Harley-Davidson, Inc. (NYSE:HOG) Receives $33.57 Average Target Price from Brokerages

Harley-Davidson, Inc. (NYSE:HOG) has earned an average rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research 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 brokers that have issued a report on the stock in the last year is $33.57.

A number of research analysts have issued reports on HOG shares. StockNews.com raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Robert W. Baird dropped their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, December 31st. Citigroup dropped their target price on shares of Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. DA Davidson dropped their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Finally, Morgan Stanley dropped their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th.

Harley-Davidson Stock Up 0.7 %

Shares of Harley-Davidson stock opened at $25.38 on Monday. 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’s fifty day simple moving average is $26.77 and its two-hundred day simple moving average is $31.41. The company has a market cap of $3.16 billion, a P/E ratio of 7.62, a PEG ratio of 0.38 and a beta of 1.49. Harley-Davidson has a 12-month low of $23.81 and a 12-month high of $44.16.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the previous year, the company earned $0.18 EPS. Research analysts anticipate that Harley-Davidson will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.18 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.84%. Harley-Davidson’s payout ratio is presently 21.62%.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Harley-Davidson by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company’s stock valued at $205,940,000 after acquiring an additional 332,928 shares during the period. LSV Asset Management lifted its stake in Harley-Davidson by 0.4% during the 4th quarter. LSV Asset Management now owns 5,498,635 shares of the company’s stock valued at $165,674,000 after acquiring an additional 19,453 shares during the period. Pacer Advisors Inc. lifted its stake in Harley-Davidson by 30.7% during the 4th quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after acquiring an additional 1,285,225 shares during the period. American Century Companies Inc. lifted its stake in Harley-Davidson by 14.2% during the 4th quarter. American Century Companies Inc. now owns 3,496,579 shares of the company’s stock valued at $105,352,000 after acquiring an additional 435,200 shares during the period. Finally, Donald Smith & CO. Inc. bought a new position in Harley-Davidson during the 4th quarter valued at about $50,368,000. 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.