Harley-Davidson (NYSE:HOG) Sets New 52-Week Low - What's Next?

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.83 and last traded at $22.26, with a volume of 5783352 shares changing hands. The stock had previously closed at $23.16.

Wall Street Analysts Forecast Growth

HOG has been the topic of several research analyst reports. Morgan Stanley decreased their price target on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. DA Davidson reiterated a "buy" rating and set a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Citigroup cut their price target on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. UBS Group lowered their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Finally, Bank of America cut their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Harley-Davidson currently has a consensus rating of "Hold" and a consensus price target of $29.83.

Harley-Davidson Trading Up 2.1 %

The business's fifty day moving average price is $24.09 and its 200 day moving average price is $28.31. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.91 billion, a PE ratio of 7.06, a P/E/G ratio of 0.38 and a beta of 1.28.

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

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.06%. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is presently 21.62%.

Insider Activity

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now directly owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.93% of the company's stock.

Hedge Funds Weigh In On Harley-Davidson

Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in shares of Harley-Davidson by 3,514.8% during the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock worth $25,000 after buying an additional 949 shares during the last quarter. Venturi Wealth Management LLC grew its position in 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 during the period. CX Institutional acquired a new stake in Harley-Davidson during the first quarter worth about $28,000. UMB Bank n.a. raised its holdings in shares of Harley-Davidson by 153.6% in the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock worth $33,000 after purchasing an additional 791 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after purchasing an additional 916 shares during the period. 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.