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

Key Points

• Harley-Davidson has received a consensus recommendation of "Hold" from eight brokerages, with an average target price of $30.86 for the stock.
• The company reported a 19.3% decrease in quarterly revenue year-over-year, along with an earnings miss of $0.11 against analyst expectations.
• A recent insider transaction saw Director Rafeh Masood purchase 2,068 shares at an average price of $24.06, increasing his ownership significantly.

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) has been assigned an average recommendation of "Hold" from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $30.8571.

Several equities analysts have recently commented on the stock. Citigroup boosted their target price on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Robert W. Baird upped their price objective 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. DA Davidson upped their price objective on shares of Harley-Davidson from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Zacks Research upgraded shares of Harley-Davidson from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Finally, Griffin Securities set a $34.00 price objective on shares of Harley-Davidson in a research report on Monday, August 25th.

Insider Transactions at Harley-Davidson

In related news, Director Rafeh Masood acquired 2,068 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the transaction, the director directly owned 4,705 shares in the company, valued at $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Harley-Davidson

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its position in Harley-Davidson by 26.5% during the 2nd quarter. Advisory Services Network LLC now owns 21,966 shares of the company's stock worth $534,000 after purchasing an additional 4,608 shares in the last quarter. State of Wyoming grew its holdings in Harley-Davidson by 244.8% during the 2nd quarter. State of Wyoming now owns 7,330 shares of the company's stock worth $173,000 after acquiring an additional 5,204 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Harley-Davidson during the 2nd quarter worth approximately $2,364,000. Geneos Wealth Management Inc. grew its holdings in Harley-Davidson by 61.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,405 shares of the company's stock worth $80,000 after acquiring an additional 1,296 shares during the last quarter. Finally, Caxton Associates LLP grew its holdings in Harley-Davidson by 8.8% during the 2nd quarter. Caxton Associates LLP now owns 67,905 shares of the company's stock worth $1,603,000 after acquiring an additional 5,465 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $30.17 on Monday. The firm has a 50 day moving average of $25.91 and a 200-day moving average of $24.82. The stock has a market capitalization of $3.67 billion, a PE ratio of 15.63, a PEG ratio of 0.43 and a beta of 1.31. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. Harley-Davidson has a 12 month low of $20.45 and a 12 month high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. Harley-Davidson's quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, equities research analysts predict 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 will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, September 10th. Harley-Davidson's dividend payout ratio 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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