Recent Analysts’ Ratings Updates for Harley-Davidson (HOG)

Several brokerages have updated their recommendations and price targets on shares of Harley-Davidson (NYSE: HOG) in the last few weeks:

  • 11/23/2022 – Harley-Davidson was given a new $49.00 price target on by analysts at Citigroup Inc..
  • 11/15/2022 – Harley-Davidson is now covered by analysts at Jefferies Financial Group Inc.. They set an “underperform” rating and a $39.00 price target on the stock.
  • 11/7/2022 – Harley-Davidson had its price target raised by analysts at Morgan Stanley from $40.00 to $43.00. They now have an “equal weight” rating on the stock.
  • 11/5/2022 – Harley-Davidson was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 11/1/2022 – Harley-Davidson had its price target raised by analysts at Citigroup Inc. to $42.00.
  • 10/28/2022 – Harley-Davidson was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 10/28/2022 – Harley-Davidson had its price target raised by analysts at Robert W. Baird from $45.00 to $48.00.
  • 10/27/2022 – Harley-Davidson had its price target raised by analysts at DA Davidson from $36.00 to $42.00.
  • 10/24/2022 – Harley-Davidson is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $40.00 price target on the stock.
  • 10/14/2022 – Harley-Davidson had its price target raised by analysts at DA Davidson from $36.00 to $37.00. They now have a “neutral” rating on the stock.
  • 10/12/2022 – Harley-Davidson is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 10/5/2022 – Harley-Davidson had its price target lowered by analysts at Robert W. Baird from $55.00 to $45.00. They now have an “outperform” rating on the stock.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $47.27 on Friday. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.09 and a beta of 1.35. Harley-Davidson, Inc. has a 52 week low of $29.80 and a 52 week high of $48.72. The company’s 50-day moving average price is $40.76 and its 200 day moving average price is $37.56. The company has a current ratio of 1.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67.

Harley-Davidson (NYSE:HOGGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.33. Harley-Davidson had a net margin of 13.29% and a return on equity of 27.44%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the company earned $1.18 EPS. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. As a group, research analysts forecast that Harley-Davidson, Inc. will post 4.71 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $0.63 annualized dividend and a dividend yield of 1.33%. Harley-Davidson’s dividend payout ratio is presently 13.04%.

Insider Buying and Selling

In related news, President and CEO ZEITZ JOCHEN bought 25,750 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average cost of $38.94 per share, with a total value of $1,002,705.00. Following the completion of the transaction, the insider now owns 508,870 shares of the company’s stock, valued at $19,815,397.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Walker Asset Management LLC purchased a new position in Harley-Davidson in the second quarter valued at approximately $551,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Harley-Davidson by 36.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 428,310 shares of the company’s stock valued at $16,875,000 after buying an additional 113,279 shares during the period. HAP Trading LLC purchased a new position in Harley-Davidson in the first quarter valued at approximately $471,000. Parkside Financial Bank & Trust raised its stake in shares of Harley-Davidson by 13.8% during the second quarter. Parkside Financial Bank & Trust now owns 3,279 shares of the company’s stock valued at $104,000 after purchasing an additional 397 shares during the period. Finally, Clearstead Advisors LLC raised its stake in shares of Harley-Davidson by 102.1% during the first quarter. Clearstead Advisors LLC now owns 2,021 shares of the company’s stock valued at $80,000 after purchasing an additional 1,021 shares during the period. Hedge funds and other institutional investors own 87.12% of the company’s stock.

Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

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