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

Key Points

• Harley-Davidson has received a consensus rating of "Hold" from analysts, with five holding and two buying recommendations, and an average 12-month price target of $30.86.
• Recent earnings reports indicate Harley-Davidson reported $0.88 earnings per share, missing estimates, and faced a 19.3% revenue decline year-over-year, totaling $1.31 billion.
• Director Rafeh Masood significantly increased his stock position by purchasing 2,068 shares at an average price of $24.06, raising his stake by 78.42%.

Shares of Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) have earned a consensus rating of "Hold" from the seven analysts that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $30.8571.

A number of equities analysts have recently commented on HOG shares. UBS Group cut their target price on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. DA Davidson lifted their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Zacks Research raised shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Griffin Securities set a $34.00 price target on shares of Harley-Davidson in a research note on Monday, August 25th. Finally, Citigroup lifted their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood purchased 2,068 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average cost of $24.06 per share, with a total value of $49,756.08. Following the acquisition, the director owned 4,705 shares of the company's stock, valued at approximately $113,202.30. This represents a 78.42% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.93% of the company's stock.

Institutional Investors Weigh In On Harley-Davidson

Several institutional investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. lifted its stake in shares of Harley-Davidson by 61.8% in the 2nd quarter. Donald Smith & CO. Inc. now owns 5,517,795 shares of the company's stock worth $130,220,000 after acquiring an additional 2,108,099 shares during the period. American Century Companies Inc. lifted its stake in shares of Harley-Davidson by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 3,884,107 shares of the company's stock worth $91,665,000 after acquiring an additional 117,686 shares during the period. State Street Corp lifted its stake in shares of Harley-Davidson by 1.7% in the 2nd quarter. State Street Corp now owns 3,757,709 shares of the company's stock worth $88,682,000 after acquiring an additional 64,118 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Harley-Davidson by 30.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,838,532 shares of the company's stock worth $43,389,000 after acquiring an additional 426,808 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Harley-Davidson in the 1st quarter worth approximately $33,884,000. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Stock Up 0.0%

Shares of NYSE HOG opened at $28.21 on Friday. Harley-Davidson has a 12-month low of $20.45 and a 12-month high of $36.94. The company has a market capitalization of $3.43 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.40 and a beta of 1.27. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The firm's 50-day moving average is $27.73 and its two-hundred day moving average is $25.31.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.11). The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The business's quarterly revenue was down 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 EPS. Equities analysts anticipate that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Harley-Davidson's dividend payout ratio (DPR) is currently 37.31%.

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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