Brokerages Set Harley-Davidson, Inc. (NYSE:HOG) Price Target at $30.00

Shares of Harley-Davidson, Inc. (NYSE:HOG) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $30.00.

HOG has been the subject of several research reports. Citigroup boosted their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Robert W. Baird boosted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, May 14th. Finally, DA Davidson reissued a “buy” rating and set a $31.00 price objective on shares of Harley-Davidson in a report on Wednesday, April 9th.

Institutional Trading of Harley-Davidson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. Venturi Wealth Management LLC boosted its position in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company’s stock worth $26,000 after acquiring an additional 554 shares during the last quarter. Covestor Ltd boosted its position in shares of Harley-Davidson by 18.8% during the fourth quarter. Covestor Ltd now owns 4,163 shares of the company’s stock worth $125,000 after acquiring an additional 658 shares during the last quarter. Assetmark Inc. boosted its position in shares of Harley-Davidson by 209.7% during the first quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Harley-Davidson by 52.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company’s stock worth $53,000 after acquiring an additional 725 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after acquiring an additional 791 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Down 0.4%

HOG opened at $23.59 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.56 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average price of $24.01 and a 200-day moving average price of $25.87. Harley-Davidson has a twelve month low of $20.45 and a twelve month high of $39.93. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.47 and a beta of 1.32.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data 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 net margin of 7.82% and a return on equity of 10.72%. The firm had revenue of $315.24 million during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company earned $1.72 earnings per share. The firm’s quarterly revenue was down 23.2% on a year-over-year basis. Equities research analysts forecast that Harley-Davidson will post 3.44 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.18 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. Harley-Davidson’s dividend payout ratio is currently 26.87%.

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.