Harley-Davidson - HOG Stock Forecast, Price & News

Harley-Davidson, Inc. manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services. This segment sells its products to retail customers through a network of independent dealers, as well as e-commerce channels in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific. The Financial Services segment provides wholesale financing services, such as floorplan and open account financing of motorcycles, and parts and accessories; and retail financing services, including installment lending for the purchase of new and used Harley-Davidson motorcycles, as well as point-of-sale protection products comprising motorcycle insurance, extended service contracts, and motorcycle maintenance protection. This segment also licenses third-party financial institutions that issue credit cards bearing the Harley-Davidson brand. Harley-Davidson, Inc. was founded in 1903 and is based in Milwaukee, Wisconsin.

Analyst Ratings Changes

Several brokerages recently weighed in on HOG. StockNews.com cut shares of Harley-Davidson from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson boosted their price objective on shares of Harley-Davidson to $36.00 in a research note on Tuesday. Northcoast Research reissued a "neutral" rating on shares of Harley-Davidson in a research note on Tuesday, May 17th. Robert W. Baird dropped their target price on shares of Harley-Davidson from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, April 28th. Finally, BMO Capital Markets dropped their target price on shares of Harley-Davidson from $62.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 28th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.00.

Harley-Davidson Stock Down 1.4 %

Shares of NYSE:HOG traded down $0.54 during trading on Tuesday, hitting $37.68. 1,046,581 shares of the company traded hands, compared to its average volume of 1,832,948. The business's fifty day moving average is $33.66 and its 200 day moving average is $36.51. Harley-Davidson has a fifty-two week low of $29.80 and a fifty-two week high of $44.46. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 0.96 and a beta of 1.34. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.25 and a current ratio of 1.44.

Harley-Davidson (NYSE:HOG - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.21. Harley-Davidson had a net margin of 12.11% and a return on equity of 25.73%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. The business's quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts predict that Harley-Davidson will post 4.48 earnings per share for the current fiscal year.

Harley-Davidson Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Thursday, June 2nd were issued a dividend of $0.157 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.63 annualized dividend and a dividend yield of 1.67%. Harley-Davidson's dividend payout ratio is currently 15.37%.