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Harley-Davidson, Inc. (NYSE:HOG) Given Average Rating of "Moderate Buy" by Analysts

Harley-Davidson logo with Auto/Tires/Trucks background

Harley-Davidson, Inc. (NYSE:HOG - Get Free Report) has earned an average rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.00.

Several research analysts recently commented on the company. Citigroup reduced their price target on Harley-Davidson from $36.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday. DA Davidson raised their price objective on Harley-Davidson from $42.00 to $49.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Morgan Stanley began coverage on Harley-Davidson in a research report on Tuesday, April 23rd. They issued an "overweight" rating and a $50.00 price objective for the company. Bank of America raised their price objective on Harley-Davidson from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Finally, BMO Capital Markets cut their price objective on Harley-Davidson from $50.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, April 26th.

Read Our Latest Stock Analysis on Harley-Davidson

Hedge Funds Weigh In On Harley-Davidson

A number of hedge funds have recently added to or reduced their stakes in HOG. Norges Bank bought a new position in Harley-Davidson during the 4th quarter worth $51,860,000. Dimensional Fund Advisors LP increased its stake in Harley-Davidson by 15.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company's stock worth $193,115,000 after acquiring an additional 689,363 shares during the period. Boston Partners increased its stake in Harley-Davidson by 10.1% during the 4th quarter. Boston Partners now owns 7,206,167 shares of the company's stock worth $265,398,000 after acquiring an additional 659,654 shares during the period. AQR Capital Management LLC increased its stake in Harley-Davidson by 917.7% during the 3rd quarter. AQR Capital Management LLC now owns 669,028 shares of the company's stock worth $22,118,000 after acquiring an additional 603,286 shares during the period. Finally, Vanguard Group Inc. increased its stake in Harley-Davidson by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company's stock worth $587,372,000 after acquiring an additional 452,536 shares during the period. Institutional investors own 85.10% of the company's stock.


Harley-Davidson Stock Down 1.9 %

NYSE HOG traded down $0.63 during trading hours on Friday, hitting $32.52. 1,462,017 shares of the company traded hands, compared to its average volume of 1,220,806. The business's 50-day moving average is $36.16 and its 200-day moving average is $36.38. Harley-Davidson has a twelve month low of $25.43 and a twelve month high of $44.16. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.54. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 1.07 and a beta of 1.47.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.48 by $0.24. Harley-Davidson had a return on equity of 19.48% and a net margin of 11.03%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.42 billion. Sell-side analysts anticipate that Harley-Davidson will post 4.48 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, June 5th will be issued a dividend of $0.1725 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.69 annualized dividend and a yield of 2.12%. Harley-Davidson's payout ratio is currently 15.33%.

About Harley-Davidson

(Get Free Report

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.

See Also

Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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