Harley-Davidson, Inc. (NYSE:HOG) Receives $27.44 Average PT from Analysts

Shares of Harley-Davidson, Inc. (NYSE:HOG) have received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $27.4444.

HOG has been the topic of a number of recent analyst reports. Citigroup increased their price target on Harley-Davidson from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Weiss Ratings raised Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. Griffin Securities set a $33.00 target price on Harley-Davidson in a research report on Monday, August 17th. Finally, Loop Capital raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, July 20th.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $25.93 on Friday. The stock has a market capitalization of $2.70 billion, a P/E ratio of 15.91, a P/E/G ratio of 8.52 and a beta of 1.29. Harley-Davidson has a 12-month low of $17.09 and a 12-month high of $29.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The firm’s 50-day moving average is $26.83 and its two-hundred day moving average is $24.26.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. Equities analysts predict that Harley-Davidson will post 0.56 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.9%. Harley-Davidson’s dividend payout ratio (DPR) is currently 46.01%.

Insider Activity at Harley-Davidson

In related news, CEO Artie Starrs purchased 10,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average price of $25.89 per share, with a total value of $258,900.00. Following the completion of the purchase, the chief executive officer directly owned 25,000 shares in the company, valued at approximately $647,250. This trade represents a 66.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel J. Nova purchased 40,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $24.57 per share, for a total transaction of $982,800.00. Following the acquisition, the director owned 47,605 shares in the company, valued at $1,169,654.85. The trade was a 525.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 57,500 shares of company stock valued at $1,439,550 and sold 4,662 shares valued at $119,316. Insiders own 0.97% of the company’s stock.

Institutional Trading of Harley-Davidson

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Aberdeen Wealth Management LLC acquired a new position in Harley-Davidson in the second quarter valued at $29,000. Pinnacle Holdings LLC purchased a new stake in Harley-Davidson during the second quarter valued at about $36,000. Versant Capital Management Inc increased its stake in Harley-Davidson by 858.2% during the second quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after acquiring an additional 1,459 shares during the last quarter. Bessemer Group Inc. increased its stake in Harley-Davidson by 1,758.9% during the first quarter. Bessemer Group Inc. now owns 2,937 shares of the company’s stock worth $59,000 after acquiring an additional 2,779 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Harley-Davidson in the 2nd quarter worth about $59,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a Milwaukee, Wisconsin-based motorcycle company founded in 1903. Through its Harley-Davidson Motor Company business, it designs, manufactures and sells heavyweight motorcycles known for their touring, cruiser and performance-oriented models. The company also markets motorcycle parts, accessories, riding gear, apparel and branded merchandise.

Harley-Davidson sells its products through a network of independently owned dealerships and other distribution channels in North America and international markets, including Europe, the Middle East, Africa, Asia-Pacific and Latin America.