Analysts Set Harley-Davidson, Inc. (NYSE:HOG) PT at $28.86

Shares of Harley-Davidson, Inc. (NYSE:HOG) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $27.8750.

HOG has been the topic of several recent analyst reports. DA Davidson reduced their price target on Harley-Davidson from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Loop Capital started coverage on Harley-Davidson in a research report on Tuesday. They issued a “hold” rating and a $21.00 price objective on the stock. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley lowered their target price on shares of Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, November 19th. Finally, UBS Group reduced their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. raised its position in 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 purchasing an additional 2,108,099 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Harley-Davidson during the first quarter valued at $33,884,000. Norges Bank bought a new stake in shares of Harley-Davidson in the second quarter valued at about $21,607,000. Vanguard Group Inc. raised its holdings in shares of Harley-Davidson by 7.3% in the third quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after acquiring an additional 886,998 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in Harley-Davidson in the third quarter worth about $21,761,000. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Up 0.4%

Shares of HOG traded up $0.09 during midday trading on Friday, hitting $24.49. The stock had a trading volume of 808,238 shares, compared to its average volume of 2,102,028. Harley-Davidson has a 1 year low of $20.45 and a 1 year high of $34.37. 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’s 50 day moving average is $26.30 and its 200 day moving average is $25.96. The firm has a market cap of $2.89 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.40 and a beta of 1.39.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.10 EPS for the quarter, beating the consensus estimate of $1.38 by $1.72. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. As a group, analysts forecast that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Harley-Davidson’s payout ratio is currently 17.48%.

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.