Harley-Davidson, Inc. (NYSE:HOG) Receives Consensus Rating of “Hold” from Analysts

Harley-Davidson, Inc. (NYSE:HOG) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.2222.

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Harley-Davidson from $12.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, May 19th. Wall Street Zen lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Robert W. Baird set a $28.00 price objective on shares of Harley-Davidson in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price objective on Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th.

Insider Transactions at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $24.21, for a total value of $37,622.34. Following the completion of the sale, the chief financial officer directly owned 32,508 shares of the company’s stock, valued at approximately $787,018.68. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the transaction, the insider owned 30,012 shares in the company, valued at approximately $780,312. This trade represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of Harley-Davidson

Several institutional investors and hedge funds have recently bought and sold shares of HOG. Triumph Capital Management grew its position in Harley-Davidson by 4.7% during the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock worth $284,000 after purchasing an additional 454 shares during the last quarter. State of Michigan Retirement System increased its stake in Harley-Davidson by 1.8% in the first quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock valued at $575,000 after purchasing an additional 500 shares during the period. Allworth Financial LP raised its holdings in shares of Harley-Davidson by 13.7% in the third quarter. Allworth Financial LP now owns 4,314 shares of the company’s stock valued at $120,000 after buying an additional 519 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Harley-Davidson by 139.0% in the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock valued at $26,000 after buying an additional 549 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after buying an additional 579 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

HOG stock opened at $25.02 on Friday. The business has a 50 day moving average price of $24.62 and a 200 day moving average price of $21.81. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 15.15 and a beta of 1.26. Harley-Davidson has a fifty-two week low of $17.09 and a fifty-two week high of $31.25.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. Equities research analysts anticipate that Harley-Davidson will post 0.39 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s payout ratio is presently 42.61%.

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.