Harley-Davidson, Inc. (NYSE:HOG) Receives $51.63 Consensus PT from Brokerages

Shares of Harley-Davidson, Inc. (NYSE:HOGGet Rating) have been assigned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $51.80.

Several research firms have commented on HOG. StockNews.com began coverage on shares of Harley-Davidson in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a report on Tuesday. Morgan Stanley raised shares of Harley-Davidson from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $39.00 to $40.00 in a report on Tuesday, February 1st. Finally, TheStreet downgraded shares of Harley-Davidson from a “b” rating to a “c+” rating in a report on Tuesday, February 8th.

In other news, CAO Mark R. Kornetzke sold 5,746 shares of the stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $40.09, for a total transaction of $230,357.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in Harley-Davidson in the fourth quarter valued at $27,000. Allegheny Financial Group LTD bought a new stake in Harley-Davidson in the fourth quarter valued at $27,000. Farmers & Merchants Investments Inc. bought a new stake in Harley-Davidson in the fourth quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new stake in Harley-Davidson in the fourth quarter valued at $32,000. Finally, Spire Wealth Management boosted its holdings in Harley-Davidson by 89.4% in the fourth quarter. Spire Wealth Management now owns 945 shares of the company’s stock valued at $36,000 after acquiring an additional 446 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Shares of NYSE:HOG traded down $0.15 during midday trading on Thursday, reaching $37.75. The company had a trading volume of 1,044,183 shares, compared to its average volume of 2,005,210. The company’s 50 day moving average price is $39.43 and its 200 day moving average price is $37.95. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.80. The stock has a market cap of $5.73 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.07 and a beta of 1.34. Harley-Davidson has a 52-week low of $32.13 and a 52-week high of $52.06.

Harley-Davidson (NYSE:HOGGet Rating) last issued its quarterly earnings results on Tuesday, February 8th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.52. The company had revenue of $816.10 million for the quarter, compared to the consensus estimate of $668.85 million. Harley-Davidson had a net margin of 12.66% and a return on equity of 30.27%. The firm’s quarterly revenue was up 53.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.44) EPS. Research analysts forecast that Harley-Davidson will post 4.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Monday, February 28th were paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, February 25th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.15. Harley-Davidson’s dividend payout ratio is 15.00%.

Harley-Davidson Company Profile (Get Rating)

Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.

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Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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