Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $27.44

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

Several research firms have recently commented on HOG. Robert W. Baird boosted their target price on shares of Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. DA Davidson raised their price target on shares of Harley-Davidson from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Monday, July 20th. Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Finally, Citigroup increased their price objective on Harley-Davidson from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 8th.

Harley-Davidson Price Performance

Shares of HOG opened at $26.02 on Friday. The business’s fifty day moving average is $26.86 and its 200 day moving average is $24.36. Harley-Davidson has a 12-month low of $17.09 and a 12-month high of $29.88. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.71 billion, a P/E ratio of 15.96, a P/E/G ratio of 8.61 and a beta of 1.29.

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

Harley-Davidson Announces Dividend

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

Insider Activity

In other news, CAO Gayle Littleton purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $26.38 per share, with a total value of $197,850.00. Following the completion of the transaction, the chief accounting officer directly owned 7,500 shares of the company’s stock, valued at approximately $197,850. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Artie Starrs purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $25.89 per share, for a total transaction of $258,900.00. Following the completion of the acquisition, the chief executive officer owned 25,000 shares of the company’s stock, valued at $647,250. The trade was a 66.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 57,500 shares of company stock valued at $1,439,550 and sold 4,662 shares valued at $119,316. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds and other institutional investors have recently modified their holdings of HOG. BlackRock Inc. bought a new position in Harley-Davidson in the 2nd quarter valued at $249,395,000. Donald Smith & CO. Inc. purchased a new position in shares of Harley-Davidson in the 2nd quarter worth about $226,966,000. Bank of New York Mellon Corp boosted its holdings in shares of Harley-Davidson by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after buying an additional 163,762 shares during the last quarter. Bank of America Corp DE bought a new position in Harley-Davidson during the second quarter valued at about $45,065,000. Finally, Aegis Financial Corp purchased a new stake in Harley-Davidson during the first quarter worth about $27,681,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

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.