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

by · The Markets Daily

Harley-Davidson, Inc. (NYSE:HOG – Get Free Report) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $30.8571.

A number of equities analysts recently issued reports on HOG shares. UBS Group dropped their price objective on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. 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 research report on Monday, June 16th. Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a research report on Monday, August 25th. Finally, DA Davidson lifted their price target on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 25th.

Get Our Latest Research Report on Harley-Davidson

Insider Transactions at Harley-Davidson

In other news, Director Rafeh Masood acquired 2,068 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $24.06 per share, with a total value of $49,756.08. Following the completion of the purchase, the director directly owned 4,705 shares in the company, valued at $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brickwood Asset Management LLP purchased a new stake in shares of Harley-Davidson in the 4th quarter worth approximately $27,783,000. Praxis Investment Management Inc. purchased a new stake in shares of Harley-Davidson in the 1st quarter worth approximately $291,000. Northern Trust Corp lifted its position in shares of Harley-Davidson by 20.1% in the 4th quarter. Northern Trust Corp now owns 1,063,222 shares of the company’s stock worth $32,035,000 after purchasing an additional 177,748 shares during the period. Skylands Capital LLC lifted its position in shares of Harley-Davidson by 79.3% in the 1st quarter. Skylands Capital LLC now owns 43,200 shares of the company’s stock worth $1,091,000 after purchasing an additional 19,100 shares during the period. Finally, J. Goldman & Co LP purchased a new stake in shares of Harley-Davidson in the 4th quarter worth approximately $791,000. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Stock Down 2.5%

Shares of NYSE HOG opened at $29.94 on Monday. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 0.44 and a beta of 1.31. Harley-Davidson has a 12-month low of $20.45 and a 12-month high of $39.93. The firm’s 50-day moving average price is $26.46 and its 200-day moving average price is $24.98. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32.

Harley-Davidson (NYSE:HOG – Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.11). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm’s quarterly revenue was down 19.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. On average, equities research analysts anticipate that Harley-Davidson will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.72 annualized dividend and a yield of 2.4%. Harley-Davidson’s dividend payout ratio is 37.31%.

About Harley-Davidson

(Get Free Report)

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.

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