Analysts Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $30.00

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) has been assigned an average rating of "Hold" from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $30.00.

Several analysts recently commented on the company. DA Davidson restated a "buy" rating and issued a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Citigroup increased their price target on Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Finally, Robert W. Baird lifted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th.

Harley-Davidson Stock Performance

Shares of HOG stock traded down $0.11 during trading hours on Wednesday, reaching $23.59. The stock had a trading volume of 1,429,204 shares, compared to its average volume of 1,945,911. The firm has a market capitalization of $2.87 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. The firm has a 50-day simple moving average of $24.01 and a 200-day simple moving average of $25.81. Harley-Davidson has a twelve month low of $20.45 and a twelve month high of $39.93. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36.

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

Harley-Davidson Announces Dividend

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

Institutional Trading of Harley-Davidson

Several institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares in the last quarter. Covestor Ltd grew its stake in shares of Harley-Davidson by 18.8% in the 4th quarter. Covestor Ltd now owns 4,163 shares of the company's stock worth $125,000 after purchasing an additional 658 shares during the last quarter. Assetmark Inc. grew its stake in shares of 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 last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Harley-Davidson by 52.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company's stock worth $53,000 after purchasing an additional 725 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after purchasing an additional 791 shares during the last quarter. 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.