000 after buying an additional 157,939 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Up 4.9 %

HOG stock opened at $22.55 on Friday. Harley-Davidson has a fifty-two week low of $20.45 and a fifty-two week high of $40.50. The company’s 50 day moving average price is $25.15 and its 200 day moving average price is $29.61. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, equities research analysts anticipate that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.18 dividend. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 3.19%. Harley-Davidson’s dividend payout ratio is 21.62%.

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.