Harley-Davidson, Inc. (NYSE:HOG) Given Average Recommendation of "Hold" by Analysts

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) has earned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $30.00.

HOG has been the subject of a number of research reports. Robert W. Baird upped their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Citigroup increased their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, DA Davidson reaffirmed a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a research report on Wednesday, April 9th.

Harley-Davidson Trading Up 0.2%

Shares of HOG opened at $23.58 on Wednesday. The stock has a fifty day moving average of $23.94 and a two-hundred day moving average of $26.02. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 1.56. The company has a market capitalization of $2.86 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. Harley-Davidson has a fifty-two week low of $20.45 and a fifty-two week high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.27. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. The business had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $1.72 EPS. The business's revenue for the quarter was down 23.2% on a year-over-year basis. As a group, analysts forecast that Harley-Davidson will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 annualized dividend and a dividend yield of 3.05%. Harley-Davidson's payout ratio is currently 26.87%.

Institutional Investors Weigh In On Harley-Davidson

Several large investors have recently made changes to their positions in HOG. Venturi Wealth Management LLC boosted its holdings in shares of Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock valued at $26,000 after acquiring an additional 554 shares in the last quarter. Versant Capital Management Inc boosted its stake in Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock worth $25,000 after purchasing an additional 949 shares during the period. Assetmark Inc. boosted its stake in Harley-Davidson by 209.7% in the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company's stock worth $27,000 after purchasing an additional 713 shares during the period. CX Institutional acquired a new stake in shares of Harley-Davidson during the 1st quarter valued at $28,000. Finally, Financial Harvest LLC acquired a new stake in shares of Harley-Davidson during the 1st quarter valued at $30,000. Institutional investors and hedge funds own 85.10% of the company's stock.

About Harley-Davidson

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.

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