Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $39.14

Harley-Davidson, Inc. (NYSE:HOG) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $39.14.

Several analysts have recently weighed in on HOG shares. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group decreased their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Robert W. Baird cut their price objective on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley downgraded shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $40.00 to $33.00 in a research note on Tuesday, January 21st.

Harley-Davidson Stock Down 3.4 %

NYSE HOG opened at $27.46 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. Harley-Davidson has a 52 week low of $27.26 and a 52 week high of $44.16. The business’s fifty day simple moving average is $30.95 and its 200-day simple moving average is $34.00. The firm has a market cap of $3.50 billion, a PE ratio of 6.18, a P/E/G ratio of 0.34 and a beta of 1.48.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a $0.1725 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 annualized dividend and a dividend yield of 2.51%. Harley-Davidson’s dividend payout ratio (DPR) is 15.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mork Capital Management LLC purchased a new position in Harley-Davidson in the third quarter valued at $1,926,000. Barclays PLC boosted its position in shares of Harley-Davidson by 135.7% during the 3rd quarter. Barclays PLC now owns 282,932 shares of the company’s stock worth $10,900,000 after acquiring an additional 162,899 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Harley-Davidson by 151.3% in the 3rd quarter. Quantinno Capital Management LP now owns 50,475 shares of the company’s stock valued at $1,945,000 after acquiring an additional 30,388 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Harley-Davidson by 190.4% during the 3rd quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after acquiring an additional 112,948 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Harley-Davidson during the third quarter worth approximately $2,725,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Company Profile

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.