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

Shares of Harley-Davidson, Inc. (NYSE:HOG) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $45.43.

Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of Harley-Davidson from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, September 8th. DA Davidson upgraded shares of Harley-Davidson from a “neutral” rating to a “buy” rating and upped their target price for the stock from $38.00 to $47.00 in a research report on Friday, July 21st. 3M reiterated a “maintains” rating on shares of Harley-Davidson in a research report on Monday, June 12th. StockNews.com started coverage on shares of Harley-Davidson in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Robert W. Baird upped their price target on shares of Harley-Davidson from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, July 28th.

Insider Buying and Selling

In related news, Director Rafeh Masood purchased 1,302 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of $38.40 per share, with a total value of $49,996.80. Following the completion of the purchase, the director now directly owns 2,637 shares in the company, valued at $101,260.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Harley-Davidson

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new stake in Harley-Davidson in the first quarter worth approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in Harley-Davidson in the first quarter worth approximately $34,000. Covestor Ltd boosted its holdings in Harley-Davidson by 293.2% in the second quarter. Covestor Ltd now owns 1,046 shares of the company’s stock worth $37,000 after purchasing an additional 780 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Harley-Davidson by 10,090.9% in the first quarter. Global Retirement Partners LLC now owns 1,121 shares of the company’s stock worth $40,000 after purchasing an additional 1,110 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Harley-Davidson by 77.1% in the second quarter. National Bank of Canada FI now owns 1,289 shares of the company’s stock worth $45,000 after purchasing an additional 561 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Harley-Davidson Stock Up 0.6 %

Harley-Davidson stock opened at $33.66 on Thursday. Harley-Davidson has a 1-year low of $30.85 and a 1-year high of $51.77. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 1.45 and a beta of 1.40. The company has a current ratio of 2.03, a quick ratio of 1.69 and a debt-to-equity ratio of 1.81. The firm has a 50 day simple moving average of $35.17 and a 200 day simple moving average of $36.04.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 27th. The company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.18). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Harley-Davidson had a net margin of 13.03% and a return on equity of 26.10%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 earnings per share. On average, analysts predict that Harley-Davidson will post 4.58 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Tuesday, September 12th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, September 11th. Harley-Davidson’s payout ratio is currently 12.41%.

Harley-Davidson Company Profile

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, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.