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

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) has earned an average recommendation of "Hold" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $30.17.

A number of research firms have recently weighed in on HOG. Citigroup cut their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. UBS Group cut their price target on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Robert W. Baird raised their price objective on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. DA Davidson reaffirmed a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday, April 9th. Finally, Morgan Stanley dropped their target price on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th.

Harley-Davidson Price Performance

Shares of NYSE:HOG traded down $0.18 during trading on Friday, hitting $24.21. 1,688,598 shares of the stock were exchanged, compared to its average volume of 1,941,512. The company has a market cap of $2.94 billion, a PE ratio of 7.27, a P/E/G ratio of 0.38 and a beta of 1.30. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The company has a fifty day moving average price of $23.69 and a two-hundred day moving average price of $27.10. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.27. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The business had revenue of $315.24 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $1.72 earnings per share. The business's revenue for the quarter was down 23.2% compared to the same quarter last year. On average, analysts forecast that Harley-Davidson will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, June 2nd. Harley-Davidson's dividend payout ratio (DPR) is currently 26.87%.

Institutional Investors Weigh In On Harley-Davidson

A number of institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted 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 worth $26,000 after purchasing an additional 554 shares in the last quarter. Versant Capital Management Inc boosted its stake in Harley-Davidson by 3,514.8% in the first quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after acquiring an additional 949 shares during the period. Assetmark Inc. raised its holdings in shares of Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock valued at $27,000 after buying an additional 713 shares during the last quarter. CX Institutional acquired a new position in Harley-Davidson during the 1st quarter worth $28,000. Finally, Financial Harvest LLC bought a new position in shares of Harley-Davidson in the first quarter worth $30,000. Hedge funds and other institutional investors 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.