Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $48.07

Shares of Harley-Davidson, Inc. (NYSE:HOG – Get Rating) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $48.07.

HOG has been the topic of several research reports. BMO Capital Markets dropped their price target on shares of Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 28th. Robert W. Baird dropped their price target on shares of Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, April 28th. Wolfe Research restated a “buy” rating and set a $45.00 price objective on shares of Harley-Davidson in a report on Friday, May 20th. StockNews.com began coverage on Harley-Davidson in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Northcoast Research restated a “neutral” rating on shares of Harley-Davidson in a report on Tuesday, May 17th.

A number of large investors have recently added to or reduced their stakes in HOG. Brown Advisory Inc. grew its stake in Harley-Davidson by 128.4% during the 4th quarter. Brown Advisory Inc. now owns 1,525,270 shares of the company’s stock valued at $57,487,000 after acquiring an additional 857,340 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Harley-Davidson by 221.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,138,396 shares of the company’s stock valued at $42,905,000 after acquiring an additional 784,439 shares in the last quarter. Eaton Vance Management grew its stake in Harley-Davidson by 158.3% during the 4th quarter. Eaton Vance Management now owns 1,266,487 shares of the company’s stock valued at $47,625,000 after acquiring an additional 776,225 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Harley-Davidson by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,003,170 shares of the company’s stock valued at $113,188,000 after acquiring an additional 302,438 shares in the last quarter. Finally, H Partners Management LLC grew its stake in Harley-Davidson by 2.4% during the 1st quarter. H Partners Management LLC now owns 12,600,000 shares of the company’s stock valued at $496,440,000 after acquiring an additional 300,000 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

Shares of Harley-Davidson stock opened at $31.69 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.12 and a debt-to-equity ratio of 1.78. The company’s 50-day moving average price is $35.40 and its two-hundred day moving average price is $37.24. Harley-Davidson has a 52 week low of $29.80 and a 52 week high of $47.51. The stock has a market cap of $4.67 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30.

Harley-Davidson (NYSE:HOG – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.07). Harley-Davidson had a return on equity of 27.07% and a net margin of 11.78%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm posted $1.68 earnings per share. Harley-Davidson’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson will post 4.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Thursday, June 2nd were issued a dividend of $0.157 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.63 annualized dividend and a yield of 1.98%. Harley-Davidson’s payout ratio is presently 15.87%.

About Harley-Davidson (Get Rating)

Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

See Also