BMO Capital Markets Boosts Harley-Davidson (NYSE:HOG) Price Target to $50.00

Harley-Davidson (NYSE:HOGFree Report) had its price target lifted by BMO Capital Markets from $45.00 to $50.00 in a research note released on Wednesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts also recently commented on HOG. Bank of America increased their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a buy rating in a research report on Thursday, March 14th. Citigroup increased their price target on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a neutral rating in a report on Tuesday, February 27th. UBS Group boosted their price objective on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a neutral rating in a report on Friday, February 16th. Finally, DA Davidson reiterated a buy rating and set a $42.00 target price on shares of Harley-Davidson in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Harley-Davidson has an average rating of Moderate Buy and an average price target of $45.50.

Check Out Our Latest Stock Analysis on Harley-Davidson

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $42.85 on Wednesday. The company has a 50 day simple moving average of $38.35 and a two-hundred day simple moving average of $34.08. Harley-Davidson has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 2.85 and a beta of 1.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.25 and a current ratio of 1.53.

Harley-Davidson (NYSE:HOGGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The business had revenue of $791.65 million during the quarter, compared to analysts’ expectations of $875.29 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was down 13.8% compared to the same quarter last year. Analysts expect that Harley-Davidson will post 4.22 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 4th were paid a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.69 annualized dividend and a dividend yield of 1.61%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 14.32%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Harley-Davidson by 47.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,269,057 shares of the company’s stock worth $41,955,000 after purchasing an additional 410,648 shares in the last quarter. Beutel Goodman & Co Ltd. grew its stake in shares of Harley-Davidson by 2.2% during the second quarter. Beutel Goodman & Co Ltd. now owns 7,659,467 shares of the company’s stock worth $269,689,000 after acquiring an additional 166,961 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Harley-Davidson by 29.7% during the third quarter. Alps Advisors Inc. now owns 10,365 shares of the company’s stock valued at $343,000 after acquiring an additional 2,375 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Harley-Davidson during the fourth quarter valued at about $3,154,000. Finally, Pathstone Family Office LLC purchased a new position in shares of Harley-Davidson in the 3rd quarter valued at approximately $565,000. Institutional investors own 85.10% of the company’s stock.

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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Analyst Recommendations for Harley-Davidson (NYSE:HOG)

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