Harley-Davidson, Inc. (NYSE:HOG) Receives Average Rating of "Hold" from Analysts

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $29.83.

A number of equities research analysts recently commented on HOG shares. Citigroup decreased their target price on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. UBS Group reduced their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. DA Davidson reiterated a "buy" rating and set a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday, April 9th. Morgan Stanley reduced their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Bank of America reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $23.82 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. Harley-Davidson has a 52 week low of $20.45 and a 52 week high of $39.93. The stock's 50-day simple moving average is $24.04 and its 200-day simple moving average is $28.16. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.27. The business had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The company's revenue was down 23.2% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. As a group, analysts expect that Harley-Davidson will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.18 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 3.02%. This is an increase from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's dividend payout ratio (DPR) is presently 21.62%.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.93% of the company's stock.

Institutional Investors Weigh In On Harley-Davidson

Several large investors have recently added to or reduced their stakes in HOG. Venturi Wealth Management LLC raised its stake in shares of Harley-Davidson by 172.0% during 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. Covestor Ltd increased its stake in shares of Harley-Davidson by 18.8% during the fourth quarter. Covestor Ltd now owns 4,163 shares of the company's stock valued at $125,000 after buying an additional 658 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Harley-Davidson by 52.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company's stock valued at $53,000 after acquiring an additional 725 shares in the last quarter. UMB Bank n.a. lifted its stake in Harley-Davidson by 153.6% in the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock worth $33,000 after acquiring an additional 791 shares during the period. Finally, Deutsche Bank AG grew its holdings in Harley-Davidson by 7.8% during the 4th quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock worth $346,000 after acquiring an additional 831 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

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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