Harley-Davidson, Inc. (NYSE:HOG) Given Average Recommendation of “Hold” by Analysts

Shares of Harley-Davidson, Inc. (NYSE:HOG) have been given an average rating of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $21.6667.

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. DA Davidson dropped their target price on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Citigroup cut their target price on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Morgan Stanley reaffirmed an “underweight” rating and set a $12.00 price target on shares of Harley-Davidson in a research report on Tuesday, February 17th. Finally, UBS Group cut their price objective on Harley-Davidson from $27.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director James D. Farley, Jr. sold 6,454 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total value of $120,754.34. Following the completion of the transaction, the director directly owned 16,205 shares in the company, valued at approximately $303,195.55. This represents a 28.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rafeh Masood bought 2,775 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was bought at an average cost of $18.00 per share, with a total value of $49,950.00. Following the completion of the transaction, the director owned 7,480 shares in the company, valued at approximately $134,640. This trade represents a 58.98% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Harley-Davidson by 62.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock worth $2,183,000 after buying an additional 33,097 shares during the period. Empowered Funds LLC boosted its position in Harley-Davidson by 18.3% during the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock valued at $443,000 after acquiring an additional 2,712 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after acquiring an additional 1,278 shares during the period. Intech Investment Management LLC raised its position in shares of Harley-Davidson by 27.4% in the 2nd quarter. Intech Investment Management LLC now owns 25,631 shares of the company’s stock worth $605,000 after acquiring an additional 5,507 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Harley-Davidson in the 2nd quarter worth approximately $589,000. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Stock Performance

NYSE:HOG opened at $19.47 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.83 and a current ratio of 2.10. Harley-Davidson has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. The firm has a market cap of $2.18 billion, a PE ratio of 7.46 and a beta of 1.42. The business has a 50 day moving average price of $19.36 and a 200-day moving average price of $23.03.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, February 10th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of ($0.92) by ($1.52). The firm had revenue of $496.16 million during the quarter, compared to analysts’ expectations of $482.21 million. Harley-Davidson had a return on equity of 10.27% and a net margin of 8.03%.The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.93) earnings per share. Equities research analysts predict that Harley-Davidson will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Monday, March 2nd were paid a $0.1875 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.18. This represents a $0.75 dividend on an annualized basis and a yield of 3.9%. Harley-Davidson’s payout ratio is 28.74%.

Harley-Davidson Company Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.