Harley-Davidson, Inc. (NYSE:HOG) Stock Has Average Target Price of $29.91

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $29.91.

Several research firms recently commented on HOG. Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, July 20th. Weiss Ratings raised shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Bank of America reissued a “buy” rating and set a $35.00 target price on shares of Harley-Davidson in a research note on Friday, October 30th. UBS Group increased their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st.

Insider Transactions at Harley-Davidson

In other Harley-Davidson news, CFO Jonathan Root sold 1,559 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $24.43, for a total value of $38,086.37. Following the sale, the chief financial officer directly owned 24,733 shares in the company, valued at approximately $604,227.19. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Harley-Davidson

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Harley-Davidson in the second quarter valued at $249,395,000. Donald Smith & CO. Inc. acquired a new stake in Harley-Davidson during the 2nd quarter worth about $226,966,000. Bank of America Corp DE purchased a new position in shares of Harley-Davidson in the second quarter worth approximately $45,065,000. Aegis Financial Corp purchased a new position in shares of Harley-Davidson in the first quarter worth approximately $27,681,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Harley-Davidson during the second quarter valued at approximately $28,347,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Up 4.7%

Harley-Davidson stock opened at $34.18 on Friday. The firm has a market capitalization of $3.56 billion, a P/E ratio of -31.95, a P/E/G ratio of 8.88 and a beta of 1.29. The company has a 50-day simple moving average of $27.86 and a 200-day simple moving average of $24.34. Harley-Davidson has a one year low of $17.09 and a one year high of $34.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.77 and a current ratio of 1.97.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, October 29th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Harley-Davidson had a negative net margin of 3.31% and a negative return on equity of 4.26%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $3.10 earnings per share. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. As a group, equities analysts expect that Harley-Davidson will post 0.69 earnings per share for the current year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.75 annualized dividend and a yield of 2.2%. Harley-Davidson’s dividend payout ratio (DPR) is currently -70.09%.

Harley-Davidson Company Profile